Migration

The latest Zillow Home Value Index revealed that despite mortgage rates hitting a 23-year high, housing demand has remained resilient, but home values are dropping nationwide as the market continues to cool.

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.

“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.”

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.

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.

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.

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."

Millennials and Gen Zers face many obstacles in their pursuit of the American Dream, including mortgage rates hitting a 23-year high. Click through to read what a new Chase survey reveals the challenges facing younger consumers and how they are shaping their attitudes towards homeownership.

A new poll from U.S. News & World Report ranks the nation’s top destinations where retirees are settling down based on affordability, healthcare, desirability, retiree taxes, job market, and overall happiness. Click through to find out which state occupies seven of the top 10 most sought-after areas.

New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.