homebuyers

A photo of homes built through the Equitable Homeownership Project in Winston-Salem

Housing

The Moravian Church community aims to help first-time homebuyers in Winston-Salem with new project

2:53pm March 13, 2025

The Equitable Homeownership Project aims to build homes for those making up to 80% of the Area Median Income (AMI) in Winston-Salem.

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Housing

New rules from National Association of Realtors settlement set to take effect

3:51pm August 15, 2024

by DJ Simmons

The landmark settlement could change the way homes are bought and sold through the real estate industry.

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A 'For Sale' sign is posted on the lawn in front of a home on March 15, 2024, in Miami, Fla. The National Association of Realtors announced that it had reached a nationwide $418 settlement of claims that the industry had conspired to keep agent commissions high.

Economy

If you recently sold your home, you might get part of your realtor fee back

2:58pm March 22, 2024

by Scott Horsley

A settlement by the National Realtors Association promises to change the way real estate agents are compensated. It could spell an end to 6% commissions, which are higher than people pay elsewhere.

Economy
Race

DOJ says First National Bank discriminated against Black, Latino borrowers in North Carolina

11:04am February 06, 2024

by Ken Sweet, AP Business Writer

First National Bank of Pennsylvania discriminated against Black and Latino homebuyers in North Carolina for a period of at least four years, the Justice Department said Monday, the latest in a long list of banks who have been caught redlining.

"For Sale" sign on Meadowbrook Drive in Winston-Salem's Buena Vista neighborhood.

Housing

Triad housing market: How we got here and where we're headed

4:00pm September 19, 2022

by David Ford

New data shows the super-charged COVID-era housing market beginning to cool off in many regions across the country, including the Carolinas.

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

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

5:00am September 10, 2022

by Chris Arnold

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?

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Homes line the street of a Brooklyn neighborhood in March in New York City. Zillow announced it will stop buying and reselling homes, citing the volatility of the housing market.

National

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

1:44pm November 03, 2021

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.

A record low number of homes for sale is pushing up prices and making it harder for first-time buyers to afford homeownership.

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

3:56pm March 22, 2021

by Chris Arnold

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.

As investors play a growing role in the housing market, many first-time buyers are having a hard time finding a home.

1st-Time Homebuyers Are Getting Squeezed Out By Investors

5:42pm June 21, 2019

by Amy Scott

The pool of smaller, affordable starter houses is low. And the market for these first-time home purchases is increasingly being driven by investors who help push prices out of reach.

A "for sale" sign is seen in front of a home in Miami on Jan. 24, 2018. The partial shutdown of the federal government is causing some financial problems for furloughed workers who can't refinance their mortgages or buy homes because lenders can't verify

Some Mortgage Deals Are In Limbo As Government Shutdown Drags On

9:05am January 11, 2019

by Yuki Noguchi

Furloughed workers can't refinance or buy homes without the ability to verify their income. For a recently divorced couple, it means continuing to live together until financial issues are resolved.

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