With mortgage rates hitting a 23-year high and worsening affordability continuing to hamper potential homebuyers and renters nationwide, multigenerational households are becoming much more common, according to a new RentCafe report. Here’s what else the report reveals.
Read More »New Zillow Maps Highlight Regions Faced With Homeownership Barriers
A new study has found that a lack of access to credit is preventing many renters from attaining homeownership, despite renters inhabiting areas where a monthly mortgage payment is less than rent.
Read More »Purchase-Mortgage Apps Dropped Below Pre-Pandemic Levels in October
As housing affordability and demand continue to worsen for Americans nationwide, the latest ICE Mortgage Monitor Report revealed that purchase-mortgage applications fell nearly 50% below pre-pandemic levels in October, representing the weakest numbers recorded since rates began to rise.
Read More »Luxury Home Prices on the Rise in Q3
Redfin reports that affluent homebuyers drove luxury home sales to the highest third-quarter level on record, growing nearly three times faster than non-luxury home prices. Click through to read the full analysis.
Read More »City-Funded Rent Vouchers Helping Combat Homelessness
A new study from the Joint Center for Housing Studies surveyed individuals currently or formerly experiencing homelessness about the most challenging obstacles when using housing vouchers. Here's what JCHS learned.
Read More »Share of Mortgaged Homes Considered Equity-Rich Declined in Q3
According to ATTOM's 2023 U.S. Home Equity & Underwater Report, while the number of equity-rich homes dropped in Q3, the share of mortgaged homes in the U.S. that were considered seriously underwater did see improvements. Click through to read the latest analysis.
Read More »New Home Construction Projected to Surge in 2024
Home building in exurbs is expected to accelerate in the coming year, according to a new study from The Plan Connection. Will it be enough to keep up with demand?
Read More »Millennials: Who They Are and Where They’re Going
A recent study took seven factors into account to rank the best states for millennials. See if your state made the cut here.
Read More »Fannie Mae Study: Why Homeowners Are Staying Put
Homeowners nationwide are staying put as a historically low supply of existing homes for sale continues to make homeownership more difficult for buyers. New Fannie Mae research examines the factors that are keeping homeowners locked in place and leaving homebuyers in the lurch.
Read More »Mortgage App Volume Falls for Third Straight Week
Despite the fixed-rate mortgage dipping slightly over last week, rates still linger nearly 30 basis points higher than they were a month ago. The MBA reports purchase apps have dropped to their lowest levels since 1995, and refi apps to points last found in January 2023.
Read More »