What is up and the latest news in the US real estate market? Check here for the always updated topics that real estate experts are talking about.
What is up with the future of housing in the US and other real estate industry news?
Top Headlines in Real Estate this Week
Here are this week's headlines as of today, July 7, 2016 and for full stories with more details see top real estate stories in the nation with the most recent news listed first:
1. U.K. home prices could drop. But don't get too excited... First-time home buyers may be excited that U.K. house prices could soon fall in the wake of the Brexit vote. But it's not all good news for potential home buyers.
2. Investors bail out of U.K. real estate on Brexit shock Britain's vote to leave the European Union is sending shock waves through its property sector, leading worried investors to delay purchases and bail out of real estate funds.
3. Renters: You're paying more for less space The average size of a rental has shrunk 8% in the last 10 years, according to RentCafe.
4. Why Brexit is great news for U.S. homebuyers The average rate of a 30-year fixed mortgage dropped to 3.48% -- the lowest level since May 2013, according to Freddie Mac.
5. Waldorf Astoria's Chinese buyer to turn most of rooms into condos Massive renovation by Chinese insurer Anbang Insurance will close landmark Waldorf Astoria for more than a year to convert most rooms into luxury condos.
6. 11 million Americans spend half their income on rent The number of people spending half their income on rent hit a record high in 2014, according to the Joint Center for Housing Studies of Harvard University.
7. Twinkie co-owner buys Playboy Mansion
8. Men are making more money off their homes than women The gender pay gap in the labor market is pretty well documented. But the gender gap also exists in the housing market.
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