According to the National Association of Home Builders, single-family starts are expected to grow in 2024, and while builder sentiment improved, "builders will face growing challenges with building material cost and availability, as well as lot supply," according to NAHB Chairman Alicia Huey.
Read More »Which Cities Does Gen Z Have the Best Chance at Homeownership?
As housing affordability remains a concern for many Americans, a new Point2 study revealed the biggest U.S. cities where it's easiest for Gen Zers to become homeowners—and locations where it's nearly impossible.
Read More »The Week Ahead: Senate Examines Reauthorization of the National Flood Insurance Program
As the deadline nears for the renewal of funding for the National Flood Insurance Program, the Senate Banking Committee will spotlight the importance of the program, and how a lapse in the program could threaten 1,300 property sales each day.
Read More »Low-Rate Environment to Thaw Mortgage Lock-In Effect?
Doug Duncan, Fannie Mae SVP and Chief Economist, forecasts positive things for 2024. But here’s why rates “still have a significant way to go in order to meaningfully reduce the ‘lock-in effect.’”
Read More »Ally Financial to Appoint New Interim CEO
With his career spanning more than three decades, Ally Financial has announced that industry veteran Douglas Timmerman, President of Dealer Financial Services, will be appointed as the company's interim CEO on February 1, following the departure of sitting CEO Jeffrey J. Brown.
Read More »New Home Purchase Mortgage Apps Post YoY Gain
According to Joel Kan, MBA’s VP and Deputy Chief Economist, “Mortgage applications for new homes showed a 22% annual gain in December—the 11th consecutive year-over-year increase in applications.”
Read More »Rents Outpacing Home Prices in More Than Half the Nation
Rents are elevating, growing at a much faster pace than home prices in most local U.S. markets. According to new data, however, renting remains more affordable than homeownership for many.
Read More »Housing Stock on the Rise Nationwide
The Census Bureau and HUD report that single-family housing completions rose month-over-month in December, boosting housing supply nationwide.
Read More »Affordability, Inventory Still Weighing on Gen Z
“Housing affordability remains strained, but things are looking up for Gen Z,” said Redfin Chief Economist Daryl Fairweather.
Read More »Here or There? Study Spotlights the Best States to Relocate to in 2024
Analyzing data on the quality of healthcare, job openings, the quality of education, the average price of a home, and salaries, a new study has found the nation’s top 10 states to emigrate to in 2024. Click through to see who leads the pack.
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