While purchasing a home can come with many challenges, according to a new Redfin survey, nearly 60% of recent homebuyers said purchasing a home is more stressful than dating, as mortgage rates remain at their highest level in more than two decades.
Read More »Millennials Lag Behind Boomers in Homeownership Rates—But for How Long?
“At age 30, the millennial homeownership rate is approximately six percentage points lower than that of their generational predecessors, Generation X, at the same age,” First American Economist Ksenia Potapov said.
Read More »Housing Sentiment Declines Further as Mortgage Rates Remain Elevated
High mortgage rates have pushed consumer housing sentiment even lower, according to Fannie Mae's latest Home Purchase Sentiment Index, as more Americans are now pointing to mortgage rates rather than home prices as the primary obstacle to achieving housing affordability.
Read More »Renting With an Average Salary in the U.S.
Experts have said for decades that rent/housing costs should not exceed more than 30% of your income. Here’s where the current average salary gets you the furthest.
Read More »HUD Announces Over $75M in Loan Guarantee Commitments
“The Biden-Harris Administration and HUD are committed to building and preserving more housing, supporting small businesses, and strengthening communities,” said Secretary Marcia L. Fudge. “This loan guarantee will support projects in Nebraska and California that will transform their economies and communities.”
Read More »LGBTQ+ Renters Disclose Their Financial Barriers to Homeownership
While the path to homeownership is challenging for many, according to a new survey from Redfin, LGBTQ+ renters are more likely to cite lack of family support and student loan debt as financial barriers to homeownership.
Read More »Lenders Adopting AI and Machine Learning to Improve Efficiency
Businesses are increasingly leveraging digital technologies to reduce errors and costs, speed up transactions, and drive enhanced and better customer service, according to Peter Ghavami, the VP of Modeling and Data Sciences for Fannie Mae.
Read More »Examining the Long-Standing Impacts of the Pandemic on the Housing Market
Homeowners are still refraining from moving because they want to hold on to their existing mortgage rates, while housing affordability remains at its lowest level on record, according to a new report from Bright MLS.
Read More »Nearly 2.5 Million U.S. Households Moved Into SFR Homes Over the Last Year
Through an analysis of U.S. Census Bureau data, the National Rental Home Council reports a 5.3% year-over-year increase of households moving into single-family rentals.
Read More »Racial Equity Gap: A Call to Action
The Federal Home Loan Bank of San Francisco has released a package of recommendations for updating the housing ecosystem to close the racial homeownership and wealth gaps.
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