Tag Archives: Homeownership

While elevated housing costs continue to hinder homebuyers and renters nationwide, a new study from Apartment List revealed that the share of American renters who are cost-burdened has risen to the highest level since 2012, according to recent Census data.

"New AI-powered technologies are allowing lenders to complete their work without having to maintain today’s high staffing levels," said Argun Kilic, CEO of Areal. "Even better, these new tools work with their legacy technologies."

According to a new report from Fannie Mae, a deceleration in home prices is likely in 2024, with economic growth projected to slow.

As relocation patterns continue to shift nationwide, the Mountain West region has emerged as a hot spot for homebuyers, according to a new study from StorageCafe, with Idaho topping the list with the highest net migration rate in the nation.

According to a new Redfin report, new listings have ticked up, but near-8% mortgage rates are causing many potential homebuyers to retreat, as purchase applications remain near their lowest level in nearly 30 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.

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.

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.

Record-high mortgage payments continue to motivate sellers to lower asking prices to attract more buyers, as a new Redfin report revealed the average homebuyer’s monthly housing payment is up nearly 9% year-over-year, reaching a new all-time high.

A new survey from LendingTree revealed that in addition to rising mortgage rates and housing costs, approximately 39.79% of respondents cited rent increases as the primary reason why they felt pressured to move, followed by landlords not making repairs and living in unsafe neighborhoods.