A lack of affordable homes has created millions of “missing households” which are keeping families in shared homes or the rental market.
Read More »May’s Housing Starts Rise Above Expectations
“U.S. housing starts in May came in above consensus expectations at a seasonally adjusted annual rate of 1.63 million, which is 21.7% above the revised April estimate of 1.34 million and 5.7% above the May 2022 rate of 1.54 million,” said First American Economist Ksenia Potapov.
Read More »Housing Vouchers Could Be Key to Reducing Racial Homeownership Gaps
The Housing Choice Voucher homeownership program could help reduce the racial homeownership gap in the U.S., allowing households with a voucher to use it for mortgage payments rather than rent, advancing homeownership opportunities for Black non-Hispanic households.
Read More »Homebuyers Remain Motivated Despite Challenging Market Conditions
According to Zillow's May 2023 Market Report, newly pending listings are up nearly 10% from April, as homebuying competition is driving home prices up and housing inventory down to record lows for this time of year.
Read More »All-Cash Home Purchases Account for Bigger Slice of Housing Market
According to a new report from Redfin, some 33.4% of U.S. home purchases in April were made in cash, marking the highest share of all-cash home sales since 2014.
Read More »Out-of-Area Home Shopping Most Popular in the West, Northeast
According to Realtor.com’s data, Western shoppers are the most likely to look for out-of-market homes, but Northeastern shoppers sit closely behind in second place. Here's what else the report reveals.
Read More »Credit Availability Tightens as Demand Shrinks, Rates Rise Again
As affordability struggles worsen for homeowners and buyers nationwide, for-sale inventory is now at its lowest level since April 2022, according to Black Knight's latest Mortgage Monitor Report for April.
Read More »Where Home Affordability Is Declining the Fastest
“Affordability declined month-over-month in all of the 50 markets we track, but some markets saw a much sharper decline than others,” said First American Chief Economist Mark Fleming.
Read More »Mortgage App Volume Falls for Third Consecutive Week
As mortgage rates creep toward the 7% mark, the MBA reports a third straight week of waning interest in mortgage apps, with a lack of inventory playing a role in purchase app drop-off.
Read More »Buyer’s Remorse? Survey Breaks Down Recent Homebuyer & Seller Sentiment
A majority of homebuyers polled in a recent survey reported post-purchase regrets, according to a new report from Clever Real Estate. Click through for a look at the sentiments and specifics from this survey.
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