Texas parents charge 19-year-old daughter rent; reveal criticism and support

People are sounding off on TikTok as parents charging their children rent has become a topic of discussion. Check out how one family navigated their adult daughter living at home.

Housing market could tumble into a 'deep freeze' if US defaults on its debt

A new analysis from Zillow projected that home-buying costs could surge by a stunning 22% if Congress fails to raise the debt limit by June 1.

Fed's May interest rate hike could harm regional bank lending, mortgages, expert warns

The Federal Reserve's latest interest rate increase has been harmful to the balance sheets of small regional banks and has impacted their ability to lend, according to the National Association of Realtors.

Best California cities for budget-friendly homebuyers

Real estate experts said while home prices in these cities have increased, they're still considerably lower than the average home price in major cities like Los Angeles, where the average price there is over $900,000, according to Zillow.

Biden administration approves $42B in student loan forgiveness under updated PSLF program

The Department of Education has approved $42 billion in student loan forgiveness through recent changes to the PSLF program, designed to provide debt relief to borrowers in the non-profit, public service and governmental fields.

Gov. Newsom says state’s budget deficit has grown to nearly $32 billion

Newsom said the state’s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.

Budget deficit at $32B, Newsom says
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California Governor Gavin Newsom said the state?s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.

Mortgage rates dip on positive inflation data: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.35% for the week ending May 11, according to Freddie Mac's Primary Mortgage Market Survey.

Gas prices decrease amid market uncertainty: AAA

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.