Asian (27%), Hispanic (24%), Black (20%), and white (15%) prospective homebuyers surveyed say they have not yet bought a home mainly because they are waiting for prices to decline. Click through to find out more from the National Association of Realtors.
Read More »Home Seekers Turn to Increased Multifamily Inventories in Many Cities
Busy cities are abuzz with new apartment buildings, which are now going up at the fastest rate recorded in decades. This new report spotlights the regions where multifamily construction is surging to keep up with demand.
Read More »Median Existing-Home Sales Price Continues to Rise
Why did NAR Chief Economist Lawrence Yun state that "the Federal Reserve simply cannot keep raising interest rates”? Check out the latest housing market data breakdown from the Existing-Home Sales Report.
Read More »Homebuyers Backing Off Despite Increase in New Listings
According to a new Redfin report, new listings have ticked up, but near-8% mortgage rates are causing many potential homebuyers to retreat, as purchase applications remain near their lowest level in nearly 30 years.
Read More »Homebuyers Resort to Family Roommates, Sharing Childcare to Save Money
Potential homebuyers are now co-buying and living with relatives for longer periods of time, according to a new survey from Realtor.com. Meanwhile, proximity to family remained a leading factor in choosing a place to live as many cohabiting Americans seek relief from childcare and housing costs.
Read More »Baby Boomers, Millennials Lead the Nation in Solo Renting
A new study from RentCafe revealed renting alone has become an increasingly popular trend, with baby boomers making up the largest population of renters living alone in the U.S. followed by millennials, as the number of solo renters reached a record high of 17.7 million in 2020 and continues to grow.
Read More »Examining U.S. Towns With the Highest Home Values
According to a new LendingTree study, the nation’s most expensive towns are often found in popular vacation spots; however, such homebuyers may further deplete the already limited housing supply, driving up home prices and making housing difficult to afford for locals.
Read More »New Residential Sales Slow in August
Month-over-month, HUD and the Census Bureau reported an 8.7% drop-off in new home sales in August, with sales impeded by mortgage rates over the 7% mark.
Read More »Total Housing Market Values Up Nearly 50% From Pre-Pandemic Levels
A new Zillow study revealed that total U.S. housing value has surged more than $2.6 trillion over the past year, an estimated 49% higher than before the pandemic, with new home construction continuing as the primary driver of housing market growth.
Read More »Top American Suburbs for First-Time Homebuyers
Take a closer look at data-supported rankings of the best starter-home locations in the U.S. just outside city centers in a new report from Today’s Homeowner.
Read More »