real estate

Regan Adams at her home in northeast Knoxville.

Home prices are up. For Black families, is selling Grandma's house the right choice?

8:09am December 28, 2021

by Laurel Wamsley

Fast-rising home prices are creating opportunities for some longtime Black homeowners. Those high valuations can also raise big questions about the best way to tap into that wealth.

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Housing

New report shows the Triad's real estate market is beginning to cool

1:22pm November 12, 2021

by April Laissle

The real estate market in the Triad is beginning to cool off, according to

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.

The halted under-construction Evergrande Cultural Tourism City, a mixed-used residential, retail and entertainment development in Taicang in China's eastern Jiangsu province.

5 Lessons Evergrande Taught Us About The Chinese Economy

1:22pm September 28, 2021

Here's what a troubled property developer tells us about the Chinese economy.

A "For Sale by Owner" sign is posted in front of property in Monterey Park, Calif., in April 2020.

National

Black And Latino Homeowners Are About Twice As Likely As Whites To Get Low Appraisals

6:00am September 23, 2021

by Joe Hernandez

A new analysis by Freddie Mac has found that only 7.4% of appraisals in majority-white census tracts came in below contract price, compared with 12.5% for Black areas and 15.4% for Latino ones.

Half-finished apartment towers are part of Evergrande's Cultural City real estate project in Taicang, China. The firm has run out of money to finish the buildings as regulators force developers to pay back debts.

World News

The Evergrande Group's Debt Issues Could Be A Drag On China's Economy

7:27pm September 22, 2021

by Emily Feng

For decades, rising property prices helped enrich China. Now one of the country's biggest developers is facing bankruptcy. Policymakers fear it could send China's financial system into a tailspin.

Marissa Lovell had hoped to buy her small Boise, Idaho, rental home until the price shot up by nearly $100,000 amid the coronavirus pandemic.

Homebuyers Squeezed As Western States See Prices Double Or More In Last Decade

9:32am May 28, 2021

by Kirk Siegler

The pandemic has made the housing market even tighter in the mountain West, where first-time buyers are trying to decide whether this is just the future or a bubble headed eventually for a bust.

Sacramento's Elmhurst neighborhood is comprised of mostly single-family homes. The City Council has voted on a draft plan to allow fourplexes in all residential areas.

National

Facing Housing Crunch, California Cities Rethink Single-Family Neighborhoods

8:19am March 13, 2021

by Erin Baldassari

By allowing multi-family housing, proponents across the state say the move could lower housing costs and redress decades of racial segregation.

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Lachlan Barilleau, 5, enjoys catching insects in his backyard in Central, near Baton Rouge, La.

Science

Living In Harm's Way: Why Most Flood Risk Is Not Disclosed

5:33pm October 20, 2020

by Rebecca Hersher

About 15 million properties in the U.S. are prone to flooding, but patchwork and ineffective disclosure laws mean most people get little to no information about flood risk before they move.

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A new study has found that home sale prices and volume appear to be declining in Florida coastal areas at vulnerable to rising sea levels compared to coastal areas with less risk. Here, the balcony view from a luxury condo in Sunny Isles Beach, Fla., in 2

Is The Risk Of Sea Level Rise Affecting Florida Home Prices? A New Study Says Yes

7:38pm October 15, 2020

by Laurel Wamsley

Research published this week finds that home sales volume and prices have declined in coastal census tracts vulnerable to sea level rise, relative to coastal areas less threatened by climate change.