Latest Residential real estate News

Average long-term U.S. mortgage rates ease to 5.7%

Jun. 30, 2022 10:18 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates eased back this week after shooting up nearly three-quarters of a point in recent weeks. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell to 5.70% this week from 5.81% last week. One year ago, however,...

Airbnb makes global party ban permanent, saying it works

Jun. 28, 2022 11:01 AM EDT

SAN FRANCISCO (AP) — Airbnb is making permanent its ban on parties at homes listed on the site for short-term rentals. The San Francisco company believes the ban has worked, saying Tuesday that reports of parties at listed properties have dropped 44% from a year...

Chattanooga homeless hospice center opens cancer home

Jun. 26, 2022 13:07 PM EDT

CHATTANOOGA, Tenn. (AP) — Welcome Home of Chattanooga, a nonprofit organization that provides hospice care to the homeless, has opened a cancer respite home to provide shelter to homeless people receiving cancer treatment. “We recognized that we were caring for people who were...

Houston man gets life in prison after fatally shooting 3 men

Jun. 26, 2022 12:42 PM EDT

HOUSTON (AP) — A Houston man has been sentenced to life in prison for shooting four men, including three who were killed, in the aftermath of a drug deal gone bad, according to prosecutors. A jury in Harris County last week found Joshua Kelsey, 37, guilty of three counts of murder...

With new owners, Florida Project motel dwellers must leave

Jun. 25, 2022 12:37 PM EDT

KISSIMMEE, Fla. (AP) — Residents at a motel along a tourist strip not far from Walt Disney World that was used as the setting for the 2017 film “The Florida Project" were told that they must vacate on short notice because the complex has been sold to another owner. Residents of...

Entrepreneur brings “tiny,” affordable rentals to MS

Jun. 25, 2022 01:11 AM EDT

OXFORD, Miss. (AP) — Housing is a stressful situation for many residents in Oxford and Lafayette County. Many people can attest to the fact that it is hard to find an affordable place to live without moving out of the city or into the next town, but local entrepreneur Josh McGlawn...

Arizona lawmakers push final bills as adjournment looms

Jun. 24, 2022 00:55 AM EDT

PHOENIX (AP) — The Arizona Legislature was moving Thursday night to vote on a flurry of bills lawmakers need to clear off their desks so they can adjourn for the year. Waiting in the wings for Friday's expected last day of the session was one of the most contentious bills of the...

Average long-term US mortgage rates inch up to 5.81%

Jun. 23, 2022 11:00 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates inched up this week following last week's mammoth jump, the biggest in 35 years. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked up to 5.81% this week, from last week's 5.78%. Last week's average —...

House approves ban on city home, apartment rental taxes

Jun. 22, 2022 20:39 PM EDT

PHOENIX (AP) — The Arizona House on Wednesday approved a ban on cities and towns levying taxes on rent for apartments and homes, a move that will save renters but cost municipalities about $200 million a year. The measure has support from Republican Senate President Karen Fann,...

May heat wave deaths prompt new cooling rules in Chicago

Jun. 22, 2022 16:31 PM EDT

CHICAGO (AP) — A month after three women were found dead inside their stifling hot apartments at a Chicago senior housing facility, the City Council on Wednesday passed new cooling requirements for residential buildings. Under the rules approved by the Council's Zoning Committee...