The 342-foot climb from Culver City streets to the Baldwin Hills Scenic Overlook is a monster, but the payoff is sublime: panoramic views from Santa Monica Bay to the San Gabriel Mountains. Almost sublime, that is. The foreground is a scar of denuded earth, storage tanks and bobbing pumpjacks — the legacy of oil discovered…
This is Tom Jia. He’s a 28-year-old lifestyle influencer who calls himself a — Tangping, or “lying flat:” It’s a fast-growing lifestyle, rejecting social pressures to overwork and pursue material success. In China, young people face intense pressure to work grueling hours, buy a house and get married. Some are quietly rebelling and choosing to…
Kimberly Draxler was in shock when she called her mortgage lender in April and was told her four-bedroom home in Hillview, Kentucky, would be sold out from under her in a matter of days. Though she had been alerted that something might be wrong by a letter in the mail from an attorney offering assistance…
President Donald Trump has urged U.S. homebuilders to ramp up construction across the country, claiming they are “sitting on 2 million empty lots” while the nation continues navigating a housing shortage. The lack of inventory on the U.S. market, which is due to the fact that the country built far fewer homes than needed following…
In a sign of homesellers’ frustration with how long it’s taking to sell their properties, more owners are opting to pull their homes off the market rather than lower the asking price. That’s according to a recent report from Realtor.com finding that so-called delistings, or homes taken off the market without having been sold, were up 38%…
In a sign of homesellers’ frustration with how long it’s taking to sell their properties, more owners are opting to pull their homes off the market rather than lower the asking price. That’s according to a recent report from Realtor.com finding that so-called delistings, or homes taken off the market without having been sold, were up 38%…
The housing market has been in a serious crunch since the COVID-19 pandemic, with limited inventory, elevated home prices and mortgages in the 7% range, continuing to keep many would-be home buyers locked out. But even amid such tight constraints, modest declines in home prices can still be found in some regions of the country. That’s…
High interest rates and low inventory driving major slowdown of home sales – CBS News Watch CBS News 2025 is shaping up to be the worst year for home sales in U.S. history. Shanelle Kaul reports. Source link
Kobe Chung Hao-yin and girlfriend Mandy Chung Man-kei have taken a step closer to being able to get married after moving into a youth hostel following months of searching for affordable housing in Hong Kong. Kobe Chung, a 24-year-old working in the engineering sector, and Mandy Chung, also 24, earn a combined salary of about…
With home prices near a record high and mortgage rates remaining elevated, renting a place to live around the U.S. is today considered a better alternative to buying. But here’s the catch: Rents are surging, too. Zillow calculates that renters need at least $80,000 in annual income to comfortably afford the typical apartment rental — up from…