Once again, Newark is named the worst city in the US to get stoned

The Gateway City once again ranked dead last in an annual ranking of the best cities for pot lovers, falling below Bridgeport, Connecticut, according to Lawnstarter in observance of 4/20. Continue reading

‘My phone is ringing’: Homebuyer demand soars to 9-month high

Mortgage applications increased 2 percent from a week earlier, marking the fourth week of increases, while purchase applications rose 19 percent from a month earlier, according to data released Friday by Redfin. Continue reading

58 cities that had million-dollar homes in 2022 don’t anymore: Study

The number of U.S. cities where the typical home value was $1 million or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Continue reading

Appraiser ordered to watch exposé on Black homeowners she lowballed

Paul Austin and wife Tenisha Tate-Austin sued appraiser Janette Miller in 2021 after a lowball quote prompted the couple to pose a white friend as the homeowner for a second appraisal. Continue reading

Total market value for US homes drops $2.3T from June: Redfin

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession. Continue reading

Costly housing spurred California’s 500,000-person pandemic exit

The state’s population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents’ primary reason for departure. Continue reading

Single renters pay a nearly $7,000 ‘singles tax’ to live alone: Zillow

The “tax” varies widely depending on the market with renters in expensive markets, such as New York City paying up to $19,500 more in rent annually. Continue reading

Homebuyer dollar stretching further as rates drop: Zillow

As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment. Continue reading

Most expensive home listed in San Francisco takes $5.5M price cut

A mansion in the Presidio Heights neighborhood that had its price slashed to $39.5M is still the most expensive single-family home for sale in the Bay Area city, reports say. Continue reading

Great Reshuffling revived as record number of buyers chase new metros

A record-high 33.7 percent of homebuyers sought to move from one metropolitan area to another in July, up from 32.6 percent in the second quarter of 2022, according to a report from Redfin released on Thursday. Continue reading