House down payments: Highest and lowest averages by city
The average down payment when buying a home in the U.S. is about $56,000 which is 24% more than a year ago.
Housing prices in these states will become 'more affordable,’ Redfin CEO says
The Fed’s handling of rate cuts will play a key role in 2024 housing affordability, but according to one expert, certain U.S. states are already seeing "good" signs.
Officials' assurances over water safety at Jacob Riis Houses doesn't ease residents' concerns
People living at the Jacob Riis Houses on the Lower East Side are still raising concerns about the safety of their water, despite a recent video by Mayor Eric Adams showing him drinking the water and insisting it was fine.
NYC opens first pet-friendly homeless shelter in the Bronx
New York City has opened its first pet-friendly homeless shelter, meaning that people in need of shelter will no longer have to give up their pets to find a place to stay.
When is the best time to list your home for sale? It may be soon, Zillow study finds
According to a new Zillow study, now may be the best time to list your home in these cities.
Queensbridge Houses residents complain over squalid living conditions
A family living in the Queensbridge Houses in Long Island City say they have been afraid to use their kitchen for almost a year because of ongoing issues that have not been fixed, including mold, bad smells and vermin.
Rent continues to increase: Here are regions, states where it’s changed the most
Rent data found the median cost in the U.S. last month to be $1,987. Here's how that number breaks down across the country.
Average long-term US mortgage rate hovers near 7%
The average 30-year fixed loan was 7.08% this week, according to Bankrate’s latest survey of large lenders. Here’s what a monthly mortgage payment at the current rate would look like.
Baltimore sells $1 houses in effort to combat vacant home crisis
Baltimore, Maryland, city officials approved a program that would sell city-owned vacant homes for next to nothing at $1 for some applicable residents.
Who is Daniel Ohebshalom? NYC's 'worst landlord'
Ohebshalom also known as Johnathan Santana (legally) has topped the list and set the record for the most number of violations— twice. He's now doing time at Rikers.
Housing benefits could lure employees back to office, survey shows
Many companies are facing the ongoing dilemma of office versus remote work four years after the pandemic, with a new survey highlighting housing benefits as a potential solution.
Time to sell your home? Here are 3 questions to ask yourself
As someone deeply involved in the real estate industry for decades, I understand that selling your home isn't just a financial transaction; it's a significant life decision.
National Association of Realtors settles $418M lawsuit that will eliminate 6% commission fees
Sellers and buyers will now be able to negotiate commissions with their brokers.
Adams launches tenant protection cabinet for NYC housing: Exclusive
This cabinet will be made up of more than two dozen city agencies for tenants to get the support they need when they are having issues with their housing.
East Harlem tenants sue landlord over 'unbearable' living conditions
Tenants of an apartment building in East Harlem are suing their landlord, alleging that the landlord hasn't made needed repairs to the building and has stolen security deposits from them.
NYC rent rollercoaster hits new record highs in Manhattan, Brooklyn, Queens
Median rents in Manhattan, Brooklyn and northwest Queens have once again hit record-setting highs, up from 2023.
Home buyers need to make $47,000 more than in 2020 to afford a home
A new report from Zillow finds that some people are relying on financial gifts to help cover the cost of a down payment for a home or moving to low-cost cities to find affordable housing.
The two things Biden proposed to shake up the housing market
The president wants to make housing more affordable through a pair of tax credits. Here’s how it works.
Home repair scam artists targeting senior citizens in Queens
Authorities are sounding the alarm over scam artists targeting senior citizens in Queens with promises of home repair that quickly turn into cash grabs.
Rent prices are changing thanks to 'apartment-building boom' – what renters should expect
Rent prices are evolving – potentially for the better – in 2024 thanks to an “apartment-building boom," according to Redfin chief economist Daryl Fairweather. Here’s what renters should know.