Office-to-apartment conversions have more than quadrupled in the past four years, according to a new study, which revealed that the reconstruction of office buildings into living spaces is expected to hit a new record in 2024.
Read More »International Markets Boast Less Space, Affordability for Starter Homes
How many years' worth of income do homebuyers across the globe need to afford a starter home? A new article revealed the amount required and in which countries beginning homes are affordable to buy—and where they're not.
Read More »Builder Sentiment Surges, But Challenges Lie Ahead
According to the National Association of Home Builders, single-family starts are expected to grow in 2024, and while builder sentiment improved, "builders will face growing challenges with building material cost and availability, as well as lot supply," according to NAHB Chairman Alicia Huey.
Read More »Which Cities Does Gen Z Have the Best Chance at Homeownership?
As housing affordability remains a concern for many Americans, a new Point2 study revealed the biggest U.S. cities where it's easiest for Gen Zers to become homeowners—and locations where it's nearly impossible.
Read More »New Home Purchase Mortgage Apps Post YoY Gain
According to Joel Kan, MBA’s VP and Deputy Chief Economist, “Mortgage applications for new homes showed a 22% annual gain in December—the 11th consecutive year-over-year increase in applications.”
Read More »Rents Outpacing Home Prices in More Than Half the Nation
Rents are elevating, growing at a much faster pace than home prices in most local U.S. markets. According to new data, however, renting remains more affordable than homeownership for many.
Read More »Price Increases Complicating the Homebuying Process
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.
Read More »Finding a Home Connection More Stressful Than Finding a Love Connection?
While purchasing a home can come with many challenges, according to a new Redfin survey, nearly 60% of recent homebuyers said purchasing a home is more stressful than dating, as mortgage rates remain at their highest level in more than two decades.
Read More »U.S. Home Affordability Grows More Challenging in Q3
"The dynamics influencing the U.S. housing market appear to continuously work against everyday Americans, potentially to the point where they could start to have a significant impact on home prices," said Rob Barber, CEO for ATTOM.
Read More »Housing Affordability Reaches Lowest Point in Over Three Decades
According to the First American Real House Price Index, housing affordability dropped to its lowest point in more than three decades, with home prices jumping 2% from June.
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