Big Cities Take Up Fight Against Algorithm-Based Rents

Justin Sullivan/Getty Images The federal government’s price-fixing lawsuit against rental-software firm RealPage could take years to resolve. Rather than wait, some cities and states are already cracking down on the company. San Francisco and Philadelphia passed laws in recent months to restrict the use of algorithmic rent-pricing systems at residential properties. Legislators in San Diego, New Jersey […]

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Sales of Existing Homes Rise Annually for First Time in 3 Years

Getty Images Sales of previously owned homes rose in October following a brief dip in mortgage rates, posting the first year-over-year gains since 2021. Total existing-home sales increased 3.4% from September to a seasonally adjusted annual rate of 3.96 million last month, the National Association of Realtors® reported Thursday. The October sales figure, which excludes

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Mortgage Rates Rise to 6.84% as ‘Homeowners Remain Hesitant To Sell’

Realtor.com; Getty Images (1) Mortgage rates spiked from 6.78% last week to 6.84% for a 30-year fixed home loan for the week ending Nov. 21, according to Freddie Mac. “Mortgage rates ticked back up this week, continuing to approach 7%,” said Sam Khater, Freddie Mac’s chief economist. “Heading into the holidays, purchase demand remains in

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Nevada Election Results: Swing State Where 52% Are Rent-Burdened Votes Red

Realtor.com; Getty Images Nevada’s election results are in, with the swing state voting for Donald Trump in the 2024 presidential election. The Associated Press decision team issued its call for the state early on Saturday, making it the sixth of seven swing states to tip in favor of Trump, who has already reached the majority

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Arizona Election Results: Swing State Where the Median Home Price Is $504,366 votes Red

Realtor.com; Getty Images Arizona’s election results are in, with the swing state voting for Donald Trump for president, according to projections from the Associated Press decision team. The AP issued its call for Arizona on Sunday, making it the seventh and final swing state to report. Trump swept all seven of the battleground states, and

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Republicans Take Control of the House, Paving the Way for Trump’s Plans on Housing

Andrew Harnik/Getty Images Republicans are now officially projected to win control of the U.S. House of Representatives, clearing the path for President-elect Donald Trump to pursue his full policy agenda, including his proposals affecting housing. On Wednesday night, the Associated Press issued its projection for the final House race needed to achieve a Republican majority

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Mortgage Rates Fall to 6.78% Amid Postelection ‘Rate Volatility’

Realtor.com; Getty Images (1) Mortgage rates ticked down from 6.79% last week to 6.78% for a 30-year fixed home loan for the week ending Nov. 14, according to Freddie Mac. “After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,” said Sam Khater, Freddie Mac’s chief economist.

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Georgia Election Results: Swing State Where Price per Square Foot Is Up 60% From 2019 Votes Red

Realtor.com; Getty Images Georgia’s election results are in, with the swing state voting for Donald Trump in the 2024 presidential election, according to projections from the Associated Press decision team. The state’s 16 Electoral College votes will go toward the Republican candidate in a closely contested race where housing policies were among the key issues

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