Millennials and Gen Zers face many obstacles in their pursuit of the American Dream, including mortgage rates hitting a 23-year high. Click through to read what a new Chase survey reveals the challenges facing younger consumers and how they are shaping their attitudes towards homeownership.
Read More »Homebuyer Horrors: Examining 2023’s Scariest Housing Markets
As the Halloween holiday creeps nearer, a new Point2Homes study revealed what homebuyers are most frightened by in today's housing markets, such as volatile home prices and intensifying housing competition.
Read More »Mortgage Rates Push Closer to the 8% Mark
“Incoming data shows that the construction of new homes rebounded in September, but as rates keep rising, home builders appear to be losing confidence,” said Freddie Mac Chief Economist Sam Khater. Check out the data and further insights after the link.
Read More »New Home Purchase Mortgage Apps Increased in September
As record-high mortgage rates continue to hinder potential homebuyers nationwide, new home purchase activity weakened in September, according to the MBA's Builder Application Survey.
Read More »Share of First-Time Hispanic Homebuyers Projected to Rise in Coming Years
Although denial rates are higher for Hispanic borrowers and worsening affordability continues to hinder homebuyers nationwide, a new study from the Urban Institute revealed that by 2040, an estimated 70% of new homeowners are projected to be Hispanic.
Read More »Black, Hispanic Homebuyers Continue to Experience Discrimination During Homebuying Process
According to a new Redfin survey, discrimination drove roughly 1 in 10 Black, Hispanic, and LGBTQ+ respondents away from their previous residences. In addition, some 32% of Black and Hispanic respondents reported facing discrimination during their recent home search, while 22% of LGBTQ+ respondents reported feeling the same.
Read More »Mortgage Rates Climb to 23-Year High Point
Freddie Mac reports that mortgage rates reached levels last seen in December 2000, as the 30-year fixed-rate mortgage rose 12 basis points week-over-week and low supply continues to create affordability challenges for prospective buyers.
Read More »Fannie Mae Launches New Resources to Further Advance Latino Homeownership
Fannie Mae announced the unveiling of HomeView en Español, a new resource available to help Latino communities and further address the homeownership gap in America.
Read More »Americans Struggling with Homebuyer’s Remorse, Housing Costs
A new All Star Home study revealed that 1 in 5 homeowners regret relocating, citing unexpected home costs as their top reason, while more than 20% of Americans said they regret how much they paid for their home.
Read More »Renting Remains More Affordable Than Buying in Most Large U.S. Metros
According to Realtor.com's August 2023 Rental Report, buying a starter home in the top 50 metros cost approximately 60.3% more than renting, while median U.S. rents experienced their fourth consecutive month of year-over-year declines.
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