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 »California to Texas Migration Route Becomes Even More Popular
According to a new study from StorageCafe, California to Texas is the most popular interstate relocation route in the U.S. Roughly 111,000 people took that route in 2021, with an estimated 46% of people who migrated being millennials.
Read More »Most Respondents Believe Owning a Home Contributes to Overall Happiness
“Given the consistency of our survey results, we expect consumers' longstanding and highly favorable attitude toward homeownership as an investment option will continue to persist, even in the face of possible recession,” Fannie Mae authors concluded.
Read More »New Housing Might Be the Key to Creating Affordability in More Communities
In a new Zillow report, research shows support is growing among both homeowners and renters for "missing middle" housing developments, as 70% of respondents believe new housing is crucial to producing affordability in their community and support building them in their neighborhoods.
Read More »Record Share of Homebuyers Looking to Switch Metros
Out-of-town moves among homebuyers have declined from a year ago because fewer people are moving, according to a new report from Redfin, as rising interest rates and high home prices continue to deter Americans nationwide.
Read More »The American Dream—for Rent
Inflated home prices and rising interest rates are making renting more appealing to many Americans nationwide, as the construction of new build-to-rent homes hit a record in 2022, according to a new report from RentCafe.
Read More »Trend of Slowing Rent Growth Continues
"In April, we continued to see rising rent prices and a moderating growth rate. This is promising news for renters, suggesting that the pandemic peaks are behind us, and that the challenging affordability picture may begin to improve," said Realtor.com Chief Economist Danielle Hale.
Read More »HUD Allots $837M to Improve Housing Quality for Underserved Communities
The U.S. Department of Housing and Urban Development announced the availability of new funding from President Biden’s Investing in America Agenda, making HUD-assisted multifamily housing more energy efficient by cutting greenhouse gas emissions and improving climate resiliency.
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 »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."
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