More of Your Paycheck Is Going to Pay Rent. Which Cities Are Keeping Pace?
With skyrocketing rents, landlords aren’t just taking more of your cash — they’re spending more of your time. The typical full-time employee in the United States worked nearly 63 hours in October to pay an average rent of $2,040 — almost six hours more than in October 2019, before the pandemic, according to data from the listing company Zillow.
California Realtors apologize for role in racist housing
The California Association of Realtors is apologizing for its role in pushing policies that drove racial segregation in the state, decades after the group put its money behind a proposition that overturned the state’s first fair housing law.
Airbnb aims to convince more people to rent out their homes
Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals.
Home Sales Fall In Riverside County, But Prices Stay High
Sales of existing homes in Riverside County dropped by double digits last month, while the median price of a single-family home was virtually unchanged, the California Association of Realtors said Wednesday.
US home sales fell in October for ninth straight month
Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market.
