...formation and population growth. Housing costs hit record highs for both buyers and renters in 2023. This made buying and selling an expensive proposition, even for homeowners with plenty of...

...sourcing tools, 64% of homeowners surveyed show a tendency to buy the necessary tools rather than borrow. The challenge homeowners face: More than 2-in-5 homeowners (44%), particularly millennials (63%), admit...

...to be anywhere close to as white-hot as it was during the height of the pandemic. In the same vein, lower rates could make selling more appealing to homeowners who...

...and continued to push higher,” added Luke. “With mortgage rates easing and the Federal Reserve guiding toward a slightly more accommodative stance, homeowners may be poised to see more appreciation.”...

...bit more expensive to a tune of $250 per month. Elevated mortgage rates have also propped up housing costs by limiting supply. Many homeowners are staying put instead of selling...

...become homeowners usually do so with a lower-priced starter home," said Fleming. “While the homeownership rate for millennials recently surpassed 50%, there are still a lot of potential buyers bidding...

...rates the market was at during that time, homeownership was out of reach for the majority of people—the typical mortgage cost about $1,277 per month, and its mortgage burden was...

Though home prices are high and still rising, high interest rates are discouraging many homeowners from selling and getting a new mortgage on a different home, and homeowner mobility has...

...of existing homeowners will remain rate-locked in, even if rates drift closer to 6%,” said Fleming. “The road back to a market that is not too hot, not too cold,...

...choices or circumstances, making it difficult to make changes or switch to alternative options. In the case of homeownership, homeowners feel stuck in their existing properties due to unfavorable economic...