While households nationwide continue to struggle with the increased cost of living, doxoINSIGHTS’ 2023 State by State Bill Pay Market Report revealed the average American is spending almost $25,000 per year on household expenses, with 73% of consumers reporting that inflation is currently impacting their ability to pay bills.
Read More »Is This the End of the Starter Home?
Researchers from Point2 reveal that even in non-core, secondary, cities, affordable first homes are quickly becoming a thing of the past.
Read More »Limited Inventory Weakens Conventional Purchase App Activity
The MBA reports that overall mortgage application volume fell for the second straight week, with limited housing inventory and rates nearing the 7% mark hampering affordability for many potential buyers.
Read More »Homebuyer Affordability Remains Constrained as Purchase Apps Slip in June
While housing affordability remains a worry for many Americans, the MBA's Purchase Applications Payment Index revealed purchase applications inched downward in June, as home prices and mortgage rates remain elevated nationwide.
Read More »Rent Prices Continue to Moderate, Offering Financial Relief for Renters
While rents for one-bedroom units experienced their first year-over-year decline since 2020, prices remain 24.1% higher than 2019. However, Realtor.com’s June 2023 Rental Report predicts slowing inflation throughout the remainder of the year and continued financial relief for renters' budgets.
Read More »Study: Black Renters Struggled Most With Housing Payments During Pandemic
A new report from the Joint Center for Housing Studies revealed Black, Hispanic, and Asian households were far more likely than white households to fall behind on housing payments during the pandemic. Black renters were most vulnerable, with one in four reporting being behind on rent in 2020.
Read More »Biden Administration, HUD Secretary Challenge Junk Fees in Rental Housing
The Biden Administration and HUD announced they will increase the transparency of housing fees, and released new research that summarizes state and local innovation to address junk fees nationwide.
Read More »In Less Than a Decade, Americans Will be Priced Out of These Cities
While many metro areas continue to outpace the national average in terms of growth, GOBankingRates reveals the cities where homebuyers will be unable to afford homes in the next 10 years, with popular cities like Knoxville, Tennessee; and Albuquerque, New Mexico topping the list.
Read More »Midwest Metros Top List of Cities With Most Affordable Rentals
As economic inflation continues to impact rental prices nationwide, a new study from WalletHub examined the best and worst cities to rent in the U.S., with Midwestern states like North and South Dakota, Kansas, and Iowa topping the list of places with the most affordable rentals.
Read More »Measuring the Resiliency of the U.S. Housing Market
Taylor Marr, Deputy Chief Economist for Redfin, recently sat down with MortgagePoint to discuss recent migration trends, the direction of the market, and much more. Click through to hear his insights on the state of the nation’s housing landscape.
Read More »