RealtyBizNews: Real Estate News

Facebook is the latest big tech company to pledge money to address the shortage of affordable housing affecting the communities its workers live in. The company says it’s committing $1 billion towards a variety of initiatives meant to tackle the problem, following similar pledges by Google and Microsoft. The initiatives come at a time when… [Continue Reading]

More home buyers are being tempted onto the market by the incredibly low mortgage rates being offered, but they’re becoming increasingly frustrated at the limited choice of homes for sale. The combination of an unseasonable surge in buyer demand and reduced housing inventories, there simply aren’t enough homes to satisfy everyone who’s looking, CNBC reported.… [Continue Reading]

Consumers with bad credit ratings are increasingly taking advantage of alternative mortgage products that allow them to buy a home without a huge down payment, often through lease-to-own contracts. But borrowers still need a steady income to qualify for these products, the Wall Street Journal reported. One example is a company called Divvy Homes, which… [Continue Reading]

Aspiring home buyers with medical debt are more likely than others to be denied a mortgage, while those with student loan debt more often put off buying. That’s according to the 4th annual Zillow Group Report on Consumer Housing Trends, released today. Personal debt – particularly credit card, student loan and medical – tremendously impacts… [Continue Reading]

Finishing school, joining the workforce and moving out on your own is a rite of passage for many young people. Today’s young adults are taking longer to make this transition, and doing it less often overall than previous generations, according to a new Zillow analysis. In 1980, 1990 and 2000, the tipping point age at… [Continue Reading]