Maskot | Maskot | Getty Images Renters should reap the benefits of a lower-cost rental market while they can. It might not last, experts say. As of December, the median asking rent price in the U.S. was $1,695, down 0.5% — or $8 — from November, according to a report by Realtor.com. The latest rent price
Month: February 2025
The cost to own a home is up in nearly 90% of cities across the United States, a new study found. Homeownership costs rose in 201 — or 89% — of 226 measured metro markets in the 2024 fourth quarter, compared with the same period a year earlier, according to a report by the National
For most Americans, housing is by far the largest monthly expense, claiming the lion’s share of their income—but a handful of cities in the Midwest and the East offer some relief from mortgage burden by leaving more money in homeowners’ pockets. Detroit topped the list of the most undervalued housing markets in the U.S., with the typical homeowner there
A Ferrari-inspired mansion known as Casa Maranello in Delray Beach, Florida, shattered a local record last week when it traded for $50.5 million. Not only was the megadeal the biggest the area has ever seen, but it was also one of the most unusual: The sale included a mansion swap, bespoke furniture, elaborate chandeliers, art,
After a Reddit user posted a photo of his thermostat being “locked up” by his landlord during the winter, readers had one burning question: Is this even legal?! While landlords hold many of the cards when it comes to your rental property, there are lines that they shouldn’t cross, according to legal and real estate experts who
Homebuyers are seeing very little reason to get a jump on the all-important spring housing market, even with more listings coming up for sale. Mortgage rates haven’t moved much in the last few weeks, and home prices continue to rise. Mortgage applications to purchase a home last week dropped 4%, compared with the previous week,
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices. Now tariffs on building materials are adding even more pressure. Roughly 30% of softwood lumber consumed in the U.S. is imported, largely from Canada. Wallboard, known as
Florida condominium owners are begging for relief after a new building safety law passed in the aftermath of the deadly Surfside collapse burdened them with staggering fees — and one lawmaker is warning that it could trigger the “next wave of homeless people.” The issue of condo safety has become a lightning rod in Florida since Senate Bill
Vesnaandjic | E+ | Getty Images The cost to rent is coming down faster in some areas of the U.S. than others. Overall, rent affordability is improving thanks to a combination of factors, said Daryl Fairweather, chief economist at Redfin. One is, there’s more supply. “There are more apartments for rent now because there was
Forget the old, rickety backyard doghouses of yesteryear. Dogs these days are getting decked-out bedrooms of their very own! 30-year-old Elizabeth Lang recently moved to Nashville, TN, and knew she wanted to turn one of her empty rooms into a blinged-out bedroom for her golden retriever, Pearl. Lang told Newsweek she spent $1,000 on the supplies, paint, and decorations to
Homes burn above Pacific Coast Highway during the Palisades Fire on Jan. 8, 2025, in Pacific Palisades, Calif. Photo by Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images Alicia Kalvin awoke the morning of Jan. 7 to an urgent text from a friend: “There’s a fire on your street.” She hurried outside, alarmed to see
Remains of Karen Bagnard’s Altadena, California, house after it burned in the January 2025 Los Angeles-area wildfires. Courtesy: Chelsea On the night of Jan. 7, Karen Bagnard sat in her Altadena, California, house in the dark. Forceful winds had caused her home to lose power, and she also had no running water, save for one
Vgajic | E+ | Getty Images If you’re a renter, the market may be shifting in your favor. As of December, the median asking rent price in the U.S. was $1,695, down 0.5% — or $8 — from November, according to a new report by Realtor.com. The latest rent price is 1.1% lower — or
Villagers have said they’re fighting a “David and Goliath” battle against a billionaire entrepreneur’s plan to create a huge $37,200-a-night wedding venue on their doorstep. Residents in Huntingfield, Suffolk, which has a population of just 150, claim the “all singing, all dancing”‘ entertainment center, which could hold 288 people, will destroy their rural idyll. The