As renters continue to outpace homebuyers across the U.S., Miami is reemerging as the nation’s most competitive rental market. But pent-up demand remains an issue, driving the occupancy rate up to an estimated 97.1%, according to a new report from RentCafe.
Read More »Using Mortgage Reserves to Help Narrow the Black-White Homeownership Gap
New research from FHLBank San Francisco and the Urban Institute investigates ways to reduce mortgage default risk by utilizing mortgage reserve accounts that could help homeowners overcome temporary hardships, which would mainly benefit Black families, who are more than twice as likely as white families to lose their home to foreclosure.
Read More »Homebuying Remains Out of Reach for Many
According to a new Home Bay study, it is more affordable to rent than buy a home in 90% of the most populous U.S. cities. Research found that, on average, renters save an estimated $174 a month, totaling $2,088 per year.
Read More »Pending Home Sales Slipped in all U.S. Regions Except Northeast
According to a new report from the National Association of Realtors, pending home sales slipped nearly 3% in May, while contract signings jumped in the Northeast but decreased month-over-month in three major U.S. regions.
Read More »Median Home Prices, New Homes for Sale Slipped in June
Annually, new listings of homes for sale dropped nearly 26%, falling below their previous pandemic lows, according to Realtor.com.
Read More »Drought-Stricken Phoenix Ranked Most Popular Destination for Relocators
While the state of Arizona recently limited homebuilding in the Phoenix area, a new report from Redfin revealed out-of-town homebuyers are still moving to popular Sun Belt metros despite the high risk of drought and flooding.
Read More »Stars, Stripes, and More: How Flag Displays Impact Potential Homebuyers
A new Redfin survey examined the question of how displays of various flags, ranging from the American flag to LQBTQ+ pride flags, impacted potential homebuyers’ likelihood to purchase a home in a given area. Here are the results.
Read More »California Metros Lead in Highest Share of Million-Dollar Homes
San Jose and San Francisco, notoriously high-cost areas, make up a majority share of homes in California, according to a new analysis from LendingTree. Click through to see which metros where million-dollar homes are most prevalent.
Read More »Advancing Latino Homeownership and Housing Stability
Latino homeownership lagged 22 percentage points behind white homeownership in 2021 and experienced significantly higher mortgage denial rates than their white counterparts, according to Fannie Mae’s new Latino Housing Journey. Click through for more on the disparities Latino households face and policy solutions that could increase homeownership opportunities.
Read More »Mortgage Rate Locks to Remain a Challenge
"High inflation and the Fed's actions to curb it have had a significant impact on the housing market this year. And while inflation has begun to ease, the sustained spike in mortgage rates was enough to stifle the housing market after several years of low rates and strong activity," said Realtor.com Chief Economist Danielle Hale.
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