While HELOC activity surged in 2022, a new report from CoreLogic showed that demand slowed significantly in the first half of this year as Freddie Mac revealed the average 30-year fixed-rate mortgage reached its highest level in over two decades.
Read More »Sun Belt, Florida Metros Remain Popular Despite Growing Climate Risks
Despite the increasing risks of flooding, heat waves, and hurricanes, Americans are still flocking to metros such as Las Vegas, Sacramento, and Tampa, which topped the list of most popular migration destinations in Redfin's latest report.
Read More »Fannie Mae Experts Weigh in on Possibility of Economic ‘Soft Landing’
While the “if” and “when” of a recession remain uncertain, the Fannie Mae Economic and Strategic Research Group does forecast one to occur, expected to begin in the first half of 2024—despite increased chances of a “soft landing.”
Read More »Study Reveals Renters’ Most Desired Locations
RentCafe's August Rental Activity Report revealed Arlington, Virginia was named the most sought-after city by renters for the second consecutive month, while New York City boroughs like the Bronx and Queens trailed closely behind.
Read More »Opportunity Zones Rebound Nationwide in Q2
A new ATTOM report revealed median home values increased from Q1 to Q2, as Opportunity Zones around the country have rebounded after a period of strong decline, showing more signs of housing market strength.
Read More »New Construction Keeping the Housing Market Afloat
Overall housing inventory dropped 15% year-over-year in June, remaining at an all-time low. A new market report from Redfin revealed that homebuyers are turning to new builds as many homeowners continue clinging to their low existing mortgage rates, contributing to the ongoing lack of supply.
Read More »Student Housing Preleasing Reaches 90% as New School Year Approaches
As the Fall semester nears, the latest National Student Housing Report from Yardi Matrix revealed student housing preleasing neared a record high in July, with rent growth significantly ahead of last year.
Read More »Black Homebuyers Still Facing Higher Mortgage Denial Rates
A new report from LendingTree reveals that Black homebuyers are still more likely to be denied a mortgage when compared to the overall population, with denial rates highest in popular metros like Miami, Detroit, and New Orleans.
Read More »Americans Remain Worried About Their Chances of Owning a Home
The high-priced housing market is affecting homebuyer sentiment nationwide, as a new survey from LendingTree revealed more than 50% of Americans fear they will never be able to own a home.
Read More »Average American Homeowner Rents for Five Years Before Buying a Home
The average American homeowner was able to purchase their first home at nearly 29 years old, according to a new survey from Shane Co.'s The Loupe. The survey revealed that the average homeowner rents for roughly five years before purchasing a home, while more than 25% of respondents believe it's now impossible to afford a home as a single person in the current housing market.
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