2+ week, 3+ day ago   (656+ words) By Paulina Cachero, Bloomberg The fast-rising costs of owning a home have some young Americans questioning whether buying a house is still a good investment. Take Tony Zhang, 34, who bought a $950,000 townhouse in Irvine, California in 2021 and says he now…...

2+ mon, 1+ week ago   (715+ words) Many Bay Area homebuyers with low and moderate incomes are eligible for thousands of dollars in mortgage help from Wells Fargo, after the bank agreed to set up a $100 million fund to settle claims that it harmed investors by conducting…...

2+ mon, 3+ week ago   (29+ words) How is that possible, especially as people are still coping with still high overall prices and now, surging costs for gas?...

4+ mon, 10+ hour ago   (369+ words) But new data show that these outlying homes are not truly affordable to most homebuyers when considering all consumer costs. We need policymakers to focus on policies and incentives that encourage the lowest-cost options when considering all costs to homeowners....

4+ mon, 1+ week ago   (536+ words) The higher the home price, the more likely an adjustable-rate mortgage is used. My trusty spreadsheet found another symbol of housing affordability pressures when it peeked at Cotality stats tracking the share of variable-rate mortgages. The yearly stats, dating back…...

4+ mon, 2+ week ago   (424+ words) Last week, the average for 30-year fixed mortgage rates dropped below 6% for the first time in 3½ years. Freddie Mac reported that as of Feb. 26, the 30-year rate was 5.98%, down from 6.76% a year ago, and significantly lower than the recent peak…...

5+ mon, 2+ day ago   (385+ words) There’s very little flashy about San Jose Stage’s production of “The Lehman Trilogy.” Three actors take the audience through a narrative that crosses the three-hour threshold. Yet it’s our fascination with one of this country’s most negatively associated names that…...

6+ mon, 6+ day ago   (547+ words) By Katy O’Donnell and Hadriana Lowenkron, Bloomberg President Donald Trump signed an executive order Tuesday seeking to advance his effort to ban large institutional investors from buying single-family homes, before a trip to the World Economic Forum in Davos where…...

6+ mon, 1+ week ago   (406+ words) My trusty spreadsheet reviewed homebuying affordability data from Attom, which tracks the typical house hunter’s financial challenges dating to 2005 in 36 California counties. By comparing home values, mortgage rates and household incomes, Attom determined the share of income devoured by a…...

6+ mon, 1+ week ago   (405+ words) U.S. sales of previously owned homes climbed in December to the fastest pace since 2023, a welcome sign for a housing market that has lacked momentum for several years. Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since…...