Dec 15 Is the 30% rule for rent still relevant? Here's what experts think By Hannah Grabenstein For most "everyday people," the 30% rule remains useful, but it comes with several caveats, experts say. Continue reading
Nov 29 Watch 5:42 Millions of full-time workers are struggling to afford a place to live. Here's why By Ali Rogin, Andrew Corkery The skyrocketing cost of living has left millions of people struggling to afford a place to live despite working at full-time jobs or a number of part-time jobs. Journalist Brian Goldstone, author of “There Is No Place for Us: Working… Continue watching
Nov 13 Average long-term mortgage rate edges higher to 6.24% By Alex Veiga, Associated Press The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, hovering near its low point so far this year. Continue reading
Oct 23 Average long-term mortgage rate drops to lowest level in more than a year By Alex Veiga, Associated Press The average rate on a 30-year U.S. mortgage fell again this week, dropping to its lowest level in more than a year. Continue reading
Sep 28 Watch 4:59 Why renters are increasingly outnumbering homeowners in the suburbs of major cities By John Yang, Andrew Corkery As the cost of homeownership soars across the country, renting has emerged as an increasingly popular alternative — not just in cities, but in suburbs, too. John Yang speaks with Doug Ressler, manager of business intelligence at Yardi Matrix, to… Continue watching
Aug 21 Watch 5:46 Home sales went up in July, offering momentum to a struggling market By Geoff Bennett, Azhar Merchant The housing market showed signs of life in July, with existing home sales increasing by 2% from the previous month. It's offering a bit of momentum to a market that’s been struggling. Geoff Bennett discussed the numbers with Daryl Fairweather,… Continue watching
Mar 12 Affordable housing threatened as Trump halts $1 billion program to extend life of aging buildings By Jesse Bedayn, Associated Press/ Report for America The Trump administration is halting a $1 billion program that helps preserve affordable housing, threatening projects that keep tens of thousands of units livable for low-income Americans, according to a document obtained by The Associated Press. Continue reading
Feb 20 What experts are forecasting for renters and homebuyers this year By Kenichi Serino Stubbornly high mortgage rates, rising rents and a lack of affordable housing have contributed to fewer home sales and rising homelessness for the past three years. 2025 might not look much different, experts say. Continue reading
Dec 27 U.S. homelessness rose 18 percent in 2024, continuing multi-year upward trend By Michael Casey, Associated Press The United States saw an 18.1 percent increase in homelessness this year, a dramatic rise driven mostly by a lack of affordable housing as well as devastating natural disasters and a surge of migrants in several parts of the country, federal officials said… Continue reading
Dec 16 Fed's rate cuts likely to slow with inflation pressures still elevated By Christopher Rugaber, Associated Press Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. Continue reading