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Buyers Looking Forward to Homeownership in 2024

According to a new Realtor.com survey, while 2024 is expected to remain a challenging year for homebuyers, nearly all first-time homebuyers overwhelmingly feel that they’ll be able to afford a home within their lifetime.

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Mortgage Payments Dip as Lock-In Effect Eases

More home sellers are listing their homes in the New Year, according to a new Redfin report, as mortgage applications tick upwards from last year’s levels while monthly housing payments decline from their all-time high recorded in October 2023.

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2024 Brightens for Homebuyers

According to a new Bright MLS Forecast, a slowdown in price growth and reduction in mortgage rates should boost the housing market over the next 12 months.

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Affordability Drove Migration in 2023

A Zillow study of United Van Lines data shows that people relocated to metros that were $7,500 less expensive in 2023, with Charlotte, Providence, and Indianapolis reporting the highest net in-migration among the nation’s 50 largest markets.

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Overcoming Homebuying Hurdles

Millennials polled in a recent survey noted that the current rate environment has deterred their purchase plans, and three out of four feel the market may get worse before it improves.

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