Homeowners nationwide are staying put as a historically low supply of existing homes for sale continues to make homeownership more difficult for buyers. New Fannie Mae research examines the factors that are keeping homeowners locked in place and leaving homebuyers in the lurch.
Read More »Homebuyers Resort to Family Roommates, Sharing Childcare to Save Money
Potential homebuyers are now co-buying and living with relatives for longer periods of time, according to a new survey from Realtor.com. Meanwhile, proximity to family remained a leading factor in choosing a place to live as many cohabiting Americans seek relief from childcare and housing costs.
Read More »Total Housing Market Values Up Nearly 50% From Pre-Pandemic Levels
A new Zillow study revealed that total U.S. housing value has surged more than $2.6 trillion over the past year, an estimated 49% higher than before the pandemic, with new home construction continuing as the primary driver of housing market growth.
Read More »Renting vs. Buying: Examining the Cost of Homeownership
Potential first-time homebuyers looking to shift from renting to homeownership in 2023 are facing mortgage rates that are nearly 4 percentage points higher than the low point in Q4 2020, limiting their purchasing power. In a new analysis, First American Economist Ksenia Potapov revealed the costs of renting against the costs of owning a home.
Read More »Examining Aging Homes Across the U.S.
A new study from All Star Home found more than 1 in 5 homeowners regret purchasing/owning an older home, having spent an average of $10,700 on repairs over the last five years.
Read More »California to Texas Migration Route Becomes Even More Popular
According to a new study from StorageCafe, California to Texas is the most popular interstate relocation route in the U.S. Roughly 111,000 people took that route in 2021, with an estimated 46% of people who migrated being millennials.
Read More »How Much Do Homeowners Spend On Home Costs?
The average homeowner spent more than a quarter of their annual income on their mortgage, taxes, and insurance.
Read More »Affordability Leading People to the ‘Brink of Experiencing Homelessness’
The House Financial Services Committee held a hearing on the housing affordability crisis and what could be done to assist low-income families. Click through to read more.
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