San Jose Will Subsidize Rent for Teachers and Other Public Workers Who Can’t Afford To Live There

One of the most expensive housing markets in the nation has an innovative new plan to help teachers and other public workers afford to live in the community that they serve. San Jose, CA, has the highest rental costs among the nation’s 50 largest metro areas, with a median asking rent of $3,306 in A

Mortgage Rates Hit 6.53% Despite Looming Iran Peace Deal: Should You Buy Now or Wait for Global Markets to Calm Down?

Mortgage rates climbed to a new nine-month high Thursday as inflation fears outweighed fledgling investor optimism over the prospect of a peace deal with Iran.  The average rate on 30-year fixed home loans rose to 6.53% for the week ending May 28, up 2 basis points from 6.51% the previous week, acco

New-Home Sales Drop in April As Mortgage Rates Stay Elevated

Sales of newly-built homes dropped in April while prices climbed, as the housing market continues a roller-coaster ride in 2026. Contract signings for newly built homes fell to a seasonally adjusted annual rate of 622,000 in April, down 6.2% compared to March, the U.S. Census Bureau and Department o

Flood of AI Cash Is Forcing Bay Area Homebuyers To Boost Down Payments by $200K To Compete

The latest technological revolution has upended the San Francisco Bay Area’s housing market, where AI pioneers flush with cash are offering massive down payments to lock down increasingly scarce premium properties. To track this phenomenon, the Realtor.com® economic research team studied down paymen