A new NAREB study showed the ongoing housing shortage remains a challenge for Black homebuyers in the U.S., compounding factors such as lower median incomes, unfavorable housing market conditions, and institutional bias.
Read More »U.S. Homeowners Unable to Tap Into Home Equity
“It’s unfortunate so many homeowners are left behind when it comes to accessing their home equity,” said Eddie Lim, Co-Founder and CEO of Point. “Homeowners have earned their equity through diligence, hard work, and planning. They should have a path to leverage their equity even if they don't have perfect credit and a high income.”
Read More »The Week Ahead: Tackling the Nation’s Housing Shortage Dilemma
An upcoming gathering hosted by the Urban Institute and National Community Stabilization Trust will feature a cross-section of industry experts and government leaders exploring how to boost the U.S. housing shortage and protect the future of homeownership.
Read More »Is Now an Ideal Time to Buy a Home?
Redfin analysts weigh a number of variables playing into potential homebuyers’ decision-making process and reveal why now may be the best time to pursue the American dream of homeownership.
Read More »Increasing Rental Inventory Fuels Rise in Vacancies
While available rental inventory has increased, the overall rental vacancy rate hit nearly 7% in Q3, representing the highest level since 2021. A new Redfin report shows asking rents continuing to linger just below their record high from October.
Read More »Cost of Living, Mortgage Rates Keeping Many Homebuyers ‘on the Sidelines’
Freddie Mac reports a second week-over-week slide in the 30-year fixed-rate mortgage, as markets adjust to the Fed’s second consecutive pause in rate hikes. Here are the factors a Freddie Mac economist says are allowing the housing market to “remain stagnant.”
Read More »The Impact of Department of Energy Regulations on Housing Affordability
A recent House Committee on Small Business hearing examined regulations from the Department of Energy and the impacts they are having on both home seekers and home builders.
Read More »Down Payment Assistance Resources on the Rise Nationwide
A new study has found that housing authorities rolled out a number of homebuyer assistance programs in Q3 to assist buyers and take the edge off of monthly mortgage payments.
Read More »National Median Home Prices Continue to Rise in Q3
NAR Chief Economist Lawrence Yun noted that "the persistent lack of available homes on the market will make the dream of homeownership increasingly difficult for younger adults unless housing supply is significantly boosted."
Read More »Median Down Payments Push Past $60K
Due to an environment of rising mortgage rates and an influx of all-cash buyers, more and more are having to increase their down payments to offset the cost of rising homes. Click through to find out why there is a prevalence of all-cash buyers in the current market.
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