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Exclusive: Adjusted for inflation, home prices have fallen in these cities in past quarter century

4 days ago | homes.com | Paul Owers

When adjusting for inflation, home prices in Cleveland, Chicago, Detroit and seven other U.S. metropolitan areas have declined over the past quarter century, exceptions to the real estate adage that long-term ownership builds wealth, a new report shows.
Upscale-oriented real estate firm sees opportunity in growing area of Richmond, Virginia

1 week ago | homes.com | David Holtzman

The real estate firm Engel & Völkers recently put down stakes in the Richmond, Virginia, market, which is seeing substantial growth in single-family homes, townhouses and condos. Since 2008, the company, which has roots in Hamburg, Germany, has been growing its presence in the United States and now has more than 5,700 agents in about 250 offices.
Tired of the ‘white box’ home? Meet the color-drenching cure.

1 week ago | homes.com | Madeleine D'Angelo

If you spend your days in a white-walled rental or office, scrolling through “#colordrench” on social media shocks the eyes, like the soreness you get after stepping into the sunlight after hours spent inside. Your pupils contract and dilate, and suddenly, the color is everywhere. Monochromatic squares filled with rich burgundies or plumy mauves fill the screen.
When is the best time to sell your home? It’s not necessarily the spring.

1 week ago | homes.com | David Holtzman

It’s often thought that the best time of year to put a house on the market is in the spring, because people are more in the mood to be out shopping once the unpleasant winter weather is over. But there are other factors at play. One way to measure how much better the spring season — specifically, April through June — is for sellers is the median number of days a house is on the market.
President Trump promises safety nets if Fannie Mae, Freddie Mac are privatized

1 week ago | homes.com | Rebecca San Juan

President Donald Trump promised Tuesday that the government would continue to provide a guarantee to mortgages backed by Fannie Mae and Freddie Mac should the mortgage-finance giants be privatized, a decision that could have implications for homebuyers. He promised the safety net on Truth Social, his social media venture.
Growing Houston suburb to get 5,000 'Texas Chic' homes

1 week ago | homes.com | Paul Owers

Some 5,000 houses are on tap for a 2,900-acre master-planned community in suburban Houston. Master developer W Land Development and the city of Alvin, Texas, say the single-family homes in Preservation Creek will have a mix of masonry and stone exterior elevations. The homes will be "Texas Chic," a style that blends Western and elegant elements, W Land said. Lots are under development and should be ready for construction by early 2026, according to W Land.
Borrowing costs move higher as spring home selling season takes another hit

1 week ago | homes.com | Paul Owers

Mortgage rates have inched higher again, giving some prospective buyers more reason to pause during what is traditionally the busiest period for home sales. The average rate for a 30-year, fixed-rate home loan climbed to 6.89% Thursday from 6.86% the prior week, mortgage giant Freddie Mac said. A year ago, the average was 7.03%.
Boston offers financial lift to people who want to co-own a house

1 week ago | homes.com | David Holtzman

A new effort in Boston aims to make housing a little more affordable in one of the country’s most expensive markets when multiple parties want to buy a home together. The city’s co-ownership program offers up to $50,000 in zero-interest loans for down payments and closing costs to each of the households buying a two- or three-unit home. To get such a loan, household income can’t exceed 100% of the area median income, or about $131,000 for a family of two.
Housing agency director calls on Federal Reserve to lower rates

1 week ago | homes.com | Rebecca San Juan

The newly minted head of the Federal Housing Finance Agency took to social media on Tuesday to press Federal Reserve Chair Jerome Powell to cut rates. Bill Pulte oversees the FHFA, which has conservatorship over Fannie Mae and Freddie Mac — government-sponsored enterprises that buy mortgages from lenders and package them into securities sold to investors. "Jay Powell needs to lower interest rates — enough is enough," Pulte said on X.
That 'One Big, Beautiful Bill' sits in Senate hands. Here's what could happen with the SALT cap.

1 week ago | homes.com | Rebecca San Juan

After days of contentious debate that threatened to derail President Trump's "One Big, Beautiful Bill Act" again, the House agreed on May 22 to a significant increase in the cap on deductions homeowners can claim on state and local taxes. A group of Republicans representing blue states like California, New York and New Jersey had threatened to block the bill unless there was a hefty increase in the SALT cap.