Facebook pledges $1 billion to combat Bay Area housing crisis



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 […]

Cheap mortgage rates bite into already low housing inventories



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. […]

Alternative mortgages providing a back door to homeownership



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 […]

Medical and student debt handicapping Americans’ housing hopes



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 […]

Zillow research finds Americans are moving out on their own later



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 […]

Blackstone Closes Record $20.5B Real-Estate Fund



Blackstone Group Inc. has announced raising the largest-ever real estate fund of $20.5 billion to be invested in property assets around the world.

White House proposes to end conservatorship of Fannie and Freddie



U.S. President Donald Trump’s administration last week put forward several proposals aimed at modernizing the Federal Housing Finance Agency and ending the federal government’s decade-long conservatorship of the government-sponsored enterprises. The proposals came following a demand from President Trump that responsible agencies come up with some meaningful reforms to the system, in order to reduce […]

U.K. PropTech Star Residently Raises £7m in Funding



Residently has raised £7 million in seed funding from Felix Capital, LocalGlobe and A/O PropTech, and original angel funders.

Housing markets will do just fine in a recession, economists say



Consumer fears of a recession are growing, and experts say it could cause some Americans to get skittish about possible knock-on effects on the housing market. One reason for that is many Americans remain haunted by memories of the Great Recession last decade, which caused thousands to lose their homes to foreclosure. But experts say […]

Zillow: Teacher’s starting salaries aren’t enough to pay the rent



Zillow has some rather disturbing news for budding academics that could well persuade them to forge an entirely different career path. It says that “entry-level” teachers will need to spend more than half of their salaries on the typical rent in 19 of the 50 largest U.S. metro areas this school year, according to its […]