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...
The average long-term U.S. mortgage rate has increased for the fourth straight week, reaching its highest level in a year. This presents a challenge for potential homebuyers facing higher borrowing costs. According to Freddie Mac, the 30-year fixed-rate mortgage rose to 6.66% from 6.58% the previous week. A year ago, the figure was 6.72%. Higher...
Mortgage rates have remained above 6% for much of 2026, recently averaging around 6.5%. Although not the highest in recent years, these rates still pose challenges for homebuyers. For example, with an average rate of 6.625%, a median-priced home of $403,200 results in a monthly payment nearing $2,600 over 30 years. Federal rate cuts are...
Former Chicago Bulls guard Ayo Dosunmu has put his newly constructed home in Wicker Park on the market. This contemporary-style, six-bedroom residence spans 4,716 square feet. The property is listed for $2.35 million.
The average long-term mortgage rate in the U.S. increased this week, reaching its highest point in almost a year. The 30-year fixed-rate mortgage, a standard lending benchmark, rose to 6.55% from 6.49% the previous week, according to Freddie Mac on Thursday. A year ago, the same rate was 6.75%. Higher mortgage rates can significantly raise...
Despite ongoing increases in U.S. home prices that reached a record in June, certain areas in the country present favorable conditions for buyers. In Miami, Florida, buyers significantly outnumber sellers, with the number of sellers rising by about 140 percent compared to buyers in June based on Redfin’s data. Miami is the leading buyer’s market...
Located at 130 S. Canal St., No. 425-426, Chicago, this luxurious two-bedroom residence is on the market for $1,000,000. The property boasts distinctive features and modern amenities that make it an attractive choice for prospective homeowners. Interior Highlights The home includes two full bathrooms and impressive 12-foot ceilings. Wide-plank oak hardwood floors extend throughout, adding...
Clint Jones, known for co-founding GoHealth Inc., has decided to sell an impressive property in Lincoln Park. The mansion, measuring 8,200 square feet, is listed for $5.75 million. This luxurious residence is situated in a desirable neighborhood, reflecting the couple’s taste for elegance and comfort. Jones, who previously served as CEO of the Chicago-based company,...