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Q3 New Home Construction Reaches Highest Share on Record

The number of homeowners putting their houses up for sale has decreased as mortgage rates hit a 23-year high, according to a new Redfin report. The study showed that nearly 31% of U.S. homes for sale are newly built—but a slowdown may be on the horizon. Click through to learn why.

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Midwest Markets Gaining More Popularity

Potential homebuyers are looking at areas with affordable home prices and lowered housing costs, according to a new WSJ/Realtor.com report, which showed the Midwest is emerging as a new option for home shoppers despite facing low inventory and a quick market pace.

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New Listings Hold Fast Despite Near-8% Mortgage Rates

The average homebuyer's monthly housing payment surged to an all-time high as mortgage rates hit their highest level in more than two decades during the first week of October. However, according to a new Redfin report, September experienced a slight uptick in new listings despite ongoing affordability challenges.

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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.”

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Baby Boomers, Millennials Lead the Nation in Solo Renting

A new study from RentCafe revealed renting alone has become an increasingly popular trend, with baby boomers making up the largest population of renters living alone in the U.S. followed by millennials, as the number of solo renters reached a record high of 17.7 million in 2020 and continues to grow.

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