Tag Archives: home costs

While the average U.S. state experienced more than a 3% increase in home prices last year, a new study from the New Jersey Real Estate Network revealed the states where prices rose the highest in 2023 and how it affected prospective homebuyers.

PWC’s Emerging Trends in Real Estate report examines this and other factors, as well as the possible implications the many Americans not returning to their physical offices may have on commercial real estate.

According to a new Creditnews report, the number of American households considered "house poor" varies by state, with 17 exceeding the national average, as housing affordability continues to put financial pressure on prospective homebuyers and homeowners alike.

The Fannie Mae Home Purchase Sentiment Index revealed consumers' optimism surrounding mortgage rates surged in December, and according to Mark Palim, VP and Deputy Chief Economist at Fannie Mae, "a more optimistic rate outlook among consumers may signal an expectation that home affordability pressures will ease in 2024."

Housing costs reached record highs for homebuyers and renters in 2023, but affordability is projected to improve this year. A new Zillow report shares predictions for the hottest housing markets of 2024.

According to a new LendingTree study, rates began to trend in the right direction after peaking in October, with the average rate for 30-year fixed mortgages falling to below 7.00% by December, ending the year more than a percentage point lower than their 2023 peak. But will economic conditions continue to ease in 2024?

Zillow's latest housing market report revealed that cooling home values, lower mortgage rates, and easing costs made home purchases more affordable for buyers in November, with sellers offering price cuts in increasing numbers.

A new Point2 study revealed homes are selling at a much faster pace than they did last year, flying off the market as increasing housing competition and dwindling inventory drive homebuyers to snatch up the limited options available.

While limited supply remains one of numerous challenges for homebuyers, a new Realtor.com study revealed down payments hit a new peak in Q3, fueled in part by October mortgage rates hitting their highest levels in more than two decades.

As homebuyer demand cools as a result of October mortgage rates hitting their highest level in over two decades, a new Redfin report showed that the share of home sellers offering concessions to attract more buyers is increasing, as some experts say house hunters are "pickier than ever before."