Realtor.com reports that after four months of slowing inventory growth, active listings declined annually in July for the first time in more than a year.
Read More »Underwater Mortgages on the Decline as Home Prices Rebound
Half of all homeowners paying mortgages are equity-rich, according to ATTOM's 2023 U.S. Home Equity & Underwater Report, while the share of seriously underwater mortgages also improved, resting at 2.8%.
Read More »Florida Metros Ranked the Best Cities for First-Time Homebuyers
While housing affordability remains unbalanced nationwide, many Americans remain worried about housing costs. However, a new market study from WalletHub reveals which cities are the best and worst for first-time homebuyers, with multiple Florida metros topping the list with the greatest buying opportunities.
Read More »Existing-Home Sales Slip in June
Existing-home sales fell in June, as all four regions recorded year-over-year sales declines, according to NAR, with the South and West posting the largest decreases.
Read More »Annual U.S. Rent Growth Continued to Ease in May
While concerns surrounding affordability and economic uncertainty continue to slow overall homebuying activity, a new report from CoreLogic showed annual single-family rent growth returned to pre-pandemic rates in May.
Read More »Where Renters Are Getting the Most Bang for Their Buck
With an estimated 44 million U.S. households classified as renters, WalletHub examined the best and worst cities to rent, as experts revealed the factors needed to determine the most cost-effective areas to migrate to.
Read More »HUD Seeking Input on Improving Processes and Solutions
The Department has published a Request for Information asking the public how it can simplify programs and reduce burdens to increase access to its programs.
Read More »Inventory Shortages, Affordability ‘Top Obstacles’ Limiting Potential Homebuyers
Amid a significant shortage of housing supply in 2022, nearly 33% of Realtors believe a lack of inventory has stopped many Americans from purchasing homes. U.S. housing supply has dropped to the lowest level recorded since 1999, according to the National Association of Realtors.
Read More »Housing Market Remains Resilient as Listed, Closed Prices Rise
While both listed and closed prices experienced positive year-over-year growth in June, experts predict that market activity will remain at relatively low levels heading into Q3 2023, with the Federal Reserve continuing to increase rates at a slow pace.
Read More »HPSI Remains Low as Limited Supply, Affordability Constraints Persist
Consumer confidence in the housing market may have plateaued, according to Fannie Mae's Home Purchase Sentiment Index (HPSI), which remained mostly flat in June, as shrinking supply and affordability conditions continue to pose challenges.
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