In the fourth quarter of 2018, the median home price reached the least affordable level since the third quarter of 2008, according to ATTOM Data Solutions. ATTOM Senior VP Daren Blomquist said while poor home affordability continues to cloud the U.S. housing market, there are silver linings in the local data as home price appreciation falls more in line with wage growth.
As part of its ongoing push to help people living in public housing become more “self-sufficient,” the Department of Housing and Urban Development announced Friday that it is awarding $29 million to help public housing residents find educational opportunities and employment.
Thanks to higher rents throughout much of the year, U.S. renters paid out more in rent than they ever have before, with a total rent payout equal to the gross domestic product of Belgium. Yes, Belgium.
Technology is a bit behind the trend in the housing industry, but this could all begin to change soon. One housing expert gives a list of what capabilities housing tech will have five years into the future.
[Expert commentary] Last month, the Treasury Department’s Financial Crimes Enforcement Network announced that it was expanding on its rules that require title insurers to report buyers’ identities and the source of the funds for certain residential real estate deals. Here’s what title insurers need to know about the new rules and what they can do to comply with them.