The average renter in 11 major U.S. markets needs to earn a six-figure annual salary in order to avoid being considered as rent burdened. Consumers are considered rent-burdened if they spend 30% or more of their incomes on rent. To avoid being rent-burdened, the...
Kyle Busch has generated a NASCAR career full of triumphs, and now he is seeking to expand his winning streak to real estate with the listing of his Denver, North Carolina-based mansion for $12.99 million. Busch’s 1.38-acre lakefront property features a...
New listings have become the housing market’s equivalent of an endangered species, as data report from Redfin (NASDAQ:RDFN) has determined new listings were down 25% year-over-year as of the four weeks ending June 4 – the lowest level of any early June on record....
U.S. homeowners with mortgages saw their home equity decline by 0.7% year-over-year during the first quarter of the year, according to new data from CoreLogic. This represented a collective loss of $108.4 billion and an average loss of $5,400 per borrower from one...
Middle-income homebuyers can only afford less than one-quarter (23%) of properties currently being listed, according to new data from the National Association of Realtors (NAR). Working under the definition of a middle-income buyer as a household earning up to...
In the wake of the pandemic, one word has remained top of mind for the Federal Reserve: inflation. While headline PCE inflation has come down from its peak of 7% last year, it is still running at 5% year-over-year — way above the Fed’s long-run target of 2% annually....
