While limited supply remains one of numerous challenges for homebuyers, a new Realtor.com study revealed down payments hit a new peak in Q3, fueled in part by October mortgage rates hitting their highest levels in more than two decades.
Read More »Home Sellers Drawing in Buyers With Concessions
As homebuyer demand cools as a result of October mortgage rates hitting their highest level in over two decades, a new Redfin report showed that the share of home sellers offering concessions to attract more buyers is increasing, as some experts say house hunters are "pickier than ever before."
Read More »Is Now an Ideal Time to Buy a Home?
Redfin analysts weigh a number of variables playing into potential homebuyers’ decision-making process and reveal why now may be the best time to pursue the American dream of homeownership.
Read More »Median Down Payments Push Past $60K
Due to an environment of rising mortgage rates and an influx of all-cash buyers, more and more are having to increase their down payments to offset the cost of rising homes. Click through to find out why there is a prevalence of all-cash buyers in the current market.
Read More »How Do Younger Generations Feel About Homeownership?
Millennials and Gen Zers face many obstacles in their pursuit of the American Dream, including mortgage rates hitting a 23-year high. Click through to read what a new Chase survey reveals the challenges facing younger consumers and how they are shaping their attitudes towards homeownership.
Read More »Consumers Express Increasing Housing Market Frustrations
New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.
Read More »Study Finds Millennials, Gen Zers Taking Longer to Leave Home
With mortgage rates hitting a 23-year high and worsening affordability continuing to hamper potential homebuyers and renters nationwide, multigenerational households are becoming much more common, according to a new RentCafe report. Here’s what else the report reveals.
Read More »Purchase-Mortgage Apps Dropped Below Pre-Pandemic Levels in October
As housing affordability and demand continue to worsen for Americans nationwide, the latest ICE Mortgage Monitor Report revealed that purchase-mortgage applications fell nearly 50% below pre-pandemic levels in October, representing the weakest numbers recorded since rates began to rise.
Read More »Unseasonable Increase in October Home Inventory
"The current housing market continues to challenge homebuyers and sellers alike, but we do see signs of adjustment," said Danielle Hale, Chief Economist at Realtor.com.
Read More »New Home Construction Projected to Surge in 2024
Home building in exurbs is expected to accelerate in the coming year, according to a new study from The Plan Connection. Will it be enough to keep up with demand?
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