After more than a year of double-digit yearly rent gains, the U.S. median rental price in September posted its smallest year-over-year increase since last summer, further declining from its peak in July 2022.
Read More »Higher Education Proving Strong Contributing Factor for Millennial Homeownership
The latest analysis from First American Financial revealed that millennials are the most educated generation in American history, with nearly 40% possessing a bachelor’s degree or more, as those with higher education remain more likely to obtain homeownership.
Read More »Mortgage Credit Availability Falls to Nine-Year Low
Credit availability fell to its lowest level since March 2013 in September, as reports show credit tightening for the seventh consecutive month.
Read More »Potential Buyers Increasing Down Payments to Secure Homes
New data from Redfin's latest market report showed that homebuyers’ down payments doubled during the pandemic, and despite September revealing a slight decline from their peak in June, competition and increasing home prices continue to make it difficult for prospective buyers to afford homes.
Read More »After Giant Leap, Mortgage Rates Cool Slightly
On the heels of the Fed’s rate hike, mortgage rates edged near the 7% mark last week but trended back downward this week amid ongoing economic uncertainty.
Read More »Rent Growth Moderates for Third Consecutive Month
Rent growth is likely to keep slowing as rising interest rates continue to cool the economy, as asking rents climbed to a record high in August, while rent ...
Read More »Experts: Buyers Will Return to Power in 2023
A new Zillow survey of 107 housing market experts and economists found one common thread where all respondents agreed: sellers will relinquish the recent control they have had ...
Read More »Mortgage Rates Inch Closer to 7% Mark
The last time mortgage rates hovered near the 7% range was two decades ago, as continued Fed actions to ease inflation have forced the fixed-rate mortgage to 20-year highs.
Read More »With Homeownership Out of Reach for Many, Millennials Explore Co-Buying
With buyers are seeking smaller mortgages, and "house hacking" quickly becoming the new norm, Pairadime conducted a survey of 1000 millennials in the US around their outlook on ...
Read More »Elevated Purchase Demand Fueling Housing Market Potential
First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model for the month of August 2022. The Potential Home Sales Model measures what the ...
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