The Event Horizon Telescope (EHT) -- a planet-scale array of eight ground-based radio telescopes forged through international collaboration -- was designed to capture images of a black hole.Today, in coordinated press conferences across the globe, EHT researchers reveal that they have succeeded, unveiling the first direct visual evidence of a supermassive black hole and its shadow.This breakthrough was announced in a series of
The housing market showed signs of slowing in March compared to a year ago, even as some “unexpected hot spots emerged,” realtor.com® notes in its latest housing report. Each month, realtor.com® releases its “hottest metro” list based on where homes are selling the fastest and the markets seeing some of the biggest online listings traffic at its site.In March, several Ohio markets known for affordability topped realtor.com®’s list. T
DIY home improvement jobs can end in disaster. And even when they don’t, projects can become time-consuming and costly. Botched DIY home improvement jobs can also lead to quarreling among loved ones, shows a new survey from Porch.com, a home improvement website. Porch.com surveyed more than 1,000 homeowners to discover the biggest sources of tension and mistakes during home improvement projects.A third of homeowners say they tackle house projec
Hispanics are fueling homeownership growth in the U.S. They represented 62.7 percent of the increase in the U.S. net homeownership rate from 2008 to 2018, 81 percent of the U.S. labor force growth, and 32 percent of U.S. household formations, according to the 2018 State of Hispanic Homeownership Report, released Tuesday.“Hispanic household growth continues to outpace that of the overall U.S. household growth and is anticipated to do so for the
More consumers are flipping homes again, but investors are acting differently than they did during the housing boom. Short-term investors are focusing more on adding value than speculating on prices, according to a new report from CoreLogic, a real estate data firm. CoreLogic defines a home flip as the purchase of a property with the intent to sell within a two-year period for profit.The U.S. flipping rate was 10.9 percent of all home sales in th
More real estate investors are taking into consideration the impact of climate change on their properties, according to a joint report from the Urban Land Institute and global investment management firm Heitman. The report is based on a series of interviews with institutional investors, investment managers, consultants, and other stakeholders to identify how they are factoring climate risks into their purchase decisions.“The interviews revealed
The recent plunge in mortgage rates may help the market for home loans surge to a 14-year high, according to recent housing forecasts. In the past month, mortgage rates have posted their biggest drop in a decade, with the 30-year fixed-rate mortgage averaging 4.08 percent last week, according to Freddie Mac’s weekly mortgage market survey.The rate decline has enticed more home buyers to enter the market, prompting mortgage demand to r
More young adults are living with their parents, particularly in the South and Northeast regions of the United States. MagnifyMoney, a brand within LendingTree, analyzed the 50 largest metros in the U.S. to pinpoint the largest portion of adults aged 25 to 40 who are still living with their parents.“Moving out of your parents’ home has long been considered the ultimate rite of passage into full-fledged adulthood,” MagnifyMoney notes in its
Rental costs across the country have surged, jumping 13 percent over the past five years for a two-bedroom place, according to Apartment List data.But in some locations, the typical renter is paying $10,000 or even $30,000 a month. Realtor.com®’s research team pinpointed the cities where residents are paying the highest amounts of rent in the country. They analyzed two-bedroom rentals listed on realtor.com® in March and calculated the me
Homeowners are sprucing up their homes more this year, tackling several home improvement projects. Eighty-eight percent of homeowners recently surveyed say they performed a major home repair in the last year, and more than half said they managed multiple major repairs or home improvement projects, according to a new analysis by Porch.com, a home improvement website.Homeowners spent an average of $4,958 on home repairs and improvements in the past
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