According to a new report from the National Association of Realtors, middle-income homeowners gained more than $120,000 in wealth over the past decade, as homeowners who benefited from home price appreciation were able to drop their debt by 21%.
Read More »Builder Confidence in Single-Family Home Markets Increased in April
According to the National Association of Home Builders, builder confidence increased due to a lack of resale inventory despite inflated interest rates, as new construction continues across the market.
Read More »HUD Earmarks Nearly $3B in Funding to Eliminate Homelessness
To further the Biden Administration’s commitment to addressing the nation’s homelessness crisis, HUD has issued $2.8 billion in Continuum of Care Competition Awards for thousands of local homeless service and housing programs across the U.S.
Read More »Home Prices Up Nearly 8% Nationwide From Last March
Both home sellers and homebuyers continue to struggle to navigate the market, with a new seller survey from Realtor.com revealing that home prices are up 7.8% from last year.
Read More »Inflation Hampering Home Improvement Projects Nationwide
A new analysis of data from Discover Home Loans has found that 75% of homeowners are finding projects to be more expensive than originally budgeted, causing some to reconsider their renovation plans.
Read More »Homeownership Gender Gaps Persist
Although women make up a higher share of college graduates, single female household heads still have substantially lower incomes and are more likely to raise children than single male household heads.
Read More »WFG National Title Announces Management Changes
Title insurance and real estate settlement services provider welcomes back David Jenkins as SVP, National Agency Manager, and promotes Tim Hooper to SVP, Mid-Atlantic Regional Manager for the company’s Agency Operations.
Read More »Rents Post First Annual Decline in Three Years
A new analysis of rent data from Redfin has found that the median asking rent fell 0.4% in March to the lowest level in 13 months, marking the first annual decline since the coronavirus was declared a pandemic.
Read More »The Week Ahead: Examining the Legalities of Tenant Background Checks
The Harvard Joint Center for Housing Studies will present a discussion on how granting landlords, employers, and other gatekeepers access to criminal records can create serious barriers to housing, jobs, and other opportunities.
Read More »Mortgage Rates Fall for Fifth Straight Week
A deceleration in inflation has sent mortgage rates tumbling for the fifth consecutive week, pushing mortgage apps upward to launch the spring homebuying season.
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