Home equity an underutilized key to retirement readiness, Point says

A new analysis from home equity financial platform Point reveals that many homeowners overlook equity as a valuable financial resource — despite it being a significant part of their net worth. Continue reading

Housing costs force Americans earning less than $50K to sacrifice

Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat. Continue reading

Choosing these paint shades could cost homesellers thousands

While a new coat of paint can transform a home, it can also work against you if the colors don’t resonate with potential buyers. According to a report from Fixr, the 2024 paint color trends are in, and listing agents are weighing in on how certain hues… Continue reading

Hawaii homeowner sued after house collapses into the ocean

A Hawaii homeowner finds himself in hot water after his oceanfront home on Oahu’s North Shore collapsed into the ocean. Now the state is demanding he cover the cleanup costs. Continue reading

Mortgage payments cheaper than rent in nearly half of all US metros

Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday. Continue reading

Nearly half of NYC’s out-of-state buyers come from these locations

Living in New York City remains undeniably expensive, with sale prices in some neighborhoods reaching $7.5 million, yet out-of-state buyers are still drawn to the city, according to “The New York Times.” Continue reading

US homebuyer down payments reach new record, outpace prices

According to Redfin, the typical U.S. homebuyer’s down payment hit the highest level in over a decade, at 18.6 percent of the purchase price in June, up from 15 percent the previous year. Continue reading

Rescuing the American Dream through smart tax incentives

Industry veteran Alex Perriello says that to fix the affordability problem in America, agents need to get involved, and smart tax incentives need to be offered. Continue reading

Teacher rental affordability remains below pre-pandemic levels

Teachers can now afford 47.9 percent of rental apartments within commuting distance of their schools, an increase from 40.7 percent the previous year, Redfin reported on Wednesday. Continue reading

‘Hidden’ homeownership costs locking potential buyers in place

Households have deferred moving, partially due to high “hidden” homeownership costs such as property taxes, insurance and climate change, according to a report. Continue reading