Amid ongoing affordability issues and an unpredictable market, renters can get the biggest bang for their buck by renting in smaller cities like Amarillo, Texas; Little Rock, Arkansas; and Oklahoma City.
Read More »Demand Dampens, Market Shows More Signs of Cooling
The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019 —according to a new report from Redfin. Supply has built ...
Read More »Nationwide, Housing Inventory Remains Scarce Amid Record High Interest Rates
The number of contract volume and new net listings experienced the largest decrease since June 2020, while the share of price drops increased 132% overall year-over-year.
Read More »Homebuyers Find Relief in Slowing Market
According to Redfin Chief Economist Daryl Fairweather, “Conditions for homebuyers are improving. Housing remains expensive, but mortgage rates just posted their biggest weekly drop since 2008, which makes buying a home a bit more affordable."
Read More »Consumers Express Pessimism, Frustration With Housing Market
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 3.4 points in June to 64.8, its second-lowest reading in a decade, according to their latest report. Surveyed consumers ...
Read More »U.S. Median Rents Exceed $2k in May
The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May rising 15% year-over-year to a record high of $2,002—according to ...
Read More »Nationwide, Housing Now Less Affordable Than Since Mid-1980s
Today, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, looking at recent cooling of annual rate of home price appreciation and ...
Read More »Experts: Housing Market Is Weakening But Not Crashing
As Americans continue to be confused by the storm of seemingly contradictory news, data, and forecasts on the housing market’s future, consumers are still witnessing record monthly price ...
Read More »Home Price Appreciation Projected to Slow by May 2023
New research from CoreLogic revealed year-over-year home price growth dropped slightly from April but still posted an estimated 20% increase in May. Meanwhile, experts project annual U.S. home price appreciation to slow next year, but by how much?
Read More »Wells Fargo Donates $40M in Efforts to Grow Diverse Housing Developers
The estimated $175 billion U.S. housing development market is known for high barriers to entry, as data shows real estate developers of color make up less than 5% ...
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