Out-of-town moves among homebuyers have declined from a year ago because fewer people are moving, according to a new report from Redfin, as rising interest rates and high home prices continue to deter Americans nationwide.
Read More »The American Dream—for Rent
Inflated home prices and rising interest rates are making renting more appealing to many Americans nationwide, as the construction of new build-to-rent homes hit a record in 2022, according to a new report from RentCafe.
Read More »Examining Home Price Growth Gaps Across the U.S.
“The stark difference in home-price dynamics between the Bay Area and Miami may be a reflection of a long-term, pandemic-fueled shift in where people choose to live,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »First-Quarter Median Home Values Decline in Opportunity Zones
In Q1 of 2023, typical home values in Opportunity Zones continued to fall below those in most other neighborhoods around the nation, according to ATTOM's new analysis.
Read More »Housing Payments Hit New High as Rates Surpass 7%
Monthly housing payments have reached a record-high of $2,614, as mortgage rates climbed to 7.12%, pricing out many homebuyers with tight budgets, according to Redfin.
Read More »West Virginia and Maine Possess the Highest Homeownership Rate Nationwide
Data culled from the 2020 Census Demographic Profile and Demographic and Housing Characteristics File has found that West Virginia and Maine reported the highest homeownership rates in 2020, while the District of Columbia reported the lowest homeownership rate nationwide.
Read More »Home Price Growth Reached 13-Year High in Spring 2022
While home prices rose nationwide in 2022, the frenzied pandemic-era housing market made price growth trends more local than they had been since 2009, according to a new report from Redfin.
Read More »Mortgage Apps Fall Nearly 5% Week-Over-Week
With mortgage rates rising to levels last seen in March, the MBA reports that overall application volume dropped 4.6% week-over-week, amid a continued lack in the nation’s housing inventory.
Read More »USMI Appoints Christina Brown as VP and Senior Counsel
“We are thrilled to have Christina join our team and share her deep knowledge of the mortgage industry, the housing finance system, and the regulatory process to support our members as they enable access to affordable homeownership, while strengthening the safety and soundness of the housing finance system,” said Seth Appleton, President of USMI.
Read More »Affordable Suburbs Near Red-Hot Housing Markets Heighten Homeownership Opportunities
For many renters and home seekers nationwide, becoming a homeowner remains a challenge as record-high mortgage rates and inflated housing costs persist. A new study reveals which affordable suburbs may offer homebuyers a better chance of attaining homeownership.
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