Rents are elevating, growing at a much faster pace than home prices in most local U.S. markets. According to new data, however, renting remains more affordable than homeownership for many.
Read More »2024 Housing and Economic Conditions: Headed in the Right Direction?
According to a new LendingTree study, rates began to trend in the right direction after peaking in October, with the average rate for 30-year fixed mortgages falling to below 7.00% by December, ending the year more than a percentage point lower than their 2023 peak. But will economic conditions continue to ease in 2024?
Read More »Home Buying Power Falls
The path to homeownership is becoming increasingly challenging for Americans nationwide, but how much can potential homebuyers afford to spend on a home in today's market? A new Point2 study showed that the median home price is now twice what the average buyer can afford, posing even more financial barriers for those seeking the American Dream.
Read More »Midwest Markets Gaining More Popularity
Potential homebuyers are looking at areas with affordable home prices and lowered housing costs, according to a new WSJ/Realtor.com report, which showed the Midwest is emerging as a new option for home shoppers despite facing low inventory and a quick market pace.
Read More »Study Examines How Many U.S. Renters Remain Cost-Burdened
While elevated housing costs continue to hinder homebuyers and renters nationwide, a new study from Apartment List revealed that the share of American renters who are cost-burdened has risen to the highest level since 2012, according to recent Census data.
Read More »Baby Boomers, Millennials Lead the Nation in Solo Renting
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.
Read More »U.S. Home Affordability Grows More Challenging in Q3
"The dynamics influencing the U.S. housing market appear to continuously work against everyday Americans, potentially to the point where they could start to have a significant impact on home prices," said Rob Barber, CEO for ATTOM.
Read More »Examining U.S. Towns With the Highest Home Values
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.
Read More »Location, Location, Location: In Search of Affordability
An economist for First American digs into research on where the average-earning American can still find affordable housing.
Read More »Home Price Gains Outpace Median Income in Major Cities
Zillow found that over the course of 2021, the gains most homeowners realized amounted to much more than the median income for the associated areas.
Read More »