As the nationwide homeownership rate sits at nearly 70%, a new study from PropertyShark revealed which economic factors continue to impact U.S. rates. Percentages in coastal and southern states have seen a sharper decline compared to states like New York or California.
Read More »Millennials: Getting Into Houses Earlier Than Their Parents
A new report from Redfin also reveals that Gen Z took advantage of ultra-low pandemic-era interest rates to make their homeownership dreams come true.
Read More »Homeownership Gender Gaps Persist
Although women make up a higher share of college graduates, single female household heads still have substantially lower incomes and are more likely to raise children than single male household heads.
Read More »Amid Market Concern, First-Time Buyers Maintain Optimistic Outlook
As homebuyers' perception of the economy and affordability continue to worsen, nearly 40% of Americans planning to buy their first home in 2023 revealed now is a good time to buy, as many continue to search for homes and save for downpayments.
Read More »Home Improvement Spending Outpacing Homeowner Incomes
A new report revealed where home improvement spending is rising faster than incomes, as homeowners in Southern states were found to spend more on home improvements compared to large cities like New York and Philadelphia.
Read More »Single Female Homeownership Increases Driving Overall Homeownership Rate Growth
Since 2019, the number of single, female-headed households has increased by 1.4 million, one million of whom are homeowners, according to a new report from First American.
Read More »Experts Foresee Home Price Growth Picking Back Up in 2024
According to a new Zillow survey, starting next year, experts foresee price growth picking back up at an average clip of 3.5% per year through 2027.
Read More »Increased Buying Challenges for People of Color
According to a new report from the National Association of Realtors, people of color nationwide are facing homebuying challenges, while the Asian American rate of homebuying difficulty reaches all-time high.
Read More »Racial Wealth Gap Widening for Black Homeowners
According to a new Apartment List report, the Black homeownership rate currently stands at 44% nationwide, as white homeownership continues to exceed Black homeownership in each metro analyzed.
Read More »Senior Home Equity Exceeds Record $11.8T
The National Reverse Mortgage Lenders Association and RiskSpan Reverse Mortgage Market Index hit a record high of 413.22, while senior housing wealth grew by nearly $226 billion in Q3 of 2022.
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