Real estate related news.
NEW YORK (AP) — On the 31st floor of what was once a towering office building in downtown Manhattan, construction workers lay down steel bracing for what will soon anchor a host of residential amenities: a catering station, lounge, fire pit and gas grills. The building, empty since 2021, is being converted to 588 market-rate [...]
LOS ANGELES — The spring homebuying season is off to a tepid start as buyers contend with sharply higher mortgage rates and near historic-low inventory of properties on the market. Existing home sales fell 2.4 percent last month from February to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors said [...]
Maybe you had hoped to be in a new home this year but were deterred by high housing prices. Maybe it's just the arrival of spring that's got you looking around your rooms and wanting something fresh. To make the old place feel like a new place, or just an updated place, designers and home [...]
PORTLAND, Ore. — When Gadiel Galvez learned that the owner of his mobile home park south of Seattle was looking to sell, he and other residents worried their largely Latino community would be bulldozed to make way for another Amazon warehouse. So, they decided to form a cooperative and buy their park in Lakewood, Wash. [...]
WAIANAE, Hawaii — Tedorian Gallano would like to buy a house for his wife and three youngest children in Hawaii, but real estate prices soared so high eight years ago he moved his family back to his childhood home outside Honolulu — and last year, his older brother followed suit. Now, eight members from three [...]
Real estate has been a popular investment for a very long time — for those who can afford it. In recent years, however, trends such as house flipping, "house hacking" (living in one room of a property while renting out the others) and short-term vacation rentals have made real estate investment much more accessible, especially [...]
LOS ANGELES — Sales of previously occupied homes surged in February to the fastest pace in six months as homebuyers seized on a modest drop in mortgage rates. The nation's median price also edged lower, its first annual drop since 2012. Existing home sales jumped 14.5 percent last month from January to a seasonally adjusted [...]
Home sales in February increased 14 percent from January, but are down 15.6 percent through the first two months of the year compared to the first two months of 2022, according to new figures from Columbus Realtors. Home sales last month were down 11.5 percent compared to February 2022. “It’s a positive sign to see [...]
The average long-term U.S. mortgage rate rose for the fifth straight week to its highest level since breaching 7 percent in November, just as the spring buying season gets ready to kick off. Mortgage buyer Freddie Mac reported late last week that the average on the benchmark 30-year rate had climbed to 6.73 percent from [...]
LOS ANGELES — The cost of renting an apartment is easing after skyrocketing in recent years, though it remains painfully high for many Americans. The median rent rose 2.4 percent in January from a year earlier to $1,942, the lowest annual increase since June 2021, according to data from Rent, which tracks listings for apartment [...]