Tag Archives: South

"Because of homebuilders' ability to create more inventory, new-home sales could be higher this year despite increasing mortgage rates. This underscores the importance of increased inventory in helping to get the overall housing market moving," said Lawrence Yun, NAR’s Chief Economist.

According to a new report from Zillow, renters of color are more likely to pay higher upfront costs when applying for a rental compared to white renters, while Black and Latinx renters were nearly twice as likely to submit multiple rental applications before securing a lease.

"Affordability is going to be the biggest factor in housing for 2023, but there's room for optimism on that front if mortgage rates recede," said Zillow Chief Economist Skylar Olsen.

Amid economic uncertainty and experts hinting toward a recession, housing markets in relatively affordable Midwest and East Coast metro areas are holding up better than anywhere else in ...

A survey of experts in the housing industry predicts that Austin, Texas, and other housing markets in the Southern region of the U.S. will shine, while Westerna markets remains dull.

While housing affordability has taken a bit of a hit nationwide as of late, particularly in the West, the South has made some impressive gains recently, according to one analysis.