Prank? Protest? Graffitied LA high-rise sparks housing crisis debate

A group of graffiti artists tagged Oceanside Plaza, an unfinished downtown LA luxury high-rise located near the site of the 2024 Grammy Awards. The artists haven’t spoken about their motives, but the art has brought attention to the shortage of afforda… Continue reading

How love and politics are impacting homebuyers’ decisions

Although affordability is still the No. 1 factor in most homebuyers’ moves, two surveys from Zillow and Redfin revealed politics and romance also play a role. Continue reading

Federal judges side with plaintiffs in Chinese buyer ban hearing

Two of the four plaintiffs who filed a lawsuit in November against Florida’s foreign buyer ban have been awarded a temporary injunction that allows them to resume stalled transactions. The next step in toppling SB264 is an appeal hearing in April. Continue reading

Sluggish net new listings signal that the lock-in effect is not over

In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023… Continue reading

Homes.com earns top 100 finish on global SEO ranking list

German search engine optimization (SEO) platform SISTRIX ranked portal Homes.com No. 43 on a list of fastest-growing domains in the U.S. The company has been ranking domains for 15 years. Continue reading

Rate drop leads to 3rd consecutive month of listing gains

Active and new listings experienced single-digit increases for the third consecutive month in January, according to Realtor.com’s latest market report. The boost in listings also brought buyers out, leading to a four-day decrease in the median days on… Continue reading

Record-breaking NYC townhouse sale goes to mystery buyer

A mystery couple has bought Greenwich Village’s most expensive townhouse for $72.5 million, surpassing the previous record by $14.3 million. The 12,000-square-foot property was sold off-market, with the buyers planning to use it as a pied-à-terre. Continue reading

Chase Home Lending increases homebuyer grant to $7,500

Chase has increased its grant to $7,500 in 8,500 of the 15,000 communities in its minority homebuyer program. The bank also removed the income requirement for its 3 percent down DreaMaker mortgage. Continue reading

Sale-leaseback model is key to saving US homeownership: Study

Volatile interest rates have trapped over 9 million homeowners from accessing their home equity, with limited refinancing or loan options. The white paper proposes sale-leaseback, highlighting EasyKnock’s Sell & Stay program as a flexible solution… Continue reading

Homebuyer purchasing power rises by $40K since October rate surge

A buyer with a monthly budget of $3,000 can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8 percent, according to Redfin. Continue reading