Starter homes in June are now 1.5% more affordable than they were a year ago based on the borrower’s income, continuing a trend that began last November, Redfin said. But rising mortgage rates have narrowed the gap. Processing Content By comparison, in January, the income needed to afford one of these homes was 5.3% lower […]
Starter homes more affordable, but rising rates give pause Read More »
The Iran War and deteriorating housing market conditions are contributing to a steep dive in sentiment among real estate investors this summer, with almost one-third suspending purchases in 2026, according to a new report. Processing Content Only 26% of investors believe current conditions show improvement on a year-over-year basis, which is the lowest share on
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Zillow is laying off hundreds of employees as part of its growth strategy, CEO Jeremy Wacksman announced Tuesday. Processing Content More than 500 Zillow employees, or about 7% of its workforce, were let go, one of the steepest staff cuts in company history, behind a 25% slice following the end of its Zillow Offers service
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