housing

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The Makings of a Viral Story: One Woman, 20 iPhones, 20 Lovers

It's a great story ... if it's true

(Newser) - One woman's personal journey to homeownership in China—which involved 20 iPhone 7s, 20 boyfriends, and some masterful manipulation—has gone viral, with New York Magazine calling it "a move so brilliant ... I can only hope it is real." It doesn't look like it is, but... 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 »

Student Causes Stir With 'POC Only' Roommate Want-Ad

'I don't want to live with any white folks'

(Newser) - A want-ad for a new roommate spurred a passionate debate about racism, safe spaces, and what it's like to be a person of color in America this week at a small college in California. The Washington Post reports 20-year-old Pitzer College junior Karé Ureña posted on the Pitzer... More »

Lawyer, Engineer Say Even They Can't Afford Palo Alto

City's planning and transportation commissioner explains why as she resigns

(Newser) - Palo Alto's planning and transportation commissioner sat down and did the math: For Kate Vershov Downing and husband Steve to purchase a home similar to the 4-bedroom, 2,300-square-foot dwelling they currently rent (with another couple, at $6,200 a month), their monthly payment would be $12,177. That'... More »

Entrepreneur Pitches Live-In Vans to Techies

'Eat Google food, use their gym, and sleep in the van'

(Newser) - "Rent is too high even if you could find a place. So be adventurous and think about it." So writes Robert Allen in an ad posted to Craigslist last week. The San Francisco Chronicle reports Allen is hoping young tech workers fed up with ballooning rents in the... 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 »

China's 'Ghost Cities' Were Hidden Until Now

Massive empty housing developments feel like 'an abandoned movie set'

(Newser) - People have known about China's "ghost cities" for years, but it turns out finding and tracking these massive, mostly empty housing developments is pretty much as difficult as hunting an actual ghost. That is, until China's largest search engine got involved, Quartz reports. Tech company Baidu was... 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 »

Obama Mulls Exec Orders on Gay Rights, Environment

Could also take action on mortgage refinancing

(Newser) - If Congress won't move on President Obama's agenda, he may take further action—on mortgage refinancing, gay rights, and other issues—on his own. The process could begin this week with new cybersecurity rules for private firms in certain industries, including transportation, the Washington Post reports. Later, he... More »

'World's Thinnest House' Unveiled in Warsaw

Urban home is just 5 feet at its widest

(Newser) - The future of urban living may be just a few feet wide, says Polish architect Jakub Szczesny, creator of the "world's narrowest home." The Warsaw home, squeezed into a narrow gap between two buildings, is five feet wide at its widest and three at its narrowest, but... More »

Confessions of a Home Repo Man

Despair and danger often await the thankless job

(Newser) - Americans continue to lose their homes in catastrophic numbers, but while that tragedy is plain to see, Albert Clawson gives an all-too-human perspective—from the forecloser's side. "I've seen it all," explains the property manager, whose job is to provide "boots-on-the-ground" info on the condition... More »

Gargantuan Mansion Sparks Ozarks Mystery

Some say it's a home for aliens, or possibly Brangelina...

(Newser) - Deep in the hills of the Ozarks, between Springfield and Branson, Mo., a 72,000-square-foot house is being built—and locals aren’t quite sure why. Some suggest it may be a military bunker, while others propose it’s a nuclear shelter for “important people”; still others wonder whether... More »

South Struggles to Handle Tornadoes' Homeless

Mayor warns of 'humanitarian crisis' if help doesn't come quickly

(Newser) - Three days after tornadoes devastated the South, the thousands left homeless are emerging as a major problem, reports the LA Times . At least 1,100 are living in emergency shelters, with thousands more in churches or with friends and family. Tuscaloosa Mayor Walter Maddox warned of a "humanitarian crisis"... More »

10 Reasons to Buy a House

Housing market gloom is over-hyped

(Newser) - Has the housing crisis scared you out of the market? Too bad, because there are still many good reasons to buy, writes Brett Arends in the Wall Street Journal . A few points to consider before hopping on the first train to rents-ville:
  • You could get a deal: Prices are down—
... More »

New Home Sales Drop 12.4% in July

Sales pace falls way short of 330K expected

(Newser) - Sales of new US homes dropped sharply last month to the slowest pace on record, the latest sign that the economic recovery is fading. The Commerce Department says new home sales fell 12.4% in July from a month earlier to a seasonally adjusted annual sales pace of 276,600.... More »

30K-Strong Mob Swarms Housing Wait List

Small crowd arrives today to drop them off

(Newser) - A mob of 30,000 people swarmed over an Atlanta parking lot in a heat wave yesterday, clamoring for an application to get on a waiting list for Section 8 housing assistance. Fights broke out, and children were reportedly trampled, with police stepping in to stop the onslaught, according to... More »

What Rebuilding Haiti Will Mean

Debt relief, housing quality, and a better government are key

(Newser) - World leaders have vowed to rebuild Haiti's infrastructure into something better than it was before; the Independent takes a look at what this would mean in practice:
  • Higher-quality housing: Haiti has no building codes; international donors should insist the new dwellings their funds build for those left homeless in the
... More »

How Australia Dodged the Recession

How one country ducked the economic downturn

(Newser) - Australia has weathered the financial crisis better than any other developed country. Last week its central bank raised interest rates, indicating its primary concern is now inflation, not growth. What were the keys? Phil Dobbie of BNET explains:
  • Befriending China: Australia used to export much of what it made to
... More »

Lawsuits Over Chinese Drywall Mounting

More homeowners cite damage, sickness, as feds finish inquiry

(Newser) - With the controversy over Chinese drywall about to come to a head, the New York Times checks in on the issue and finds hundreds of lawsuits piling up around the country. The imported material, which became common as builders scrambled for supplies during the housing boom, is said to be... More »

Dow Dips 2 Points

Housing starts rise, but come in below expectations

(Newser) - Stocks posted small losses today as the modest rally of the last two weeks ran out of steam, the Wall Street Journal reports. Housing starts for August rose 1.5%, less than expected. FedEx shares dropped after the company reported a 53% drop in quarterly profit. The Dow fell 2... More »

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