With interest-rate shock continuing to impact new listing volumes, housing inventory remains at historically low levels, according to HouseCanary's December Market Pulse Report. But positive developments may be ahead.
Read More »Destination Migration: Florida Tops 2023’s List of Hotspots
"Growth in the Palm Bay-Melbourne area has been increasing at an explosive rate," stated Cal Conner, U-Haul Company of Eastern Florida President. “Add to that our fantastic year-round climate, and you can see why Palm Bay-Melbourne is such a desirable area to live."
Read More »Increasing Pathways to Affordable Housing
In the quest to expand housing options nationwide, the Five Star Institute, in partnership with Xome, held a recent webinar focused on key strategies and initiatives to help provide access to affordable housing.
Read More »Millennials Believe They’re More Financially Savvy Than Their Parents
A new SWNS Digital study revealed that while one in nine millennials admit that they’re not confident in understanding how the credit score system works, more than half believe they're more financially mature than their parents. Does the data support that confidence?
Read More »Will Housing Affordability Improve in 2024?
Housing costs reached record highs for homebuyers and renters in 2023, but affordability is projected to improve this year. A new Zillow report shares predictions for the hottest housing markets of 2024.
Read More »Median Housing Payment Down From October Peak
Monthly mortgage prices have dropped by a few hundred dollars since October, reaching their lowest level in nearly a year.
Read More »Freddie Mac: Mortgage Rates to Continue ‘to Drift Downward’ in the New Year
Freddie Mac reports a slight one basis-point rise in the 30-year, fixed-rate mortgage to begin 2024, with rates moving sideways as the market digests incoming economic data for the new year. Here’s what they expect for the months ahead.
Read More »Locked-in Homeowners Look to Do-It-Yourself Solutions
"Craftsman Tools set out to further explore the impact today's housing climate has on Americans, and found that many homeowners would rather roll up their sleeves to tackle home improvement projects on their current home than give up their coveted low-rate mortgages for a new home," said Doug Redpath, President of Hand Tools, Accessories, and Storage for Stanley Black & Decker.
Read More »2024 Housing and Economic Conditions: Headed in the Right Direction?
According to a new LendingTree study, rates began to trend in the right direction after peaking in October, with the average rate for 30-year fixed mortgages falling to below 7.00% by December, ending the year more than a percentage point lower than their 2023 peak. But will economic conditions continue to ease in 2024?
Read More »Here to There: Insights From Latest National Movers Study
United Van Lines has released the latest iteration of their annual National Movers Study, which uses internal data based on multiple thousands of moves to determine inbound hotspots and outbound migration patterns.
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