While the state of Arizona recently limited homebuilding in the Phoenix area, a new report from Redfin revealed out-of-town homebuyers are still moving to popular Sun Belt metros despite the high risk of drought and flooding.
Read More »New Single-Family Home Sales Hit 15-Month High
The U.S. Census Bureau and HUD have found that new, single-family home sales were at a seasonally-adjusted annual rate of 763,000 in May 2023, 12.2% above April 2023’s rate of 680,000 marking the highest level reported since February 2022.
Read More »Stars, Stripes, and More: How Flag Displays Impact Potential Homebuyers
A new Redfin survey examined the question of how displays of various flags, ranging from the American flag to LQBTQ+ pride flags, impacted potential homebuyers’ likelihood to purchase a home in a given area. Here are the results.
Read More »Housing Market Improves Marginally in April
"The U.S. housing market continued to strengthen in April 2023," says Craig J. Lazzara, Managing Director at S&P DJI. "Home prices peaked in June 2022, declined until January 2023, and then began to recover.
Read More »California Metros Lead in Highest Share of Million-Dollar Homes
San Jose and San Francisco, notoriously high-cost areas, make up a majority share of homes in California, according to a new analysis from LendingTree. Click through to see which metros where million-dollar homes are most prevalent.
Read More »What Are Baby Boomers Looking for in Senior Housing?
A new report analyzes trends in the nation's population of nearly 76 million baby boomers, and the amenities they seek in living accommodations as many prepare to transition into senior housing.
Read More »Is Going Without Insurance a New Trend?
More-and-more people are choosing to go without home insurance for natural disasters for one reason or another. Click through for more on this emerging trend.
Read More »Fannie Mae’s Research Group Makes Downward Revisions for Mortgage Originations
“We forecast single-family purchase mortgage originations to be $1.32 trillion in 2023 and $1.41 trillion in 2024, representing downward revisions of $41 billion and $60 billion, respectively, relative to last month’s forecast,” the ESR said.
Read More »Advancing Latino Homeownership and Housing Stability
Latino homeownership lagged 22 percentage points behind white homeownership in 2021 and experienced significantly higher mortgage denial rates than their white counterparts, according to Fannie Mae’s new Latino Housing Journey. Click through for more on the disparities Latino households face and policy solutions that could increase homeownership opportunities.
Read More »Western Markets Experiencing the Largest Rent Drops Nationwide
While rents remain nearly 25% higher compared to the same time in pre-pandemic 2019, rent prices in the expensive West are seeing the largest year-over-year declines, according to Realtor.com's May 2023 Rental Report.
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