Asian (27%), Hispanic (24%), Black (20%), and white (15%) prospective homebuyers surveyed say they have not yet bought a home mainly because they are waiting for prices to decline. Click through to find out more from the National Association of Realtors.
Read More »Biden Administration Unlocks Plan to Bolster U.S. Housing Supply
In a response to the lack of housing available to the nation’s homebuyers, the Biden Administration has issued guidance on new solutions to expand housing inventory affordability. Click through to find out what the government plans to do to support this initiative.
Read More »Austin’s Housing Fortunes Flip
Once known for its speed and red-hot market, Austin, Texas, is now one of the slowest housing markets in the U.S. A new Redfin report examines the factors in play.
Read More »The Week Ahead: Zeroing in on the Roots of Appraisal Bias
The Federal Financial Institutions Examination Council’s Appraisal Subcommittee will host a panel of federal officials discussing residential appraisal review, and how to better understand the challenges and potential solutions related to appraisal bias.
Read More »New Listings Up, But Homebuyer Budgets Hampered by Rising Home Prices
According to a new Redfin report, new listings posted their first annual increase since July 2022, offering homebuyers more options as homeowners continue to put their homes on the market despite mortgage rates hovering near 8%.
Read More »How Many U.S. Regions Reported YoY Declines of Pending Home Sales?
"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.
Read More »Continued Mortgage Rate Hikes Subduing Homebuyer Demand
As we head into Halloween, mortgage rates continue to edge closer to the 8% mark, resulting in the longest consecutive rate rise reported since the Spring of 2022. Click through to see what else buyers may fear as we enter the final months of 2023.
Read More »Average Nationwide Mortgage Payment Drops Slightly in September
The MBA reports that affordability improved slightly for the nation’s homeowners in September, as the national median payment applied for by purchase applicants fell slightly month-over-month. Click through to learn more about the changes.
Read More »Austin Real Estate Losing Steam (But Is That a Good Thing?)
“I’m telling buyers that this is the first time in years they can get a deal on a house, even with high mortgage rates,” said Austin-area Redfin Premier Agent Carmen Gioia.
Read More »Survey: Americans Want Their Voices Heard in Affordable Housing Discussions
According to a new survey, less than two in five Americans agree that their voice is being heard in conversations about housing affordability. Many respondents also cited the desire for stronger leadership discussing the topic in their communities. Read more from the survey by clicking through.
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