housing market

Stories 1 - 20 |  Next >>

10 Least Affordable Housing Markets in US

You may need a golden ticket to live in many parts of the Golden State

(Newser) - California dreamin' may be just that, especially when it comes to being able to afford to live there. 24/7 Wall St. examined data from real estate company ATTOM Data Solutions—including wage info, monthly homeownership expenses, and median fair-market rent—to figure out which US counties offer the least affordable... More »

This Mansion Is Expensive Even for Billionaires

Italian-style villa in San Francisco has 8 marble fireplaces

(Newser) - Everybody knows it's expensive to live in San Francisco, but the cost of real estate may finally be too high for even its wealthiest residents. Business Insider reports on a mansion in Cow Hollow, a posh neighborhood on the edge of "Billionaire's Row," that's been... More »

5 Hottest US Housing Markets

You go, Nashville

(Newser) - Seeking a place to call home that won't clean out your bank account—and might even go up in value? While cities like New York City and San Francisco are driving people away with exorbitant rents and mortgages, per CBS News , there are some cities where owning a home... More »

The Country's 10 Most Affordable Housing Markets

Tennessee, Michigan each hold 3 spots

(Newser) - 24/7 Wall St. looked at rental affordability and home buying affordability based on average area wages in order to come up with the 25 most affordable housing markets in the US. (Monthly house payments were based on a 3% down payment and included the mortgage, property tax, homeowner's... More »

Remember McMansions? They Were a Bad Investment

It's not just McMansions; luxury homes built earlier are also going for less

(Newser) - McMansions, defined loosely as mass-produced homes built between 2001 and 2007 weighing in at 3,000 to 5,000 square feet, have long been teased as shoddily built, poorly designed, and outrageously unsophisticated—the fast food version of luxury homes. (See the anonymous blog McMansion Hell for examples.) They... More »

5 Strongest and Weakest Housing Markets

Residents of Boulder, Colo., should be happy

(Newser) - Looking to invest in real estate? Be careful where you buy. Here are the five cities where house prices are growing and shrinking the fastest, based on average price changes for a single family home over 12 months ending this June, per 24/7 Wall St .: Growing:
  1. Boulder, Colo.: 18.5%
... More »

Home Too Toxic and Dilapidated to Enter Sells for $427K

Seattle housing market is going crazy

(Newser) - How crazy is the housing situation in one of the country's hottest markets? A dilapidated Seattle home described by the Seattle Times as a "Halloween haunted house" recently sold for more than twice its listing price despite partially collapsed ceilings, five feet of standing water, toxic air, hazardous... More »

Palo Alto May Subsidize Housing for People Making Up To $250K

In other words: the richest 3% of Americans

(Newser) - The city of Palo Alto in Silicon Valley is considering subsidizing housing for those who need the help most: the wealthiest 3% of Americans, the San Francisco Chronicle reports. Palo Alto is an incredibly wealthy town—the median family income of $167,000 was more than three times the national... More »

Water Crisis Drops Flint's Median Home Price to $14K

Though one savvy buyer got theirs for $1

(Newser) - The housing market in Flint, Michigan, wasn't great before the city's tainted water started poisoning residents. Now, the median home price in Flint is an unbelievable $14,000, CNN reports. Flint was hit especially hard by the 2008 housing crash, losing about 75% of its real estate value.... More »

7 Most Affordable Cities to Buy a Home

Cleveland tops the list

(Newser) - Looking for an affordable place to live? Well, this probably won't come as a surprise to you, but don't move to California. Coldwell Banker put together its annual Home Listing Report , which looks at the average listing price of more than 81,000 Coldwell Banker listings of four-bed,... More »

How One Woman Won the Home She Wanted: Pizza

Portlander's offer of pizza for life could easily reach $10K in pies

(Newser) - In an effort to stand out as a buyer in the competitive housing market in Portland, Ore., one woman who was helping her young son land his first home offered the sellers not only two free months of rent and $26,000 over the asking price of $249,000, but... More »

Meet a Family Who Lives in Mansions That Are for Sale

Company lets families live in homes on the market—but every object has a place

(Newser) - When the Mueller family hit hard times in Missouri, they packed up their baby grand piano and $10,000 Pakistani rug and moved into a $750,000 home on a golf course in Florida. It was the only affordable place where they could maintain the extravagant lifestyle to which they'... More »

Home Prices Take Biggest Jump Since 2006

Up 12.2% in May compared with a year ago

(Newser) - US home prices jumped 12.2% in May compared with a year ago, per the Standard & Poor's/Case-Shiller index of property values; that's the biggest yearly gain since March 2006, reports the AP . The highlights didn't stop there: Bloomberg reports that each of the 20 cities in... More »

Singapore Home's Record Price: $242M

Dwarfs top US listing for $135M

(Newser) - A 85,000-square-foot property in downtown Singapore has hit the market for a record price of $242 million, Bloomberg reports. It includes a two-story home, a tennis court, and a pool, the marketing agent says—though sellers are betting developers may want to divide up the property, which is in... More »

White House to Banks: Loan to Those With So-So Credit

Effort to expand recovery sparks debate on risky lending

(Newser) - The White House is fighting to make it easier for people with less-than-stellar credit to get home loans, a move insiders say will spur recovery. They're joined by housing advocates who say the improving housing market hasn't reached lower-income and young people. But the plan "would open... More »

Feds Look to Deep-Six 'Forced' Home Insurance

Banks benefit from practice that has gouged millions

(Newser) - Since 2009, some six million "force-placed" home insurance policies have been written—expensive policies that hit homeowners if their original plans fall through, for instance, because they've fallen behind on payments. But these "forced" policies can cost up to 10 times as much as the original plans,... More »

Jan. Home Prices See Biggest Jump Since 2006

Case-Shiller index points to 8.1% growth year-over-year

(Newser) - Home prices jumped 8.1% this January compared to a year before, according to the 20-city Case-Shiller index. That beats economists' expectations of a 7.9% increase and marks the biggest year-over-year jump since the summer of 2006, the Wall Street Journal reports. In other words, it's "the... More »

Much Ado in Paris Over Man's Tinier-Than-Twin Bed Home

' Minuscule ' flat indicative of Paris' housing crunch, say advocates

(Newser) - If this is a Parisian apartment, no wonder folks there are les miserables. For the past 15 years, "Dominique" has been paying $442 a month to live in a 16.8-square-foot Parisian apartment too small to stand up in, reports NPR . (FYI, a twin-sized bed measures about 20 square... More »

29% of Homeowners Are Mortgage-Free

Including 34.5% of those homeowners ages 20 to 24

(Newser) - In a country ravaged by the housing crisis, a hefty chunk of homeowners—some 29.3%—have escaped the mortgage burden entirely, a new report by Zillow finds. A great deal of the 20.6 million Americans who own their homes outright are retirees: 77.6% of people 85 and... More »

Housing Starts Soar to Highest Since 2008

Almost all of the growth comes in apartments, townhouses

(Newser) - The housing market might finally be coming around. The number of new homes that began construction last month took a surprise 3.6% leap to an 894,000 annual rate—the highest since July 2008, the Commerce Department announced today. That's well above the 840,000 economists surveyed by... More »

Stories 1 - 20 |  Next >>

AROUND THE WEB