Airbnb launches first hosting platform for apartment tenants

Airbnb is partnering with several major landlords and management companies to list designated apartment buildings where renters are allowed to offer short-term sublets on the site. The company said We...

Mortgage Demand Down Up To 88% From This Time Last Year

Nov. 17. (AP Photo/Nam Y. Huh) Copyright 2022 The Associated Press. All rights reserved. Key Takeaways Mortgage refinance applications are down 88% since this time last year, with new mortgage applica...

Mortgage demand rises as interest rates decline slightly

A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight d...

Investor home purchases drop 30% as price gains slow

Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Home sales have dropped for nine straight months, driven by surging mortgage rates...

What is ‘Zombie Debt?’ Why homeowners are facing foreclosure on old mortgages.

Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete,...

How to afford a mortgage as interest rates and home prices rise

It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “ty...

Home sales fell for ninth straight month in October

A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home sales declined for the ninth straight month in October,...

Rent growth slows to the lowest level in 18 months

A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starti...

Home Depot and Lowe’s are booming in a housing market bust

A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-driven highs, home...

Homebuilder sentiment drops to a decade low

Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Imag...

Sharp drop in mortgage rates does little to boost demand

A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA. Brian Van Der Brug | Los Angeles Times | Getty Images Mortgage application volume rose 2.7% last w...

The FHFA’s New Fee Policy Will Place Even More Upward Pressure On Home Prices

UNITED STATES – JANUARY 13: Sandra L. Thompson, nominee to serve as the director of the Federal … [+] Housing Finance Agency (FHFA), testifies during her Senate Banking, Housing, and Urban...

Mortgage rates fall sharply to under 7% after inflation eases

A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates fell sharply Thursday after a government re...

Weekly mortgage demand flattens, as interest rates climb even higher

A man enters a Bank of America branch in New York. Scott Mlyn | CNBC Mortgage rates rose again last week, throwing even more cold water on demand from both current homeowners and potential homebuyers....

Homeowners have lost over $1 trillion in equity since May

A home awaits sale at a reduced asking price in Glendale, California. David McNew | Getty Images The historic run-up in home prices during the first two years of the pandemic gave homeowners record am...

Consumer confidence in housing hits new low, says Fannie Mae

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Rising mortgage rates, high home prices and...

2008 all over again? BofA is offering zero-down-payment, zero-closing cost mortgages for minority communities — here’s what you need to know about the program

2008 all over again? BofA is offering zero-down-payment, zero-closing cost mortgages for minority communities — here’s what you need to know about the program A major American bank’s new p...

House hunting this weekend? There’s more out there now

A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images After more than two years of a historically lean housing market...

Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse

Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank h...

Mortgage demand falls even as rates slip from recent highs

Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dro...

With new mortgages down 55%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008?

With new mortgages down 55%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008? The real estate market just can’t catch a break, with invent...

Homebuilders say steeper downturn is coming as buyers pull back

A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarm...

Pending home sales fell 10% in September from August

A Coldwell Banker “Under Contract” sign stands outside a property in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Pending home sales, a measure of signed contracts on existing...

How much money you actually need for a home down payment

nd3000 | iStock | Getty Images Despite signs of a cooling housing market, home prices are still relatively high, resulting in bigger down payments.  Over the past year, average down payments in the co...

Mortgage demand from homebuyers is nearly half what it was in 2021

A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images Mortgage demand fell last week to nearly half what it was...

Home prices cooled at a record pace in August, S&P Case-Shiller says

House for Sale by Owner, Forest Hills, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Home prices are still higher than they were a year ago, but gains are shrinking...

Existing home sales fall to a 10-year low in September

Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Imag...

Here’s what the Wells Fargo cross selling scandal means for the bank

Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...

Multigenerational Hispanic households feel rising economic pressure

Juan Espinoza, far left, with his family. A combination of rising interest rates, high home values and limited inventory has been squeezing prospective homebuyers — and perhaps few know that as well a...

Homebuilder sentiment drops to half of what it was six months ago

A worker stands on the roof of a home under construction at a new housing development in San Rafael, California. Getty Images Homebuilder sentiment in the single-family home market has fallen to half ...

‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices

Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, -7.03% on the property mark...

Moon Mortgage lands $3.5M investment to provide crypto-collateralized mortgages

Investors and prospective home buyers will soon be able to take out crypto-backed mortgages to buy real estate in the U.S. Moon Mortgage, a cryptocurrency lending platform, has raised a $3.5 million s...