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Author: Swapna Venugopal Ramaswamy, USA TODAY

News

‘Home sales are bottoming out’: Are homebuyers now calling the shots in 2023 housing market?

February 21, 2023February 22, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on ‘Home sales are bottoming out’: Are homebuyers now calling the shots in 2023 housing market?

Existing-home sales fell for the twelfth straight month in January, with year-over-year sales falling 37%, the biggest decline since 2010.

News

How you can get cheap rent, but it comes with a ‘bump’ notice. What it’s like living on ‘Standby’

February 21, 2023February 21, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on How you can get cheap rent, but it comes with a ‘bump’ notice. What it’s like living on ‘Standby’

For $1,295, renters can access fully furnished apartments with no lease. The catch? You may have to leave in three days.

News

Thinking of renting a single-family home? These are the 10 fastest-growing markets

February 17, 2023February 17, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Thinking of renting a single-family home? These are the 10 fastest-growing markets

Rising U.S. consumer sentiment combined with would-be homebuyers opting to rent due to high mortgage rates could explain the rise in rents.

Money

Wait, that deck costs how much? Inflation drives homeowners to opt for DIY home improvement

February 16, 2023February 17, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Wait, that deck costs how much? Inflation drives homeowners to opt for DIY home improvement

The cost of floor coverings rose 13 %, and the prices of tools, hardware and supplies went up by nearly 12 %, according to the Labor Department.

Money

Is the housing market recovering? Here’s why home builders feel ‘cautious optimism.’

February 15, 2023February 16, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Is the housing market recovering? Here’s why home builders feel ‘cautious optimism.’

Incremental gains in affordability are brining more buyers to the market

Money

CPI report revealed inflated cost of housing. What that means for rent, mortgages

February 14, 2023February 14, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on CPI report revealed inflated cost of housing. What that means for rent, mortgages

Slowing demand in the housing market was part and parcel of the Fed’s strategy designed to cool consumer demand to bring down inflation.

Money

Homeownership rates for Hispanic and Black households beat white households during pandemic. Here’s how.

February 14, 2023February 14, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Homeownership rates for Hispanic and Black households beat white households during pandemic. Here’s how.

The share of homebuyers under the age of 45 increased from 51% in 2019 to 55% in 2021. The change was largest for Black homebuyers.

Money

What is a good income to buy a house? You’ll need at least $100,000 in nearly 40% of markets

February 9, 2023February 10, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on What is a good income to buy a house? You’ll need at least $100,000 in nearly 40% of markets

A family needed a qualifying income of at least $100,000 to afford a 10% down payment mortgage in 71 markets , up from 59 in the prior quarter.

Money

The top 10 real estate markets seeing the biggest changes. Some hot and some cooling off.

December 22, 2022December 22, 2022Swapna Venugopal Ramaswamy, USA TODAYComments Off on The top 10 real estate markets seeing the biggest changes. Some hot and some cooling off.

Nationwide, the number of days that homes stayed on the market rose by 67% in October, up from 21 days last October to 35 days.

Money

Cost of rent increasing in some places, but not nationwide. Here’s our state-by-state guide

December 16, 2022Swapna Venugopal Ramaswamy, USA TODAYComments Off on Cost of rent increasing in some places, but not nationwide. Here’s our state-by-state guide

As one-bedroom apartments became harder to afford, people began sharing larger apartments to divvy up rental expenses, according to the report.

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Headlines

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Kia recalls nearly 320,000 cars because the trunk may not open from the inside

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PCE inflation report: Key measure ticks higher in July. What will the Fed do?

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