A new Javelin study revealed that a majority of Gen Z’ers and nearly 40% of millennials would consider rent-to-own agreements as an alternative to purchasing as a result of low inventory and historically high mortgage rates.
Read More »Rental Affordability Window Closing for Many
While mortgage rates are discouraging buyers' homeownership goals, quickly rising interest rates continue to hamper renters’ already limited buying power in the nation’s most expensive markets.
Read More »Higher Education Proving Strong Contributing Factor for Millennial Homeownership
The latest analysis from First American Financial revealed that millennials are the most educated generation in American history, with nearly 40% possessing a bachelor’s degree or more, as those with higher education remain more likely to obtain homeownership.
Read More »New Listings Experience Biggest Annual Decline Since Pandemic Onset
Would-be sellers are becoming more reluctant to list their homes as surging prices begin to come down. With fewer new listings, buyers’ bargaining power is reaching its limit ...
Read More »Homebuyer Demand Slips as Mortgage Rates Approach 6%
Homebuying demand pulled back further as mortgage rates reached their highest level in over 13 years, according to a new report from Redfin. “Mortgage rates near 6% have ...
Read More »How Cosmetic Factors Affect Home Selling Points
A statement-making front door can boost a home's curb appeal and its value according to new research from Zillow, finding that homes with slate blue or black front ...
Read More »Home Sellers Nationwide Dropping Prices in Pandemic Hot Spots
Price drops have become increasingly common throughout the U.S., particularly in parts of Utah and other mid-sized metros in the West, according to a new report from Redfin. ...
Read More »Sale-to-List Price Ratio Hits All-Time High
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate ...
Read More »Renters Say Debt Is Preventing Them from Buying
According to a new report from Redfin, roughly 32% of renters nationwide are doing so because they can’t afford to buy a home in the area they desire ...
Read More »Florida Metros Show Lowest Percentage of Millennial Buyers
Across Miami, Jacksonville, and Tampa, an average of only 46.54% of mortgages were offered to millennials in 2021.
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