According to HouseCanary's latest National Rental Report, demand for rentals is outpacing the increase in inventory, resulting in an increase in median listing prices and days on the market.
Read More »Average Monthly Payment on New Mortgages Reaches $2,317
Due to persistently high home prices, new homebuyers may shell out costly amounts for their mortgage payments, as a new study from LendingTree reveals that the average nationwide payment on a new mortgage has reached $2,317 a month.
Read More »Five Rental Market Trends to Watch
Rachel Richardson of Rent. examines several major market trends that impact a property’s day-to-day operations, and what to do about them.
Read More »Rising Rent Leaving Renters Little to Work With
“Falling incomes and rising rents during the pandemic eroded affordability once again, leaving renter households with less residual income,” the JCHS said.
Read More »Housing Demand, Home Prices Remain More Resilient Than Anticipated
According to Fannie Mae's Economic and Strategic Research Group expectations for Q1, the increase in the sales pace from the end of 2022 to the beginning of 2023 revealed that homebuying demand remains buoyant and was unexpectedly responsive to small declines in mortgage rates.
Read More »Price Growth Cools as Renters Seek More Affordable Areas
“Rental cost growth relaxed again in February but is still increasing nationwide year-over-year,” said Molly Boesel, Principal Economist at CoreLogic. “Less-expensive metros have emerged as those with the highest appreciating rental costs, as tenants contend with elevated rents and inflation."
Read More »Home Sales Attempt to Recover After 2.4% Slide in March
While overall sales declined 22% from a year ago, existing-home sales dipped lower in March after month-over-month sales declined in three out of four major U.S. regions, according to a new report from the National Association of Realtors.
Read More »Middle-Income Homeowners Gain Wealth From Home Appreciation
According to a new report from the National Association of Realtors, middle-income homeowners gained more than $120,000 in wealth over the past decade, as homeowners who benefited from home price appreciation were able to drop their debt by 21%.
Read More »Home Prices Up Nearly 8% Nationwide From Last March
Both home sellers and homebuyers continue to struggle to navigate the market, with a new seller survey from Realtor.com revealing that home prices are up 7.8% from last year.
Read More »Inflation Hampering Home Improvement Projects Nationwide
A new analysis of data from Discover Home Loans has found that 75% of homeowners are finding projects to be more expensive than originally budgeted, causing some to reconsider their renovation plans.
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