...we expect those homeowners who are currently making payments on high interest mortgage loans to be among the first to take advantage of a reduction in rates as refinancing could...
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Home Buying Power Falls
As prices stray further from what qualifies as someone’s “within budget," a new Point2 study revealed that house buying power is diminishing for aspiring homeowners who find home prices—and sizes—far...
Read More »2024 Housing Market: Is a ‘Flat Stretch’ Ahead?
...to continue in 2024 since more than 90% of current homeowners are locked in at previous years’ mortgage rates. “Only when more homeowners decide to sell, and then buy again,...
Read More »Homeowners Prioritized Maintenance, Home Improvement Spending in 2023
Angi’s annual State of Home Spending report revealed an increase in spending on home improvement projects in 2023. The report found that homeowners, despite a year of rising mortgage rates...
Read More »Are These the Most At-Risk U.S. Housing Markets?
...5.2 percent of mortgages fell into that category, with homeowners owing more on their mortgages than the estimated value of their properties. Those with the highest underwater rates among the...
Read More »A “Perfect Storm” in 2023 Caused an Affordability Crisis for the Ages
...but housing prices remain high because there aren’t enough homes for sale. The $408,806 median home sale price in 2023 is the highest of any year on record. Many homeowners...
Read More »Habitat for Humanity Helped Build, Improve $13M+ of Homes in 2023
...conditions through training programs and advocacy work driven by Habitat in local communities. "This year, in the face of a global housing crisis, Habitat staff, supporters, volunteers, advocates and homeowners...
Read More »Younger Generations Facing the Negative Impacts of Homeownership
...mortgage rate) is an extra $1,223 a month. This discrepancy has created a feedback loop of limited inventory and growing prices, locking would-be buyers out of homeownership—especially those in the...
Read More »Homeownership Remains Biggest Driver of Wealth Accumulation Among Most Households
...wealthier than renters at every income level. For families in the bottom 20% of incomes, median net worth was nearly $147,000 for homeowners, and only $3,400 for renters. Homeownership is...
Read More »Home Upkeep Averaging $10K Annually
...According to the study, U.S. homeowners are spending an average of nearly $10,000 ($9,924) each year on upkeep, repairs, and maintenance of their homes. Seventy-four percent of homeowners who are...
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