News

San Jose announces tiny homes initiative to house city’s homeless

San Jose’s city council has approved a number of new “tiny home villages” that will provide housing for homeless residents…

13 hours ago

JPMorganChase cuts hundreds of mortgage staff as business dwindles

JPMorganChase has said it’s cutting jobs in its mortgage lending business amid tightening monetary policy that has seen mortgage rates…

2 days ago

Pending home sales rose in May, but economists say it’s just a blip

Pending home sales increased in May, breaking a streak of six successive monthly declines, but the National Association of Realtors…

3 days ago

Home affordability crumbles, causing demand to finally pull back

Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since…

7 days ago

Existing home sales fell in May as rising rents and low supply weigh on affordability

Existing home sales declined again in May, falling by 3.4% to a seasonally adjusted annualized rate of 5.41 million units,…

1 week ago

Notarize makes a quarter of its staff redundant

Just days after two of the industry’s biggest online brokers announced job cuts, the remote online notarization firm Notarize has…

2 weeks ago

Homeowners are delaying home maintenance projects

Rising inflation means that more homeowners are delaying home improvement and maintenance projects, but experts warn that it may not…

2 weeks ago

Affluent millennials delay buying homes and cars amid rising inflation

Younger millionaires are feeling the brunt of higher inflation and have temporarily shelved plans to buy homes and cars. CNBC’s…

2 weeks ago

Fed’s aggressive rate hike to reduce housing market buyer pool, economist says

The Federal Reserve just announced its largest interest rate increase since 1994 and the move is expected to have a…

2 weeks ago

Compass and Redfin announce employee layoffs as housing sales crumble

The real estate brokerages Compass and Redfin have rocked the industry with the news they’re laying off some employees amid…

2 weeks ago