Latino homeownership lagged 22 percentage points behind white homeownership in 2021 and experienced significantly higher mortgage denial rates than their white counterparts, according to Fannie Mae’s new Latino Housing Journey. Click through for more on the disparities Latino households face and policy solutions that could increase homeownership opportunities.
Read More »Western Markets Experiencing the Largest Rent Drops Nationwide
While rents remain nearly 25% higher compared to the same time in pre-pandemic 2019, rent prices in the expensive West are seeing the largest year-over-year declines, according to Realtor.com's May 2023 Rental Report.
Read More »Social Media Hacks Helping Homeowners Save on Costly Repairs
Nearly 1 in 4 homeowners can’t cover a $1,000 home repair emergency in 2023, according to a new survey from All Star Home, leaving many homeowners turning to social media for hacks to try and tackle the issues themselves.
Read More »Metro Areas Where Homebuying Is Cheaper Than Renting Dwindling Nationwide
According to a new report from Redfin, while the typical U.S. home costs an estimated 25% more per month to own than rent, homebuying is only more affordable than renting in Detroit, Philadelphia, Cleveland, and Houston.
Read More »Share of Cost-Burdened Households Headed by Single Moms Hits 43%
As nearly 18 million owner-occupied homes throughout the U.S. are now housing-cost-burdened, a new study from LendingTree revealed the share of households headed by single mothers are much more likely to overspend on housing costs than others.
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 »Staying Put: What Homeowners Need to Age in Place
As many seniors expressed worry about high interest rates, some 90% said they still want to age in place, but a new Point study revealed mounting costs for home improvements may be necessary in order to stay put.
Read More »Renters of Color Pay Higher Security Deposits, Application Fees
According to a new report from Zillow, renters of color are more likely to pay higher upfront costs when applying for a rental compared to white renters, while Black and Latinx renters were nearly twice as likely to submit multiple rental applications before securing a lease.
Read More »Share of Americans Living Rent-Free Surpasses Nearly Four Million
While the share of adults behind on rent surpassed eight million nationwide, a new LendingTree study revealed an estimated 3.6 million Americans currently live rent-free, another financial alternative to combating inflated housing costs.
Read More »Texas Targeted as a Top Relocation Destination
A new analysis from United Regions Van Lines examines the states that offer the greatest housing savings and which states rank highest in employment opportunities.
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