"We are seeing increases in inventory and, importantly, gains in newly listed homes for sale indicating sellers are more ready to make moves," said Danielle Hale, Chief Economist of Realtor.com. "Time on market fell, signaling that buyers are ready to make offers on these new options."
Read More »Consumer Benefits of Monitoring Credit
A new TransUnion study revealed how underserved and new-to-credit consumers significantly benefit from monitoring their credit, which “...has expanded considerably in awareness and usage over the past decade,” according to Charlie Wise, Co-Author of the study and Head of Global Research and Consulting at TransUnion.
Read More »Just How Severe Is the National Housing Shortage?
According to new research from the Joint Center of Housing Studies, the lack of homes for sale that has affected the nation is one of the main causes of Americans' affordability concerns.
Read More »How Americans Feel About the Path to Homeownership
With the new year underway, a new survey from Home Bay revealed the benefits of owning a home, how buyers and renters feel about achieving homeownership in 2024, and the quality of life and happiness it provides.
Read More »Frozen Out: House-Hunters Stay Home in Face of Harsh Weather
According to Redfin's latest Housing Market Update, inclement weather that froze parts of the U.S. slowed overall homebuying activity recently. Conversely, agents in warmer regions report that buyers and sellers remain active, despite mortgage rates remaining in the high-6% range.
Read More »December Housing Trends: Positive Signs for 2024?
According to the RE/MAX National Housing Report, home sales dropped year-over-year in December, but experts project that with mortgage rates continuing their downward trend, homebuyers that have been priced out or pushed to the sidelines may begin to creep back into the market.
Read More »Lack of Homes for Sale Stalls Potential Price Drops
As Americans continue, "grappling with limited purchasing power," according to Redfin Senior Economist Sheharyar Bokhari, housing supply remained below pre-pandemic levels in December, preventing home prices from dropping further as buyers continue to compete for a limited supply of homes for sale.
Read More »Record Office-to-Apartment Conversions Expected in 2024
A prominent trend in renowned U.S. metros like Washington, D.C., New York, and Dallas, a new report revealed the conversion of office buildings into living spaces is projected to surge to a new record high in 2024, having more than quadrupled in the past four years.
Read More »Gen Z Buyers Stand a Better Chance in the South, Midwest
Like the generation that precedes them, members of Gen Z are concerned about affordability, according to a new Point2 study, which revealed the cities and regions where the youngest Americans have the best chance of achieving homeownership.
Read More »Inside the Affordability Gap Between Renting and Homeownership
Renting and/or owning a home continues to be a financial burden for average U.S. workers, according to ATTOM’s 2024 Rental Affordability Report, which showed that rents are growing faster than wages in most markets, outpacing home prices in nearly all of them.
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