real estate

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Report Illustrates How Sharply Home Costs Have Risen

Americans need to earn six figures in 23 states and territories to afford a house

(Newser) - Anxiety over the US housing market's surging prices is summed up succinctly in a new report from Bankrate . They write that since 2020, the number of households needing to earn six figures to afford a home has skyrocketed from seven states and territories to 23 today. The five highest:...

It's Cheaper to Rent Than Buy in Every Big US Metro Area

Realtor.com takes note of the metric in the 50 largest metropolitan areas

(Newser) - It's a housing market milestone: Renting now beats buying in all 50 of the biggest metro areas in the US, a new report by Realtor.com says. Quartz helps break down the findings:
  • Last year, residents in 45 of the biggest 50 metro areas fared better through renting, but
...

Replica Disney Haunted Mansion Up for Grabs

Georgia home based on the plans for the original listed for sale for $2.2M

(Newser) - Disney fans have a shot to live in what is essentially a carbon copy of one of the most popular attractions at Disneyland. It's a replica of the Haunted Mansion, though this mansion can be found on the other side of the country in Duluth, Georgia, a suburb of...

New Realtors' Settlement 'Will Blow Up the Market'

National Association of Realtors agrees to $418M deal that will slash commissions to settle suits

(Newser) - The National Association of Realtors has signed off on a huge deal that some say "will blow up" the housing market. The New York Times has seen a copy of the $418 million settlement that would get rid of the standard 5% or 6% commission fee for real estate...

'World's Most Deeply Indebted Developer' Ordered to Liquidate

China Evergrande has more than $300B in liabilities and can't repay its debts, per judge

(Newser) - A court in Hong Kong on Monday ordered China Evergrande to be liquidated, in a decision that marks a milestone in China's efforts to resolve a property industry crisis that has rattled financial markets and dragged the entire economy down, per the AP . Here's what happened and what...

White House: Sorry, Putin, Alaska Isn't Up for Grabs

Decree signed by Russian president on going after property overseas spurs speculation on 49th state

(Newser) - It's clear that Vladimir Putin has his sights set on absorbing Ukraine back into Russia's fold, but he may also be eyeing a prime piece of property in the US: Alaska. Last week, the Tass news agency reported the Russian president signed a decree that will dole out...

Single Ladies, Celebrate This Homeownership Feat

More single female Americans own homes than single men, per latest research

(Newser) - Women in the US still earn around 82 cents for every dollar earned by men, but when it comes to single ladies owning their own homes, they rule the roost over their single male counterparts. New LendingTree research that examined data from the Census Bureau found that women on their...

Builder Finds Out Why Not to Name Homes After Anne Frank

Or Harriet Tubman, per resurfaced listings that are taking some heat

(Newser) - It's admittedly a challenging job to write compelling real estate copy, in the hopes of inspiring potential customers to buy. One New Mexico homebuilder, however, may have gone a little overboard in its descriptions of two home designs that have "baffled" those who've seen them, per the...

Home Alone 2 Townhouse Has a Hefty Asking Price

It's all yours for $6.7M in New York City

(Newser) - Deep-pocketed fans of Home Alone 2 now have a way to relive the memories: The townhouse in New York City's Upper West Side featured in the sequel is up for sale for $6.7 million, reports NBC New York . The Zillow listing for the four-bedroom residence is quick to...

Famed 'Pulitzer Prize House' Could Be Yours—for $2M

Not one, not 2, but 3 winners of the esteemed prize have lived in this Atlanta 'oasis'

(Newser) - Can literary genius hover around a home like a ghost, ready to be absorbed by the abode's next purchaser? An Atlanta residence that has housed not one, not two, but three Pulitzer Prize winners is now on the market, so a lucky future owner (or owners) is about to...

Boomers Throw a Wrench Into Housing Market

Older buyers have the means to edge out younger buyers in a tough market

(Newser) - With mortgage rates soaring and fewer homes for sale, Baby Boomers are dominating the housing market like a real-life game of Monopoly. The shifts in who is buying homes have been trending in that direction for quite some time, but it was confirmed this month by data released from the...

New Ruling Could Be the End of Realtor Commissions

The fallout may also affect up to 80% of real estate agents' future in the industry

(Newser) - A federal jury's ruling will have a profound effect on the careers of the 1.6 million people who sell homes in the US. Per the Wall Street Journal , the National Association of Realtors (NAR) along with two brokerage groups must pay up after the verdict found them guilty...

Feature of Home for Sale for $1.55M: Meth Contamination

It's on the market in San Jose, California

(Newser) - A recent Zillow survey found 67% of homeowners would be willing to buy a "haunted" house if it was otherwise a good fit. A San Jose, California, real estate agent is likely hoping buyers there are as open-minded about homes with a criminal past. The Los Angeles Times reports...

Majority of Homebuyers OK With 'Haunted' House

Zillow survey finds 67% of potential homebuyers would buy one, if other factors fell into place

(Newser) - Would you buy a "haunted" house if you saw it pop up online ? In this challenging market, the majority of house-hunting Americans say yes, so long as the home was appealing in other important ways. Forbes reports that, per a new survey out from Zillow, 67% of potential...

Boring-Looking Ranch for Sale for $5.5M Is a Famous One
Brady Bunch Fan
Now Owns the Home
updated
Sep 12, 2023 12:44 PM CDT

Brady Bunch Fan Now Owns the Home

Tina Trahan buys the California dwelling for $3.2M

(Newser) - The home made famous by the Brady Bunch has sold for $3.2 million, reports the Wall Street Journal . Fan Tina Trahan, 53, bought the Los Angeles-area property from the HGTV network for well under the $5.5 million asking price, though that asking price was a bit of a...

The Era of the Smaller Home Is Upon Us

Square footage is dropping, as are accompanying home prices, as homebuilders try to attract buyers

(Newser) - With the cost of housing so high these days, it's no wonder that many have given up on the idea of homeownership, at least for the time being. Now, homebuilders appear to have hit on a solution of sorts, at least for those willing to embrace minimalism: erecting smaller...

Every Generation Lost Wealth Last Year—Except One

Millennials defied the odds, and their own reputation

(Newser) - An annual assessment of individuals' wealth by Swiss banking giant UBS found that the US got hit harder than any other nation last year. The Global Wealth Report says the total net worth of Americans dropped by nearly $6 trillion in 2022, with 1.8 million Americans losing their status...

As Mortgages Slow, Zillow Offers 1% Down Payments
Zillow to Offer
1% Down Payments
Aug 25, 2023 3:40 PM CDT

Zillow to Offer 1% Down Payments

Program will begin in Arizona before expanding

(Newser) - With interest rates at their highest point in more than 20 years , Zillow is planning to boost the real estate market by offering offering homebuyers a deal: a down payment of 1%. And Zillow will kick in 2% of that down payment at closing, CBS News reports. The program will...

10 Best and Worst Real-Estate Markets

McKinney, Texas, is tops, with Baltimore last

(Newser) - The housing market has been a volatile arena for a few years now, and WalletHub set out to rank the best places to buy a home in the current state of things. The site used a slew of metrics, including affordability, median appreciation, the number of days homes are typically...

The Stairway Goes Nowhere. He Bought It for $32K

Only in London?

(Newser) - "I don't think I've ever sold a vacant stairwell," longtime auctioneer Christopher Glenn said on Tuesday. That's now changed. A "disused" London stairwell has sold for about $32,000 at auction, the Guardian reports. The four-story stairwell once serviced the then-office building it was...

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