...a typical year. Uptick in sellers: Homeowners nestled in their sub-4% mortgage rates will be prompted by life events (changing family and/or financial circumstances) to list their homes. This should...
Read More »Search Results for: homeowners
The Growing Value of Owner-Occupied Homes
...compared to many others. Oklahoma City, where the total value of owner-occupied housing units is $96.2 billion, is the only other metro where homeowners are sitting on less than $100...
Read More »Affordability Drove Migration in 2023
...roots," said Zillow Senior Economist Orphe Divounguy. "Housing costs hit record highs last year, and made both buying and selling difficult, even for homeowners sitting on massive equity. Finding a...
Read More »Overcoming Homebuying Hurdles
...before the end of 2024 say high interest rates remain a barrier to homeownership, and 67% regret not purchasing a home when rates were lower. More than three in four...
Read More »How Many U.S. Households Are Considered ‘House Poor’?
...assess the housing costs of existing homeowners and how many of them are currently struggling to keep roofs over their heads. Key Findings: Nationwide, 30.8% of homeowners, whether with or...
Read More »Accessory Dwelling Units Offer Relief from Housing-Related Challenges
...Massachusetts from Around the Country,” they examine ADU-related laws and regulations. We begin by noting that despite their potential benefits, many homeowners oppose efforts to allow ADUs, usually because of...
Read More »Consumers Reveal Their 2024 Mortgage Rate Expectations
...already-significant downtick in 30-year mortgage rates, from their high of nearly 8% in early November to 6.62% as of this past week. Notably, homeowners and higher-income groups reported greater rate...
Read More »Uptick in Housing Supply Pushing Rents Downward
...Economics Research Lead Chen Zhao. “That’s because more Americans would ditch the rental market to become homeowners, leaving landlords with even more vacancies.” There are more newly built and under-construction...
Read More »Increasing Pathways to Affordable Housing
The Five Star Institute recently held the latest in its Webinar Series, “Bridging the Homeownership Gap: Strategies for Affordable Housing,” presented in partnership with Xome. Five Star’s Webinar Series aims...
Read More »Millennials Believe They’re More Financially Savvy Than Their Parents
...37 years old, the average millennial homeowner surveyed accomplished this feat at age 29. Seventy percent of millennials surveyed are homeowners, and while women felt less confident in their long-term...
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