Latest Residential real estate News

An estimated $20M more available for rental assistance

Sep. 23, 2022 13:45 PM EDT

MONTPELIER, Vt. (AP) — After announcing earlier this month that a pandemic-related emergency rental assistance program is being phased out as federal funding is exhausted, Vermont state officials now say they believe an estimated $20 million more is available to extend the benefits for some of...

Average US long-term mortgage rates climb to 6.29% this week

Sep. 22, 2022 14:55 PM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy. Mortgage buyer Freddie Mac reported...

Projections lowered in latest Washington revenue forecast

Sep. 21, 2022 19:07 PM EDT

OLYMPIA, Wash. (AP) — Revenue projections for Washington state's current two-year budget period increased by about $43 million more than projected at the state's last quarterly update, but a series of factors — including slowing home sales due to high interest rates — led officials to lower...

How steep Fed rate hikes affect your finances

Sep. 21, 2022 14:08 PM EDT

NEW YORK (AP) — Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. As the Federal Reserve has rapidly increased interest rates, many economists say they fear that a recession is...

Airbnb hosts are sick of Airbnb, too

Sep. 21, 2022 14:08 PM EDT

Disgruntled Airbnb guests are taking to Twitter and TikTok to vent about everything from cleaning fees to misleading listings. But they aren’t the only ones with complaints: Airbnb hosts themselves have become increasingly disillusioned with the platform and its disrespectful guests. ...

Affordable housing plan to go before Seattle voters

Sep. 21, 2022 11:46 AM EDT

SEATTLE (AP) — Next year people in Seattle will decide whether the city should set up a public developer to create affordable housing. The Seattle Times reports the Seattle City Council unanimously passed a resolution Tuesday to allow King County Elections to put the proposed...

US home sales slipped, prices grew more slowly in August

Sep. 21, 2022 11:28 AM EDT

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising prices made homebuying less affordable, further cooling the once red-hot housing market. The National Association of Realtors said Wednesday that...

McLean beats Foley in all-Irish US Mid-Amateur title match

Sep. 17, 2022 14:19 PM EDT

ERIN, Wis. (AP) — Matthew McClean won the rain-delayed U.S. Mid-Amateur on Saturday, building a 5-up lead and holding off close friend Hugh Foley in an all-Irish final at Erin Hills. The 36-hole championship match was split over two days because of rain earlier in the week. McClean...

Pandemic homeless hotels close, sending some back to streets

Sep. 16, 2022 19:50 PM EDT

DENVER (AP) — As Charlie Gilmore collected his belongings Friday to leave the Denver hotel that had been a home to him and 137 other previously homeless people during the pandemic, he pondered where he would spend the night. The 58-year-old is one of thousands of people without...

China's consumer, factory activity improve but still weak

Sep. 16, 2022 02:04 AM EDT

BEIJING (AP) — Chinese consumer spending and factory output edged up in August but still were weak, official data showed Friday, and forecasters warned the second-largest economy is vulnerable to repeated shutdowns of cities to fight virus outbreaks. Housing sales plummeted while...