What buyers and sellers need to know for a real estate recession
Real estate prices have gone through the roof and we still have a shortage of homes for sale or to rent. FOX 5 real estate expert John Adams believes the market is in a reset right now, and he has some advice on how to survive it.
Real estate prices have gone through the roof and we still have a shortage of homes for sale or to rent. FOX 5 real estate expert John Adams believes the market is in a reset right now, and he has some advice on how to survive it.
Denver set to give 140 homeless people up to $12,000 in cash as part of 'basic income' program
More than 140 people experiencing homelessness in Denver will each be provided up to $1,000 in cash a month for up to one year as part of a basic income program designed to help "lift individuals out of homelessness," the city announced last week.
More than 140 people experiencing homelessness in Denver will each be provided up to $1,000 in cash a month for up to one year as part of a basic income program designed to help "lift individuals out of homelessness," the city announced last week.
Cooling housing market: Idaho, Colorado, Utah sellers drop prices in July
Here are the top 10 U.S. cities that had the highest share of sellers who dropped their asking prices in July as more buyers backed out of the market.
Here are the top 10 U.S. cities that had the highest share of sellers who dropped their asking prices in July as more buyers backed out of the market.
Massive rent hikes may finally be coming to an end, economist says
Rent prices are still at an all-time high for many tenants, but data shows asking rent prices have begun to slow.
Rent prices are still at an all-time high for many tenants, but data shows asking rent prices have begun to slow.
Rent dispute at Marietta facility could force recovering addicts out on the street
Recovering addicts at a Marietta sober living facility say they feel their freedom is hanging in the balance all because of a rent dispute.
Recovering addicts at a Marietta sober living facility say they feel their freedom is hanging in the balance all because of a rent dispute.
California retirement community hikes elderly couple's rent by $1,000/month: 'That has to be a mistake'
Residents at a Southern California retirement home are seeing their monthly payments go up by more than $1,000 a month, leading some to question whether they'll still be able to afford to live there.
Residents at a Southern California retirement home are seeing their monthly payments go up by more than $1,000 a month, leading some to question whether they'll still be able to afford to live there.
This is the salary you need to afford a home in Atlanta
It can be pricey to live in the Peach State. A new study shows the salary you'd need to afford an average home in the ATL.
It can be pricey to live in the Peach State. A new study shows the salary you'd need to afford an average home in the ATL.
Opendoor fined $62M by FTC over 'deceptive' marketing
The Federal Trade Commission says iBuyer service Opendoor deceived customers into offering their properties to the service for less than they would have made on the open housing market.
The Federal Trade Commission says iBuyer service Opendoor deceived customers into offering their properties to the service for less than they would have made on the open housing market.
Here’s how much the average 1-bedroom, 2-bedroom rent is in America
Nationwide rent prices continued to climb in August 2022, according to a new report. Here’s a look at how much renters are paying on average this month, and when the market could level off.
Nationwide rent prices continued to climb in August 2022, according to a new report. Here’s a look at how much renters are paying on average this month, and when the market could level off.
This is how much you need to make per hour to afford housing in your state, study finds
A new study reveals that rent costs are rising while hourly wages for workers are not keeping pace, making it tough for many to find adequate housing.
A new study reveals that rent costs are rising while hourly wages for workers are not keeping pace, making it tough for many to find adequate housing.
Metro Atlanta college students facing housing shortage as classes set to begin
Atlanta's hot housing market and high enrollment rates at Georgia State and Georgia Tech have thousands of college students scrambling to find a place to live before school starts.
Atlanta's hot housing market and high enrollment rates at Georgia State and Georgia Tech have thousands of college students scrambling to find a place to live before school starts.
Study shows how many hours you need to work to afford rent in Georgia
It can cost a lot to be able to afford a one or two-bedroom apartment in a Peach State. A new report reveals just how many hours you need to work at minimum wage to be able to afford rent and utilities.
It can cost a lot to be able to afford a one or two-bedroom apartment in a Peach State. A new report reveals just how many hours you need to work at minimum wage to be able to afford rent and utilities.
FTC says Opendoor must pay $62 million after cheating home sellers
The Federal Trade Commission says online homebuyer Opendoor must pay $62 million to settle charges that it cheated homesellers out of thousands of dollars.
The Federal Trade Commission says online homebuyer Opendoor must pay $62 million to settle charges that it cheated homesellers out of thousands of dollars.
Certain California, Florida, Arizona housing markets most susceptible to downturn in a recession
Places where people have high debt compared to income and home equity are vulnerable.
Places where people have high debt compared to income and home equity are vulnerable.
Mortgage company owned by Warren Buffet discriminated against Black homebuyers, DOJ says
The Justice Department alleges that employees of the company made racist comments about making loans to Black homebuyers, calling some neighborhoods “ghettos.”
The Justice Department alleges that employees of the company made racist comments about making loans to Black homebuyers, calling some neighborhoods “ghettos.”
US new home sales drop to lowest level in 2 years
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
Home buyers backing out of contracts as rates rise
Gone are the early-pandemic days when putting up a for sale sign would mean 10 offers right away. Now home sales are getting cancelled at record numbers.
Gone are the early-pandemic days when putting up a for sale sign would mean 10 offers right away. Now home sales are getting cancelled at record numbers.
Colorado, Utah, Idaho metros had biggest share of sellers dropping home prices in June
Boise had the most sellers drop their asking prices. Denver and Salt Lake City were next as fears of inflation and recession rise.
Boise had the most sellers drop their asking prices. Denver and Salt Lake City were next as fears of inflation and recession rise.
Despite high rent, it’s still cheaper than buying a home – except in these cities
Rents are up 14.1% over the same time last year — they’ve hit record levels every month for the past 16 months.
Rents are up 14.1% over the same time last year — they’ve hit record levels every month for the past 16 months.
Confidence of US home builders plunges in July as rising costs slow sales
U.S. homebuilder confidence for single-family homes posted its seventh straight monthly decline in July, another sign of a weakening housing market.
U.S. homebuilder confidence for single-family homes posted its seventh straight monthly decline in July, another sign of a weakening housing market.