According to a new Apartment List report, the Black homeownership rate currently stands at 44% nationwide, as white homeownership continues to exceed Black homeownership in each metro analyzed.
Read More »Total Value of U.S. Homes Down $2.3T From Record High
According to a new Redfin report, the Bay Area housing market lost more value in percentage terms than anywhere else in the country as demand waned, while Florida continued to see large gains.
Read More »Apartment Size Shrinking Nationwide as Share of Studios Tick Up
A new analysis from RentCafe revealed the average size of new apartments in 2022 was 887-square-feet, a 54-square-foot drop from a decade ago, due to more studios and one-bedroom apartments entering the market.
Read More »Experts: Lending Standards Are Tightening
According to a new report from the Mortgage Bankers Association, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.
Read More »Potential Homebuyers Opting to Rent Rather Than Buy
The share of families living in apartments has reached the highest level in half a century, as a new RentCafe study shows more of those who could purchase a home are choosing instead to rent.
Read More »BofA to Invest Upwards of $150M in Housing Preservation Project
Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes nationwide.
Read More »New Listings Wane as Homes Linger on Market
The RE/MAX National Housing Report revealed new listings recorded the largest month-to-month decline in December 2022, while markets with the biggest decrease in year-over-year new listing percentages were found in Sunbelt cities such as Las Vegas and Los Angeles.
Read More »Pandemic Ripples Still Impacting Single-Family Housing Trends
New Fannie Mae data revealed the pandemic prompted many first-time homebuyers to move from smaller housing units in high-density cities to larger homes in lower-density areas, fueling a rise in home sales and lowering the number of days homes sit on the market.
Read More »How Digitalization Is Transforming Residential Real Estate
The number of investors using digitalization to buy newly available single-family homes is growing, as a new report from the Joint Center for Housing Studies shows how the use of data analytics is transforming how residential real estate is bought and sold.
Read More »HUD Secretary, Deputy Secretary to Honor Dr. King’s Legacy
HUD has announced that Secretary Marcia Fudge and Deputy Secretary Adrianne Todman will participate in service projects to honor Dr. Martin Luther King. Jr., and discuss how modern-day housing issues intersect with the civil rights legacy he helped inspire.
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