Once known for its speed and red-hot market, Austin, Texas, is now one of the slowest housing markets in the U.S. A new Redfin report examines the factors in play.
Read More »Average Nationwide Mortgage Payment Drops Slightly in September
The MBA reports that affordability improved slightly for the nation’s homeowners in September, as the national median payment applied for by purchase applicants fell slightly month-over-month. Click through to learn more about the changes.
Read More »Residential Remodeling Activity to Get a Reboot Next Year?
While unwarranted repairs remain a hassle for many homeowners, annual spending for improvements and restorations to owner-occupied homes is expected to shift in the coming year, according to a new report from the Joint Center for Housing Studies. Here are the factors in play.
Read More »Median Home Sales Price Hits $415K Nationwide in September
Real Estate Agent Meghan Carroll says, "Inventory levels are also still low, which is keeping the prices higher and making bidding wars commonplace here. So, it can be tough out there for some buyers–especially young, first-time buyers." Click through to read the full September 2023 Housing Report from RE/MAX.
Read More »Study Examines How Many U.S. Renters Remain Cost-Burdened
While elevated housing costs continue to hinder homebuyers and renters nationwide, a new study from Apartment List revealed that the share of American renters who are cost-burdened has risen to the highest level since 2012, according to recent Census data.
Read More »What Challenges Lie Ahead for U.S. Real Estate Firms
A new report from NAR surveyed how real estate agents operate and assessed what lies ahead in the future. Click through to examine the findings of this study.
Read More »Home Builder Confidence Wanes in August
After seven straight months of positive sentiment in builder confidence, mortgage rates exceeding the 7% mark, as well as high shelter inflation, have eroded housing affordability and put a damper on consumer demand.
Read More »Is This the End of the Starter Home?
Researchers from Point2 reveal that even in non-core, secondary, cities, affordable first homes are quickly becoming a thing of the past.
Read More »Home Prices Linked to Higher U.S. Metro Homelessness Rates
According to a new report from Home Bay, cities with above-average home values have homeless rates about 2.5 times higher than cities with lower-than-average home values, with San Jose, California, having the highest rate of homelessness and the highest home values of any major metro in the U.S.
Read More »Inventory Shortages Impacting Realtors’ Ability to Find Buyers a Home
“Housing inventory and affordability continue to be the top obstacles that hold back potential clients in the housing market," said Jessica Lautz, National Association of Realtors Deputy Chief Economist and VP of Research.
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