Latest Residential real estate News

Japan's weaker yen a blessing to some, burden for others

May. 24, 2022 23:59 PM EDT

TOKYO (AP) — The Japanese yen has weakened, trading in recent weeks at 20-year lows of 130 yen to the U.S. dollar just when prices of oil and other goods are surging partly due to the war in Ukraine. The yen's value against the U.S. dollar and other currencies has fallen mainly...

Re/Max CEO: Home prices can't keep up double-digit gains

May. 23, 2022 09:32 AM EDT

LOS ANGELES (AP) — The U.S. housing market is slowing as would-be buyers struggle with rising borrowing costs and a persistent shortage of properties for sale. Previously occupied home sales fell in February and March as mortgage rates shot up, crimping homebuyers’ purchasing...

Tornado touches down briefly in NJ; no injuries reported

May. 22, 2022 10:35 AM EDT

HAZLET, N.J. (AP) — Weather authorities say a tornado touched down briefly last week in New Jersey and crossed the Garden State Parkway while moving from one residential area to another, but no injuries were reported. The National Weather Service office in Mount Holly says the EF-0...

Startups push into Tampa Bay’s competitive housing market

May. 22, 2022 03:11 AM EDT

TAMPA, Fla. (AP) — For nearly a month, Julie Youngblood has been traveling across Florida to meet with real estate agents. She’s helping the Austin-based company Homeward — which pays cash for homes upfront while homebuyers finalize their own financing — launch in the...

Glendale OKs new rules on property rentals before Super Bowl

May. 21, 2022 11:34 AM EDT

GLENDALE, Ariz. (AP) — The city of Glendale has preemptively adopted new rules regulating short-term rental properties before the city welcomes a bevy of visitors for the 2023 Super Bowl. Ordinances approved by the Glendale City Council on May 10 amend the city's codes on...

South Carolina family funneling grief into helping the needy

May. 21, 2022 00:11 AM EDT

COLUMBIA, S.C. (AP) — He was known as TFew. He loved to build things. To hunt and fish and be outdoors. Friends and family say he was always smiling. Thomas Few would have been a junior at Clemson had he not slipped from the roof of a garage at the Kappa Alpha...

Dubai developer to buy Florida condo collapse site for $120M

May. 20, 2022 19:46 PM EDT

A billionaire developer from Dubai is set to purchase the site of a South Florida condominium that collapsed last June, killing 98 people, for $120 million after no other bids were submitted by the Friday evening deadline for next week's auction. Michael Fay, of Avison Young, said...

Reported Illinois tornado knocks down trees, damages homes

May. 20, 2022 10:48 AM EDT

MOUNT CARMEL, Ill. (AP) — A tornado reportedly touched down in southeastern Illinois, knocking down trees and damaging numerous homes and other buildings, a police chief said Friday. People told Mount Carmel police they saw a tornado sweep through as a storm cut across the city's...

EXPLAINER: How do Australian parties differ on key issues?

May. 20, 2022 04:17 AM EDT

CANBERRA, Australia (AP) — Australia’s center-left opposition Labor Party has outspent the ruling conservative Liberal Party-led coalition in election promises during the six-week campaign leading up to the vote on Saturday. Labor says more spending is needed to increase...

Australia's would-be PM Albanese shaped by humble start

May. 20, 2022 00:26 AM EDT

CANBERRA, Australia (AP) — The son of a single mother who raised him on a pension, Anthony Albanese had a humble start to life for a politician who could become Australia’s prime minister on Saturday. His financially precarious upbringing in government-owned housing in Sydney...