As nearly 18 million owner-occupied homes throughout the U.S. are now housing-cost-burdened, a new study from LendingTree revealed the share of households headed by single mothers are much more likely to overspend on housing costs than others.
Read More »How Home Sales Bloom in Spring and Summer
A new study from ATTOM showed home sellers saw a near 13% premium in May, with the annual analysis revealing the best months and days to sell a home in the U.S.
Read More »Annual Home Price Growth Continues to Cool as Demand Rises
Home prices rose in March according to the latest Black Knight Home Price Index, driven by a modest bump in demand and further depletion in for-sale inventory levels.
Read More »Homeownership Remains Prohibitively Expensive for Many Americans
While monthly payments on many for-sale homes remain higher than they would’ve been a year ago, home prices are falling fastest in pandemic boomtowns like Austin and expensive coastal markets like Seattle and San Francisco.
Read More »Average Monthly Payment on New Mortgages Reaches $2,317
Due to persistently high home prices, new homebuyers may shell out costly amounts for their mortgage payments, as a new study from LendingTree reveals that the average nationwide payment on a new mortgage has reached $2,317 a month.
Read More »New Listings Down More Than 20% YoY
“High mortgage rates have caused some homebuyers to bow out of the market. But there are still more people looking for a home than there are homes for sale,” said Redfin Deputy Chief Economist Taylor Marr. “That’s good news for the homeowners who want or need to sell their home now."
Read More »Q4 Senior Home Equity Levels Dip to $12.39T Nationwide
According to a new report from National Reverse Mortgage Lenders Association, the slight drop in the NRMLA/RiskSpan Reverse Mortgage Market Index was driven by a modest decline in senior home equity from a peak of $12.42 trillion in Q3 2022 to $12.39 trillion in Q4 2022.
Read More »A Record One-Quarter of Homebuyers Looked to Relocate in Q1
According to a new report from Redfin, house hunters moving to a new area make up a bigger piece of the homebuying pie than ever, as record 25.1% of home searchers looked to relocate to a new metro in Q1.
Read More »Mortgage App Payments Inched Upward in March
Mortgage application payments increased 1.6% to $2,093 in March, according to the MBA’s Purchase Applications Payment Index, as many prospective homebuyers continue to delay their decisions to enter the market amid elevated home prices and low inventory.
Read More »Q1 Profits Decline Even Further for Home Sellers
Profit margins on median-priced single-family home and condo sales decreased to 44.2% nationwide, while home prices remained flat or continued their decline around most of the country, according to ATTOM's 2023 U.S. Home Sales Report.
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