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.
City of Atlanta issues crackdown warning for short-term rental owners
Out of the 7,000 short-term rentals owners in the Atlanta, the city has only approved 10% of the owners for permits. Now officials are warning they're going to begin cracking down on who can rent out their home.
Out of the 7,000 short-term rentals owners in the Atlanta, the city has only approved 10% of the owners for permits. Now officials are warning they're going to begin cracking down on who can rent out their home.
Renters find bidding wars in crowded housing market
The home buying market is starting to slightly cool, and now renters are beginning the feel the pain.
The home buying market is starting to slightly cool, and now renters are beginning the feel the pain.
Riskier adjustable rate mortgages back in fashion as interest rates rise
As interest rates and housing prices rise, so does the interest in adjustable rate mortgages. Remember those? Well, ARMs are back.
As interest rates and housing prices rise, so does the interest in adjustable rate mortgages. Remember those? Well, ARMs are back.
Millions more available for rental assistance in Atlanta
The city of Atlanta is trying to give away millions of public dollars to help families stave off potential evictions.
The city of Atlanta is trying to give away millions of public dollars to help families stave off potential evictions.
Woman offers some compassion after finding stranger sleeping in her car in San Francisco
A woman visiting San Francisco says she was shocked when she woke up to find a stranger sleeping in her parked car.
A woman visiting San Francisco says she was shocked when she woke up to find a stranger sleeping in her parked car.
Disabled vet among homeowners frustrated by ongoing flooding issues in Atlanta neighborhood
One resident told FOX 5 he was aware his home was in a flood zone when he purchased it in March 2020, but didn’t think it could get as bad as it has in the past or most recently when storms hit on Monday.
One resident told FOX 5 he was aware his home was in a flood zone when he purchased it in March 2020, but didn’t think it could get as bad as it has in the past or most recently when storms hit on Monday.
DeKalb County neighborhood residents frustrated over rental home
Residents of the DeKalb County neighborhood say they've seen fights, screaming, and people running up and down the street ever since it was put on a room rental website.
Residents of the DeKalb County neighborhood say they've seen fights, screaming, and people running up and down the street ever since it was put on a room rental website.
Atlanta City Council wants to crack down on negligent landlords
New legislation from the Atlanta City Council would look into criminally charging landlords who leave their tenants around the city living in "deplorable conditions."
New legislation from the Atlanta City Council would look into criminally charging landlords who leave their tenants around the city living in "deplorable conditions."
Mom of five says apartment has forced family to endure scorching temps without AC
Myesha Mason told FOX 5 she and her five kids have been relying on fans to keep cool inside her home at Eagles Run apartment complex.
Myesha Mason told FOX 5 she and her five kids have been relying on fans to keep cool inside her home at Eagles Run apartment complex.
Nuisance properties torn down in South Fulton
Residents woke up Friday morning to find a demolition crew hard at work on Buckhurst Drive, tearing down a dilapidated house.
Residents woke up Friday morning to find a demolition crew hard at work on Buckhurst Drive, tearing down a dilapidated house.
Bob Saget’s LA home lists for nearly $8 million
Saget resided in the Los Angeles home for nearly 20 years.
Saget resided in the Los Angeles home for nearly 20 years.
200 more units of affordable housing officially open in Atlanta
Atlanta Mayor Andre Dickens and Atlanta BeltLine President and CEO Clyde Higgs cut the ribbon Wednesday morning on Parkside.
Atlanta Mayor Andre Dickens and Atlanta BeltLine President and CEO Clyde Higgs cut the ribbon Wednesday morning on Parkside.
Home sellers in hot markets are dropping prices as demand wanes
The rise in mortgage rates is pricing out buyers.
The rise in mortgage rates is pricing out buyers.
Rent costs skyrocket across Georgia with no relief in sight
Rental rates for homes and apartments in Georgia have risen significantly, and, from where FOX 5's real estate expert John Adams stands, there is no relief in sight.
Rental rates for homes and apartments in Georgia have risen significantly, and, from where FOX 5's real estate expert John Adams stands, there is no relief in sight.
Atlanta City Council works to curb 'commercial harassment' calls
The Atlanta City Council is working to help ease the so-called "commercial harassment" calls homeowners have been getting.
The Atlanta City Council is working to help ease the so-called "commercial harassment" calls homeowners have been getting.