Severe US housing downturn 'possible,' with prices falling 10%-15% over multi-year period, report says
In the case of “a more pronounced” U.S. housing downturn, Fitch analysts predicted that home prices could fall 10% to 15% in the next few years.
Here are the 10 'hottest' ZIP codes for home buyers in America
Many of 2022’s “hottest” ZIP codes are in the U.S. northeast, while the Midwest and South each managed to snag a spot, according to the report. Did yours make the list?
Median U.S. home price exceeds $400K for 1st time, report finds
Home prices are continuing to climb, based on newly released data from the National Association of Realtors. Here are some of the most expensive cities to live.
Here’s how much the average 1-bedroom, 2-bedroom rent is in America
Nationwide rent prices continued to climb in August 2022, according to a new report. Here’s a look at how much renters are paying on average this month, and when the market could level off.
This is how much you need to make per hour to afford housing in your state, study finds
A new study reveals that rent costs are rising while hourly wages for workers are not keeping pace, making it tough for many to find adequate housing.
FTC says Opendoor must pay $62 million after cheating home sellers
The Federal Trade Commission says online homebuyer Opendoor must pay $62 million to settle charges that it cheated homesellers out of thousands of dollars.
Here are the 10 cheapest US cities for renters in 2022
Rents in many U.S. cities continue to remain high, particularly along the coasts. But renters in the heartland are enjoying more affordable prices, as well as some areas of the South.
Here are the 10 most expensive US cities for renters in 2022
The price of rent increased across the U.S. between 2021 and 2022, but many of the cities with the highest rent are in western or southern states, according to Rent.com.
Certain California, Florida, Arizona housing markets most susceptible to downturn in a recession
Places where people have high debt compared to income and home equity are vulnerable.
US new home sales drop to lowest level in 2 years
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
These are the top 7 US cities homebuyers are trying to leave
A new report from Redfin reveals more potential homebuyers are willing to relocate if that means finding more affordable homes.
Colorado, Utah, Idaho metros had biggest share of sellers dropping home prices in June
Boise had the most sellers drop their asking prices. Denver and Salt Lake City were next as fears of inflation and recession rise.
These states had the biggest share of sellers dropping home prices
In one city, home prices are down more than 60%.
Despite high rent, it’s still cheaper than buying a home – except in these cities
Rents are up 14.1% over the same time last year — they’ve hit record levels every month for the past 16 months.
Confidence of US home builders plunges in July as rising costs slow sales
U.S. homebuilder confidence for single-family homes posted its seventh straight monthly decline in July, another sign of a weakening housing market.
Michigan auctioning off thousands of acres across the state, includes lakefront and UP land
Some land up for sale is hundred of acres big. Others fall on both sides of the Sturgeon River in the UP where the only access is by boat. Here's what else is available.
What does a possible recession mean for people thinking about buying a house?
FOX 5 real estate expert John Adams says he believes that the United States is in a recession right now, but he's describing this as a recession with a small “R."
Selling a home: Front door color matters, Zillow data says
"This research shows how seemingly minor home improvements can make a big difference in the way a potential buyer views and values a home," Zillow said.
NYC apartment of Hollywood legend Greta Garbo hits market for $7.25M: ‘Cinematic views'
The home that belonged to Hollywood icon Great Garbo for nearly 40 years still drips with old Hollywood flare and measures 3,293 square feet.
How to get creative when buying a home in Atlanta
John Adams will be here for the next hour to answer all your real estate questions on our FOX 5 Atlanta Facebook page. He is happy to field all real estate questions, not just those related to today’s topic.