The MBA reports that mortgage app volume rose for the fourth consecutive week, fueled by a continued drop in rates at the outset of the spring buying season.
Read More »Gen Z Homebuyers Want Sustainable Builds, Smart Features
"The events of the past few years have made homebuyers more deliberate about what a home should offer them," said Nick Bailey, RE/MAX President and CEO.
Read More »Baby Boomers Outpace Millennials as Largest Generation of Homebuyers
According to a new study from the National Association of Realtors, the share of baby boomers has surpassed millennials across the U.S., now making up the largest generation of homebuyers nationwide.
Read More »High Mortgage Rates Putting a Damper on Million-Dollar Homes
The share of U.S. homes worth at least $1 million slipped to 7% from 8.6% in June, according to a new report from Redfin, as inflated mortgage rates continue to cool the housing market.
Read More »Housing Markets in ‘Zoom Towns’ Cooling at Rapid Rates
A new report from Redfin revealed Seattle, San Jose, Austin, and Phoenix are among the metros with the fastest-slowing housing markets as high mortgage rates, tech turmoil, and the lack of homes for sale deter homebuyers.
Read More »Helping Close the Homeownership Gap for Black and Hispanic Households
According to a new report form the Joint Center of Housing Studies, households of color are disproportionately excluded from the many potential financial and social benefits of homeownership, representing the persistently wide homeownership rate gaps between Black, Hispanic, and white households.
Read More »Housing Costs in Sunbelt Driving People Away
“People across the Unites States continue to feel the squeeze from higher housing costs, but the impact is uneven between regions,” said Anna Zhou, Economist for Bank of America Institute.
Read More »Spring Homebuying Season Kicks Off With Steady Demand
According to a new Redfin report, homebuying demand persists as mortgage rates declined for the second consecutive week after the Fed announced it will only modestly hike interest rates.
Read More »Single Women’s Homeownership Rate Falls
The single women’s homeownership rate declined in 2022 for the first time since 2016, with a slide of 4.1 percentage points from its peak of nearly 27% in 2021.
Read More »Where Single-Family Homes Are Cheaper Than Condos
According to a Point2 study, American respondents said transitioning from a condo to a house would be easier in 20 of the largest U.S. cities analyzed.
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