Office-to-apartment conversions have more than quadrupled in the past four years, according to a new study, which revealed that the reconstruction of office buildings into living spaces is expected to hit a new record in 2024.
Read More »International Markets Boast Less Space, Affordability for Starter Homes
How many years' worth of income do homebuyers across the globe need to afford a starter home? A new article revealed the amount required and in which countries beginning homes are affordable to buy—and where they're not.
Read More »Builder Sentiment Surges, But Challenges Lie Ahead
According to the National Association of Home Builders, single-family starts are expected to grow in 2024, and while builder sentiment improved, "builders will face growing challenges with building material cost and availability, as well as lot supply," according to NAHB Chairman Alicia Huey.
Read More »Which Cities Does Gen Z Have the Best Chance at Homeownership?
As housing affordability remains a concern for many Americans, a new Point2 study revealed the biggest U.S. cities where it's easiest for Gen Zers to become homeowners—and locations where it's nearly impossible.
Read More »New Home Purchase Mortgage Apps Post YoY Gain
According to Joel Kan, MBA’s VP and Deputy Chief Economist, “Mortgage applications for new homes showed a 22% annual gain in December—the 11th consecutive year-over-year increase in applications.”
Read More »Freddie Mac to Make DPA Programs More Accessible to Individuals, Families Across U.S.
While saving for a down payment continues to be one of the most challenging barriers to homeownership for many, Freddie Mac’s latest multipronged action removes industry-wide barriers to down payment assistance (DPA) programs, helping provide mortgage loans and financial assistance to lower-income homebuyers across the nation.
Read More »Nearly Half of All Americans Believe Now is a Bad Time to Buy
While about a third of Americans believe they’ll never be able to afford their dream home, a new survey from Bankrate revealed that almost 50% of respondents suggest that now isn't the best time to buy a home based on current market conditions. Click through to explore the latest on homebuyer sentiment.
Read More »New Home Purchase Mortgage Apps Increased in September
As record-high mortgage rates continue to hinder potential homebuyers nationwide, new home purchase activity weakened in September, according to the MBA's Builder Application Survey.
Read More »Mortgage App Payments Rose in August Despite Decline in Homebuyer Affordability
Mortgage application payments increased slightly in August to $2,170, according to MBA's Purchase Applications Payment Index, while overall homebuyer affordability declined, as homebuyers’ budgets continue to be impacted by high home prices and mortgage rates above 7%.
Read More »Fannie Mae Launches New Resources to Further Advance Latino Homeownership
Fannie Mae announced the unveiling of HomeView en Español, a new resource available to help Latino communities and further address the homeownership gap in America.
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