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News Articles: homebuyers

Katrina Wooten signed a contract to buy this home that's under construction near Gainesville, Fla. Then mortgage rates jumped sharply higher.

Tagged as: 

  • Your Money

Adjustable rate mortgages can be cheaper but risky. Here's what you need to know

With mortgage rates up sharply, many more homebuyers are turning to adjustable rate loans. These can be more affordable, at least at first. But they come with a big risk. Is it worth it?

September 10, 2022
|
By:
  • Chris Arnold
Homes line the street of a neighborhood in Brooklyn, N.Y., in March. Zillow announced it will stop buying and reselling homes, citing the volatility of the housing market.

Tagged as: 

  • Business

Zillow will stop buying and renovating homes and cut 25% of its workforce

The company disclosed Tuesday that it lost about $304 million in the third quarter after purchasing homes at higher prices than it now expects to sell them at.

November 03, 2021
|
By:
  • Joe Hernandez and
  • Chris Arnold
A photo of a house key next to a miniature house

Tagged as: 

  • Economy

Should First-Time Homeowners Buy In Georgia’s Hot Real Estate Market?

In June 2021, Atlanta home prices were up 22.3% compared to last year, selling at a median price of $400,000 — a year-over-year increase that's one of the highest the Atlanta market has seen.

August 10, 2021
|
By:
  • Kyra Posey
A record low number of homes for sale is pushing up prices and making it harder for first-time buyers to afford homeownership.

Tagged as: 

  • National

Out Of Whack: Lack Of Homes For Sale Sends Prices Surging, Frustrates Buyers

Sales of existing homes fell 6.6% in February from the month before. Meanwhile, prices are up 16% over the past year, giving homeowners about $2 trillion more in equity and widening the wealth gap.

March 23, 2021
|
By:
  • Chris Arnold

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