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 […]

Things You Need to Know About A Home Warranty



If you’re purchasing your first home, you’ve likely heard about home warranties during your research process. With so many other new components to learn along the way, you may think that it’s best to wait until after you’re situated in your new home to get a warranty. This isn’t the case. It’s time to learn […]

Split-level homes are enjoying a mini-renaissance



Split-level homes that feature rooms on multiple floors were all the rage in the 1970s, and though they’re not nearly as popular today, they do seem to be making a comeback. That’s according to an analysis of data from Google, which shows that searches for split-level homes have been increasing since 2004, reaching an all-time […]

Unconventional loans grow in popularity



With home prices on the rise, a growing number of buyers are turning to unconventional types of loans to finance their purchases, especially in some western southern markets. Unconventional financing now accounts for around 28% of the new home build market, according to a new analysis of U.S. Census Bureau data by the National Association […]

Housing starts decline, but builders say they’re okay with it



Housing starts fell by a fairly alarming 9.4% in September to a seasonally adjusted rate of 1.26 million units, according to new data from the Commerce Department. The multifamily sector, which includes apartments and condos, saw new starts fall by 28.2% to just 338,000. Single-family home starts were up 0.3% to 918,000 units. The decline […]

California looks to convert empty garages into living spaces



A number of U.S. states are considering easing zoning requirements to allow for more accessory dwelling units to be built as a way of relieving chronic housing shortages, the New York Times reported. California, which faces a massive housing shortage, is actively pursuing the idea of freeing up more space for so-called ADUs, otherwise known […]

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. […]

Young adults flee big cities for small town life



Young adults are increasingly leaving bigger cities behind and setting up home in smaller towns, according to an analysis of data from the U.S. Census Bureau. The Wall Street Journal reports that an average of 30,000 people aged between 25 and 29 have departed from big cities each year since 2014. In addition, smaller cities […]

Doorstead wants to expand iBuying to the rental market



The iBuying model has become increasingly popular among homeowners looking for a quick sale of their property, and now a new startup is hoping to bring the concept to rentals as well. Doorstead is pitching the idea of “iRenting”, offering to act as a property manager for landlords who own single-family rentals. The company offers […]

As Americans face longer commute times, more are working from home



American consumers are spending more time traveling to work, with the average one-way commute time rising to just over 27 minutes in 2018, a new record high according to data from the U.S. Census Bureau. The data shows that the average U.S. citizen spends around two more minutes commuting to work than they did back […]