While millennials outpace baby boomers in population, the older generation owns a bigger share of large homes throughout the U.S., according to a new Redfin report. Here are the factors keeping empty nesters in those larger homes—and those homes off the market.
Read More »Price Increases Complicating the Homebuying Process
While the average U.S. state experienced more than a 3% increase in home prices last year, a new study from the New Jersey Real Estate Network revealed the states where prices rose the highest in 2023 and how it affected prospective homebuyers.
Read More »Housing Affordability Remains a Critical Concern
PWC’s Emerging Trends in Real Estate report examines this and other factors, as well as the possible implications the many Americans not returning to their physical offices may have on commercial real estate.
Read More »Buyers Looking Forward to Homeownership in 2024
According to a new Realtor.com survey, while 2024 is expected to remain a challenging year for homebuyers, nearly all first-time homebuyers overwhelmingly feel that they’ll be able to afford a home within their lifetime.
Read More »2024 Brightens for Homebuyers
According to a new Bright MLS Forecast, a slowdown in price growth and reduction in mortgage rates should boost the housing market over the next 12 months.
Read More »Accessory Dwelling Units Offer Relief from Housing-Related Challenges
Accessory Dwelling Units, known as ADUs, are small, independent units that are inside of, attached to, or detached from a primary residence, and a new report from the Joint Center for Housing Studies revealed they may have the potential to address housing-related challenges like affordability, equity, and environmental issues.
Read More »Rise in New Listing Volume Suggests Positive Trends in 2024
With interest-rate shock continuing to impact new listing volumes, housing inventory remains at historically low levels, according to HouseCanary's December Market Pulse Report. But positive developments may be ahead.
Read More »2024 Housing and Economic Conditions: Headed in the Right Direction?
According to a new LendingTree study, rates began to trend in the right direction after peaking in October, with the average rate for 30-year fixed mortgages falling to below 7.00% by December, ending the year more than a percentage point lower than their 2023 peak. But will economic conditions continue to ease in 2024?
Read More »Affordability Expected to Improve in 2024
An anticipated rise in inventory and decline in mortgage rates are expected to ease affordability concerns for many as we enter 2024.
Read More »Affordability at a Tipping Point?
"The good news is that home affordability has stopped getting tougher around the U.S., at least for the moment. The bad news is that owning a home remains more of a financial stretch than it's been for many years," said Rob Barber, CEO for ATTOM Data.
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