Experts are predicting a major shift in the housing market as the ‘silver tsunami’, a large transfer of wealth, approaches. This transition will happen as baby boomers downsize or pass on their homes to relatives. This process might alleviate the current housing shortage but could also introduce new challenges. Projected Changes in Home Ownership According...
Potential homebuyers in California often consider condominiums as they contemplate expensive housing options. Condos offer one of the more affordable paths to homeownership in the U.S. Times contributor Emily Hochberg recently encouraged buyers to look positively at condos. “A condo can allow you to live in popular neighborhoods with fewer required renovations, so long as...
Jevon Carter, former guard for the Chicago Bulls, sold his five-bedroom townhome for $1.3 million. The property, located in a gated community in West Town, Chicago, encompasses 3,447 square feet. Carter originally purchased the townhome in September 2024, paying $1.5 million for the property. The home is situated on North Canal Street in the Kinzie...
As of September 14, 2026, homeowners considering a home equity loan should thoroughly assess potential costs before applying formally. With around $11 trillion in borrowable home equity, as cited in a recent report, many homeowners are looking at home equity loans for financial assistance this September. Inflation remains stable, and a potential interest rate increase...
The U.S. housing market is navigating through challenging times, influenced by rising mortgage rates and global economic factors. Many prospective homebuyers feel sidelined by the affordability crisis worsened by years of increasing housing costs. However, recent housing data offer some reasons for optimism. Positive Developments for Homebuyers While existing home prices continue to rise, new...
Address: 363 E. Wacker Drive, No. 2708, ChicagoPrice: $2,535,000 This luxurious three-bedroom condominium boasts two full bathrooms and one half bathroom. It includes a den and features floor-to-ceiling windows with northeast views of the river and the city skyline. The kitchen is equipped with custom cabinetry and professional-grade appliances, perfect for those who enjoy cooking....
By September 2026, many homeowners find themselves with substantial equity available for borrowing. Owning a home entails costs such as routine maintenance, taxes, insurance, and currently high interest rates. Despite these expenses, borrowing against home equity can be a beneficial option, especially for those needing a significant sum like $75,000. Understanding Home Equity Loans In...
In July, sales of previously occupied homes in the U.S. slowed, hindered by record prices and rising mortgage rates. According to the National Association of Realtors (NAR), existing home sales declined by 1.7% from the previous month, reaching an annual rate of 4.06 million units. This figure marginally surpassed the 4.05 million units anticipated by...
Los Angeles faces a housing crisis. Over 20,000 vacant lots zoned for housing remain undeveloped, despite the city’s need for affordable homes. A new initiative aims to change that by transforming these vacant spaces into affordable, multiunit housing. Finding New Solutions Housing experts plan to create “gentle density” housing on these lots. This includes duplexes,...
August 2, 2026, 6:00 a.m. EDT In San Francisco, finding a rental apartment with elevator access has become a challenge for many. Patrice Bratcher, who has experienced several knee and back surgeries due to epileptic seizures, set her sights on an apartment where elevator access was essential. Elevator advocates are now proposing the installation of...