Tag Archives: Midwest

As rental activity remains steady across the U.S., the Midwest was ranked the most popular region for renting this year, according to a new RentCafe report, revealing the hottest markets to keep an eye out for in 2024.

"Because of homebuilders' ability to create more inventory, new-home sales could be higher this year despite increasing mortgage rates. This underscores the importance of increased inventory in helping to get the overall housing market moving," said Lawrence Yun, NAR’s Chief Economist.

According to a new report from Zillow, renters of color are more likely to pay higher upfront costs when applying for a rental compared to white renters, while Black and Latinx renters were nearly twice as likely to submit multiple rental applications before securing a lease.

"Affordability is going to be the biggest factor in housing for 2023, but there's room for optimism on that front if mortgage rates recede," said Zillow Chief Economist Skylar Olsen.

According to the latest market report from ShowingTime, homebuyer foot traffic and in-person showings decreased from September, as rising rates and inventory challenges continue to discourage buyers from purchasing a home.

Amid economic uncertainty and experts hinting toward a recession, housing markets in relatively affordable Midwest and East Coast metro areas are holding up better than anywhere else in ...

Saving for a down payment is one of the most important steps in the homebuying process. But as the average home price eclipses $380,000, the amount buyers need to save up ...

Home prices across the U.S. rose 6.96% in 2019, the largest annual increase in more than a decade, according to Radian Home Price Index (HPI) data. The 6.96% ...

The latest rankings reports buyers are becoming more price-conscious, with many migrating to the Midwest.

Single family and one story homes are the most sought-after dwellings as home prices rise on increased demand for housing in the region in 2018.