Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Mortgage rates more than doubled in less than 12 months despite declining sales, inventory, and prices.
2022 had been a rollercoaster ride for potential home-buyers. Mortgage rates more than doubled in less than 12 months despite declining sales, inventory, and prices.
The average rate for a 30-year fixed mortgage is now 6.31%.
The average rate for a 30-year fixed mortgage is now 6.31%.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
The gap between what it costs to rent and own has widened this year amid rising mortgage rates.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
The Federal Reserve is working to mitigate the financial fallout from coronavirus and that includes lowering mortgage rates.
Is the Obama administration failing the housing market? Maybe.
Draft experts are giving the Steelers high marks for picking offensive lineman Troy Fautanu.
Around 1 in 5 retail milk samples had tested positive for the bird flu virus, but further tests show it was not infectious.
The driver of the truck crashed into the front of Bowser Collision in Murrysville on Friday.
Neighbors in North Strabane are at odds over plans to build a new housing development around Peters Lake Park.
More than 100 furlough notices were sent out to teachers at Uniontown Area School District and Frazier School District.
Draft experts are giving the Steelers high marks for picking offensive lineman Troy Fautanu.
Around 1 in 5 retail milk samples had tested positive for the bird flu virus, but further tests show it was not infectious.
The driver of the truck crashed into the front of Bowser Collision in Murrysville on Friday.
Neighbors in North Strabane are at odds over plans to build a new housing development around Peters Lake Park.
More than 100 furlough notices were sent out to teachers at Uniontown Area School District and Frazier School District.
The Supreme Court convened to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
Senator Bob Casey of Pennsylvania has been a proponent of the bill since its inception, citing the impact fentanyl has had on the state.
Both Biden and Trump won their Pennsylvania primaries overwhelmingly, but there were some ominous signs for both.
As expected, both Joe Biden and Donald Trump won their Pennsylvania primaries overwhelmingly, but there were some ominous signs for both in the results. KDKA-TV's Jon Delano reports.
After hearing the complaints of law enforcement, the Allegheny County president judge has sanctioned District Judge Xander Orenstein.
The summer fuel blend along with inspections and maintenance at refineries are partially to blame for the rising prices.
Want to check the latest product recalls, click here!
Police say weather emergencies are ripe opportunities for scammers and unlicensed contractors.
PTL's Katie O'Malley is getting a look inside the gigantic, brand new Dick's House of Sport store that just opened at Ross Park Mall in the North Hills.
One realtor said no matter what neighborhood, home values are way up in Pittsburgh.
Thanks to all the KDKA kids for joining us for a fun edition of Pittsburgh Today Live.
On Take Your Child to Work Day, Boaz and the KDKA Kids were hard at work preparing their own version of PTL, and we got to see it on today's show!
It's a luxury, limo-style theater on wheels perfect for entertaining the kids on Take Your Child to Work Day. Katie got a tour of the Steel City Gamerz Truck on PTL today.
Grant Kemmerer, from the Wild World of Animals, brought some of his friends to Take Your Child to Work Day.
We're all about making memories on a day like today, ones that might be as messy as they are pizza-licious. Jen Clark, from Crate Cooking School, showed us how to make pizza!
Vince Fannick was charged with 117 counts of insurance fraud, theft by deception and unlawful talking.
Is the city of Pittsburgh about to fall off a fiscal cliff?
An untold number of 55-gallon drums containing radioactive waste are buried in shallow trenches on a site in Armstrong County.
Pennsylvania Governor Josh Shapiro said he wants to stop independent pharmacies from closing up.
Independent pharmacists blame middlemen who they say are sucking the life out of your community pharmacy.
Around 1 in 5 retail milk samples had tested positive for the bird flu virus, but further tests show it was not infectious.
Saturday is National Drug Take Back Day and we've got everything you need to know about why and the risks of holding onto expired medications.
Avian Flu has not reached Pennsylvania, but the local dairy laid out steps they will take should it be detected in our area.
Dr. Matt Kocher and Victor Flinko now work together at UPMC Children's, but years ago, they formed a friendship while battling cancer.
The CDC and Prevention and FDA are warning people to beware of bogus Botox injections.
Draft experts are giving the Steelers high marks for picking offensive lineman Troy Fautanu.
The Steelers still have six picks remaining when the NFL Draft continues on Friday night.
Troy Fautanu is the newest member of the Pittsburgh Steelers after being drafted in the first round.
Offensive lineman Troy Fautanu Fautanu was drafted No. 20 overall by the Pittsburgh Steelers.
Gary Sánchez hit a pinch-hit, two-run home run in the eighth inning to lift the Milwaukee Brewers to a 7-5 win over the Pittsburgh Pirates and a series split on Thursday.
Amazing Books and Records is moving out of Downtown Pittsburgh and into Shadyside.
Spirit is adding a new nonstop route out of the Pittsburgh International Airport.
This will be the final week of business for the Oakland ice cream shop.
Wawa is officially in central Pennsylvania.
President Joe Biden visited Pittsburgh to meet with steelworkers, promising to keep U.S. Steel American-owned.
A Pennsylvania school district has reversed the cancellation of an appearance by actor and children's book author Maulik Pancholy.
Some of Pittsburgh's favorite attractions will offer more than 100,000 free tickets this summer.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
A local businessman and his family were on an episode of "Family Feud" on Wednesday.
Works by Vermeer, Monet and Rembrandt are at The Frick Pittsburgh for part of the spring and summer.
Get the latest weather updates with First Alert Meteorologist Ray Petelin's forecast!
Neighbors in North Strabane are at odds over plans to build a new housing development around Peters Lake Park. KDKA-TV's Shelley Bortz has more.
Dozens of teachers at two Fayette County school districts could soon be without jobs.
A water tanker truck smashed into a business on Route 22 in Murrysville. KDKA-TV's Ricky Sayer has more.
The Fayette County district attorney provided an update on the case of a missing teenager whose remains were identified this week.
We had a great time with the KDKA kids on both Pittsburgh Today Live and Talk Pittsburgh for Take Your Child to Work Day 2024!
Several businesses were damaged by the overnight fire.
Several areas across Pittsburgh flooded after setting another daily rain record.
From the path of totality in Erie to 97% coverage in Pittsburgh, Pennsylvanians experienced the rare solar eclipse on Monday, April 8, 2024.
Numerous areas saw rising floodwaters on Tuesday and Wednesday