While undoubted racial disparities in housing persist, Black Americans often face significant homeownership barriers, including lenders denying their mortgage applications at higher rates than the overall population. According to a...
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The Housing Reality for Those Who Teach
...year due to the lock-in effect prompting many homeowners to stay put. That has left buyers with limited options—an imbalance of supply and demand that’s keeping prices elevated. “The shortage...
Read More »New Market High: Home Values Rose in 68 of Top 100 Cities
...is propping up home values,” said Redfin Economics Research Lead Chen Zhao. “Tons of homeowners scored an incredible deal during the pandemic: a 3% mortgage rate for the remainder of...
Read More »Americans Remain Worried About Their Chances of Owning a Home
...whatever they want with the space—that’s just ahead of not having to worry about renewing a lease (58%) as the top reason to prefer homeownership. Being proud of homeownership (49%)...
Read More »Average American Homeowner Rents for Five Years Before Buying a Home
Throughout the U.S., homeownership is seen a big part of the classic American dream, and deemed the pinnacle of success to many. But for a great deal of Americans, saving...
Read More »Home Values Climbed in Nearly All Major Markets From June to July
...research finds that homeowners are stubbornly holding on to their houses. New listings of existing homes have once again set a new seasonal low-water mark, as roughly 336,000 came to...
Read More »Mortgage Rates Continue to Climb, Edge Closer to 7% Mark
...buyers are struggling with lingering affordability issues, but homeowners are on solid footing. “While elevated mortgage rates continue to pose a significant challenge to affordability, today’s homeowners are still in...
Read More »Amid Record-High Premiums, Home Insurance Markets Face Unprecedented Carrier Exits
...reaching an all-time high of 44% in June. As a result, homeowners in the US experienced a significant reduction in policy options in 2023 compared to the previous year, with...
Read More »Homebuying Remains a Mystery for Many Americans
...$299,999, while another 23% think it costs between $300,000 and $399,999. Despite underestimating current home prices, 76% of non-homeowners are concerned about rising home prices. New research showed that just...
Read More »Trading Rent for a Mortgage Might Backfire in These Metros
...IN and Chesapeake, VA are next in line: The typical renters here could all secure more living space if they became homeowners. However, it's Toledo, OH that's the Goldilocks city:...
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