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You need to make at least $64,500 a year to afford your first home, says Redfin

Wed, 08/02/2023 - 05:28

Tech Insider : Economy

A Floridian home for sale. — Homes are getting less affordable for first-time buyers, Redfin said.
Getty Images

economy, Real Estate, Markets, us home sales, US Homebuyers, us home prices, us housing market

US homes sales were the lowest in 14 years last month as inventory dries up

Thu, 07/20/2023 - 13:14

home for sale — Joe Raedle/Getty Images

Markets, MI Exclusive, us housing market, housing inventory, housing supply shortage, Home sales, us home sales

Just 1% of US homeowners sold their house in the first half of the year, leading to the lowest inventory of all time

Tue, 07/18/2023 - 12:43

home sold — In this April 5, 2010 photo, Joann Weber, of Midtown Realty, changes the sign from "Sale Pending" to "Sold" at a home that just sold in Palo Alto, Calif.
Paul Sakuma/AP

Markets, MI Exclusive, us housing market, housing supply shortage, housing inventory, mortgage rates, Housing Shortage

A corner of the commercial real estate market is starting to show signs of stress from the banking crisis

Tue, 04/04/2023 - 12:43

FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson — A new apartment building housing construction site is seen in Los Angeles
Reuters

Markets, MI Exclusive, us housing market, Banking Crisis, Credit Crunch, commercial real estate market, Interest Rates

As the housing market remains tight, experts say real estate fraud has spiked in the US

Sun, 03/26/2023 - 08:15

real estate — AP Photo/Reed Saxon

Markets, MI Exclusive, us housing market, mortgage rates, 30-year fixed mortgage rate, us home sales, housing demand

Home prices in February posted their first annual decline in a decade

Tue, 03/21/2023 - 13:33

Home prices — (Photo by Joe Raedle/Getty Images)

Markets, MI Exclusive, us housing market, us home prices, mortgage rates, 30-year fixed mortgage rate, fed interest rates

US home prices are heading for a further drop this year even though mortgages are getting cheaper, a housing market expert says

Sun, 02/12/2023 - 06:30

Home prices — Home prices could fall by a further 9% this year despite a pullback in mortgage rates, according to Jeff Taylor.
(Photo by Joe Raedle/Getty Images)

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