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After years of sellers calling the shots, some of the hottest pandemic-era housing markets are now grappling with a surplus of listings — and not enough willing buyers. According to real estate brokerage Redfin, April saw nearly half a million more homes listed than buyers in the market, the largest gap since at least 2013. But this supply surge hasn’t translated into a wave of closings. Instead, home sales have stalled in many areas, particularly across the Southeast and Southwest, where inventory has ballooned past pre-pandemic norms. In Miami, for example, there were almost three times as many sellers as...

SAN MATEO COUNTY, Calif. (KGO) -- Two former Caltrain employees were sentenced to a collective six months in jail this week. Both men were charged back in 2024 with the felony theft of public funds after they embezzled money to build secret apartments -- one at the Caltrain station in Burlingame and the other at the nearby Millbrae station. "This is why I say to people, never say you've seen it all, because something new like this will come up," said San Mateo County District Attorney Steve Wagstaffe. Wagstaffe tells ABC7 News the men lived inside the apartments for several...

After four consecutive months of year-over-year inventory increases, California is now solidly a buyer's market, which means the supply of homes is greater than the demand for properties in the state. That is happening in part because, as real estate analyst Nick Gerli put it, "no one is buying homes in California." Home sales in the Golden State are hovering just below the lows of the Great Recession, according to a recent report by Realtor.com, as sky-high prices and elevated mortgage rates keep buyers on the sidelines of the market.

WalletHub analyzed 300 U.S. cities of varying sizes across ten metrics, including real estate tax rate, cost per square foot, median home price, and median household income. Each metric was scored on a 100-point scale, with 100 indicating the most favorable conditions for home affordability. For this map, only cities with a population over 100,000 were considered.This map, via Visual Capitalist's Bruno Venditti, shows the 20 most affordable U.S. cities to buy a home in 2025, according to data from WalletHub.Detroit Tops the List for Home AffordabilityDetroit leads the list, with a median price per square foot of around $87....

After decades of mass illegal immigration into the United States, untold millions of illegal aliens have settled throughout the country, competing with Americans for government benefits, jobs, and now, for homes. For most illegal aliens, obtaining a mortgage from a traditional bank — without a social security number or a credit score — is nearly impossible. But as millions of illegal aliens flooded the country, a new industry has cropped up to capitalize on the new customer base, selling financing catered to the illegal population. One entity at the forefront of this industry, a Daily Wire investigation has revealed, is...

In his budget plan for fiscal year 2026, President Donald Trump has proposed cutting a total of $32.9 billion in funding to HUD. The plan includes a $26.7 billion cut to federal rental aid — approximately 40% of the total — and would essentially end Section 8 and other housing voucher programs, according to NPR.

The 'king' of Britain's migrant hotels is raking in £4.8million per day and may become a billionaire from the money earned through housing immigrants in the UK. Graham King, a former caravan park and disco tycoon, was catapulted onto the Rich List this year after cashing in on accommodating and transporting arrivals due to the UK's migrant crisis. The 57-year-old - who has an estimated net worth of £750million - owns an Essex business which was paid £1.74billion last year and claimed this was due to the increase in refugees.

On Friday, President Donald Trump signed an Executive Order (EO) signalling his administration’s prioritization of the nation’s veterans rather than illegals. The EO will redirect funds from housing for illegals to establish the National Center for Warrior Independence. The Center will be located on the Veterans Affairs campus in West Los Angeles. A Trump administration official told Fox News, “The new National Center for Warrior Independence will help them and other veterans like them rebuild their lives.” The initiative will focus and providing shelter, healthcare, and job training to veterans in need and will partner with private organizations to expand...

A Redfin analysis shows that the number of homes for sale in Washington, DC, rose at the fastest pace on record last month. Sweeping layoffs of government workers spearheaded by DOGE boosted the figure. DOGE slashed over 200,000 federal jobs in March alone, one analysis found. Widespread layoffs of federal workers are rippling through the housing market of the nation's capital, with Washington, DC, in April seeing the biggest surge in the number of homes for sale ever recorded, data from Redfin shows. Active listings of homes for sale in Washington, DC, soared 25.1% year-over-year in the four weeks leading...

200,794 views May 4, 2025 This video is in response to a biased article full of falshoods that was recently published by the Asheville Citizen Times about Haven on the Hill. If you'd like to chip in for gas, coffee, or gear to keep the camera rolling

On Friday President Trump released a budget blueprint for the next fiscal year that would take a chainsaw to social, environmental and education programs. Some of the sharpest cuts are directed at housing programs that are meant to serve the poor, housing insecure and unhoused. In California, millions are served by these funds and state and local governments depend on them to operate affordable housing, rental assistance, homeless service, planning and legal programs. In a letter to the U.S. Senate Appropriations Committee, the president’s budget director, Russel Vought, laid out $163 billion in annual spending cuts coupled with “unprecedented increases”...

Housing activity for new residential construction climbed in March, spurred by a greater supply of houses during a crucial spring period. Sales of new homes rose 7.4% in March to a seasonally adjusted rate of 724,000 units, up from February's rate of 676,000, according to the Census Bureau data released on Wednesday. The reading came in well above Bloomberg's consensus forecast of 685,000. Inventory also ticked up, with 503,000 homes for sale at the end of March, a 0.6% increase from the prior month and the highest level since 2007, according to Bloomberg. Regionally, sales in the South jumped at...

I've often written about how real estate prices have affected members of my own family. Of our four kids, two live in Colorado and can only afford to live in a nice, peaceful town well outside the troubled Denver area because they combine not two but three incomes. Our other two live in deep-red Iowa, in the same small town, where they are easily able to afford nice homes. They have a lot of company. Realtor.com has just released its latest Affordability and Homebuilding report cards, and I should note that, while Colorado comes in at #27 with a grade...

It’s been obvious for years that China has a Potemkin economy, kept alive by slave labor, market bubbles, and government underwriting. it can’t last forever. The latest grim forecast about the economy comes from Peter St Onge, an economist with a much deeper fund of knowledge about and understanding of the Chinese economy than I could have in a thousand lifetimes.The biggest hint that the Chinese economy was in trouble was the demise of Evergrande, a massive property developer in China. The bankruptcy was huge, with the company’s assets valued at a probably inflated $245 billion and debts of $300...

Higher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market. Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. That’s the slowest March sales pace since 2009. Sales were 2.4% lower than in March 2024 and slumped across all regions month to month. They fell hardest in the West, the priciest region of the country, down more than 9%. The West, however, was the only region to see a year-over-year...

The Trump administration has considered sharply curtailing vouchers as part of its budget for the 2026 fiscal year... Administration officials recently discussed cutting or canceling out the vouchers and other rental assistance programs and potentially replacing them with a more limited system of housing grants, perhaps sent to states... The cuts to housing programs come in addition to an exodus of the agency’s work force. As of last week, about 2,300 employees opted to accept an offer for “deferred resignation” and leave their jobs...

Once again, Zillow has downgraded its 12-month forecast for national home prices. On Wednesday, Zillow economists published their updated forecast model, projecting that U.S. home prices, as measured by the Zillow Home Value Index, will fall 1.7% between March 2025 and March 2026. Back in March, Zillow downgraded its 12-month outlook for U.S. home prices to +0.8%. In February, Zillow downgraded its 12-month outlook to +1.1%. And at the start of the year in January, Zillow’s 12-month national home price forecast was +2.9%. Why does Zillow keep downgrading its national home price outlook? | Fast Company Newsletters “The rise in...

In a stunning display of conservatives’ determination, two Republican senators have introduced a piece of legislation that will redirect taxpayer funding from the U.S. Agency for International Development (USAID) to rebuilding and repairing state veterans’ homes, hot on the heels of the discovery that a significant portion of USAID’s funding was being used to advance a woke agenda on a global scale. For context, on April 10, 2025, Senator Tommy Tuberville (R-AL) and Senator Mike Lee (R-UT) introduced the Veterans First Act of 2025, a piece of legislation that hits particularly close to home for Sen. Tuberville, who is Alabama’s...

SACRAMENTO, California — A progressive Democratic lawmaker is seeking a simple but jarring remedy of last resort for California’s college students navigating the state’s housing crisis: Let them sleep in their cars. While roughly half a dozen state legislative proposals this year seek to fund student or faculty housing or loosen building regulations, the benefits would come far too late for current students struggling to stay afloat. With one in four California community college students experiencing homelessness in the past year, Democrats — who have a supermajority in the statehouse — face increasing pressure to deliver on affordability issues. Assemblymember...

This is an excellent example of what Attorney General Pam Bondi should be focused on instead of her appearances on Fox News.The Federal Housing and Finance Agency has released a public statement highlighting an internal review and investigation of conduct within Fannie Mae that has resulted in the termination of over 100 employees for “unethical conduct” including the “facilitation of fraud.”If the FHMA is finding intentional fraud within the housing loan offices, those federal employees should be arrested and legally prosecuted for their conduct. It is not enough to just fire people, there has to be legal accountability. These are...