More luxury homebuyers paying with cash this year, report says
Rich homebuyers are making more all-cash purchases of luxury homes this year, according to a recently-released report from Coldwell Banker Real Estate.
Major housing markets finally rebounding as buyers gain upper hand in unexpected cities
Home inventory in a number of major metropolitan areas have hit levels higher than they were before the COVID-19 pandemic, a new report from Realtor.com found.
Iconic LA movie studio goes up for sale with a price tag of $45 million
A well-known Los Angeles film studio lot, Occidental Studios, has gone up for grabs with an $45 million asking price. It has been around since 1913.
The American dream slips further away as younger adults retreat to parents' homes
Real estate expert Mauricio Umansky explains how the American dream of homeownership is delayed by affordability issues. Households are spending 44.6% of income on homes.
Florida commercial real estate boom fueled by financial and tech executives relocating since pandemic
Florida's retail boom reflects migration of wealthy residents since 2020, with Palm Beach County adding 90,000 new residents and transforming from resort to year-round city.
US regulator directs Fannie Mae, Freddie Mac to consider cryptocurrency as an asset
FHFA instructed Fannie Mae and Freddie Mac to prepare proposals for including cryptocurrency as an asset for mortgage reserves without converting to U.S. dollars.
FOX Business Briefs 6/25
More homeowners find themselves underwater; mortgage rates rose slightly; FedEx expects its business to take a hit because of tariffs on imports from China; gas prices are down for the summer driving season.
Housing crisis deepens as 47 major metro areas now require homebuyers to spend more than 30% of income
Affordability in just three of the U.S.'s 50 top metro areas is such that households that make the median income can scoop up a home that won’t go above 30% of their earnings, Realtor.com found.
Top five buyer-friendly housing markets offer price cuts and increased inventory
Realtor.com reported Monday that a handful of cities stood out in May as being the most "buyer-friendly," offering both ample inventory and plenty of homes that have slashed their prices.
Real estate company Compass sues Zillow over consumers 'right to choose'
Real estate brokerage Compass sues Zillow for allegedly abusing monopoly power, claiming platform restrictions on listings violate antitrust laws.
Kentucky city lures remote workers with cash and perks in bold population growth strategy
Paducah, a city in western Kentucky, is trying to entice remote workers through a relocation program offering financial incentives.
Dave Portnoy slams blue state’s proposed 'Taylor Swift tax' targeting luxury homeowners
Dave Portnoy weighs in on Rhode Island's potential new tax law nicknamed the 'Taylor Swift tax,' that could cost wealthy homeowners an extra $136,000.
Wyoming's secret weapon in the battle for wealthy homebuyers is working
Wyoming's lack of income tax and the permissibility of dynasty trusts have provided major appeal to residents and homebuyers with deep pockets over the years, Realtor.com reported.
Americans are being 'hurt' by Fed Chair Jerome Powell, Bill Pulte argues
Federal Housing Finance Agency Director Bill Pulte calls for Jerome Powell to resign, reacts to Fannie Mae and Freddie Mac potentially going public and weighs in on investigations into N.Y. AG's Letitia James' real estate dealings.
Controversial blue-state tax takes aim at wealthy homeowners
Barstool Sports founder Dave Portnoy warns against Rhode Island’s potential property tax that would target second luxury homes on ‘Varney & Co.’
Bethenny Frankel sells her Connecticut mansion for nearly $8M after major renovation
Businesswoman and former "Real Housewives of New York" star Bethenny Frankel has parted ways with the $7.8 million home she owned in Connecticut.
Small real estate investors reach record market share, now dominate 59% of investor purchases
Small real estate investors saw their foothold increase last year, with them making 59% of all investor home purchases in 2024, according to Realtor.com.
Real estate giants crack down on exclusive 'off-market' home listings in major shift for buyers
Zillow and Redfin are taking aim at listings for homes that have been publicly marketed prior to being entered into the MLS, taking steps to bar them from their respective platforms.
Home sellers face harsh new reality as listings hit record $698B value
A growing gap between sellers and buyers in the housing market indicates a coming shift as inventory in the U.S. reaches its highest level in five years.
The new Palm Beach? Jupiter, FL, is drawing luxury homebuyers
The South Florida town of Jupiter has become an increasingly popular place for wealthy individuals to buy homes in recent years, according to real estate experts.