Currently, homes are on the market for an average of just 15 days, roughly half the time of pre-pandemic norms, according to a new Zillow report.
Read More »Examining U.S. Migration: Where Are People Moving To?
As relocation patterns continue to shift nationwide, the Mountain West region has emerged as a hot spot for homebuyers, according to a new study from StorageCafe, with Idaho topping the list with the highest net migration rate in the nation.
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 »Share of First-Time Hispanic Homebuyers Projected to Rise in Coming Years
Although denial rates are higher for Hispanic borrowers and worsening affordability continues to hinder homebuyers nationwide, a new study from the Urban Institute revealed that by 2040, an estimated 70% of new homeowners are projected to be Hispanic.
Read More »New Listings Hold Fast Despite Near-8% Mortgage Rates
The average homebuyer's monthly housing payment surged to an all-time high as mortgage rates hit their highest level in more than two decades during the first week of October. However, according to a new Redfin report, September experienced a slight uptick in new listings despite ongoing affordability challenges.
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 »Finding a Home Connection More Stressful Than Finding a Love Connection?
While purchasing a home can come with many challenges, according to a new Redfin survey, nearly 60% of recent homebuyers said purchasing a home is more stressful than dating, as mortgage rates remain at their highest level in more than two decades.
Read More »Housing Sentiment Declines Further as Mortgage Rates Remain Elevated
High mortgage rates have pushed consumer housing sentiment even lower, according to Fannie Mae's latest Home Purchase Sentiment Index, as more Americans are now pointing to mortgage rates rather than home prices as the primary obstacle to achieving housing affordability.
Read More »HUD Announces Over $75M in Loan Guarantee Commitments
“The Biden-Harris Administration and HUD are committed to building and preserving more housing, supporting small businesses, and strengthening communities,” said Secretary Marcia L. Fudge. “This loan guarantee will support projects in Nebraska and California that will transform their economies and communities.”
Read More »LGBTQ+ Renters Disclose Their Financial Barriers to Homeownership
While the path to homeownership is challenging for many, according to a new survey from Redfin, LGBTQ+ renters are more likely to cite lack of family support and student loan debt as financial barriers to homeownership.
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