housing market

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Want Fewer Neighbors? Try These Ghost Towns

Vacancy rates top 20%: 24/7 Wall St.

(Newser) - Not willing to spend up to 98% of your income on housing in states like California or Hawaii? A ghost town in desperate need of humanity might be the best affordable option. Based on vacant property rates per zip code, 24/7 Wall St. rounds up 30 ghost towns across the... More »

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 »

Americans Now Wait Longer Than Ever to Buy First Home

Millennials are having trouble getting down payments together

(Newser) - Short of cash and unsettled in their careers, young Americans are waiting longer than ever to buy their first homes. The typical first-timer now rents for six years before buying a home, up from 2.6 years in the early 1970s, according to a new analysis by the real estate... 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 »

US New Home Sales Hit Fastest Pace Since 2008

Sales of new homes increased 9.6% last month

(Newser) - US sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising interest rates. The Commerce Department says sales of new homes increased 9.6% in January to a... More »

Foreclosures Plummet to Pre-Crash Levels

Foreclosures fall to 6-year low, 32% drop from last November

(Newser) - The number of US homes entering the path to foreclosure or winding up repossessed by lenders has fallen to levels not seen in more than six years. While foreclosures remain a concern in select states, the trend is the latest sign that foreclosures are becoming less of a national factor... 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 »

More Good News for Housing Market

New home sales at fastest pace in 5 years

(Newser) - Sales of new American homes rose in May to the fastest pace in five years, a solid gain that added to signs of a steadily improving housing market. The Commerce Department says sales rose 2.1% last month compared with April to a seasonally adjusted annual rate of 476,000,... More »

Home Prices Take Biggest Jump in 7 Years

20 biggest cities see gains for 2nd month in a row

(Newser) - US home prices posted their biggest year-over-year gains in February since 2006, as a growing number of buyers bid on a limited supply of homes. The Standard & Poor's/Case-Shiller 20-city home price index climbed 9.3% in the 12 months ending in February. That's up from an 8.... 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 »

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