Tag Archives: Housing Supply

A new study from RentCafe revealed renting alone has become an increasingly popular trend, with baby boomers making up the largest population of renters living alone in the U.S. followed by millennials, as the number of solo renters reached a record high of 17.7 million in 2020 and continues to grow.

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.

Fannie Mae announced the unveiling of HomeView en Español, a new resource available to help Latino communities and further address the homeownership gap in America.

According to a new LendingTree study, the nation’s most expensive towns are often found in popular vacation spots; however, such homebuyers may further deplete the already limited housing supply, driving up home prices and making housing difficult to afford for locals.

Month-over-month, HUD and the Census Bureau reported an 8.7% drop-off in new home sales in August, with sales impeded by mortgage rates over the 7% mark.

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.

A new All Star Home study revealed that 1 in 5 homeowners regret relocating, citing unexpected home costs as their top reason, while more than 20% of Americans said they regret how much they paid for their home.

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.

Two new studies from the National Association of Realtors show that elevated home prices and limited housing supply are continuous homebuying barriers cited across different races and ethnicities, hampering home sales and affecting prospective buyers nationwide.