While many Americans continue to struggle with housing affordability, a new study from Redfin shows that homes in high-opportunity neighborhoods are not only selling for roughly $130,000 more, but they are also disproportionately white. Meanwhile, homes in low-opportunity areas are becoming less affordable due to gentrification.
Read More »Homebuyer Demand Fuels Increase in Spring Home Values
The nation’s average home value has reached a new all-time high, according to a new report from Zillow, and while steady demand from buyers has fueled July home price increases, experts are now calling for a late-summer seasonal cooldown.
Read More »Is Homeownership the Key to Building Wealth?
While homebuyers nationwide continue to struggle with the inflated cost of living and high home prices, a new survey from Arrived revealed an estimated 87.2% of Gen Zers said homeownership is important when building wealth. About 65% cite financial security and stability as the top two reasons why they want to own a home.
Read More »Single-Family Rental Market Demand Surges in Q2
According to HouseCanary's latest National Rental Report, rental markets continue to see overall increases in median listings, prices, and the number of days homes are spending on the market compared to recent years, as available-for-rent inventory jumped 70% year-over-year from 2022.
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 »Purchase Apps Down 21% YoY
High mortgage rates have pushed monthly mortgage payments to a record $2,656, as slightly lower rates may escalate competition for the limited number of homes available and push up prices for the foreseeable future.
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 »Nationwide Supply of Low-Cost Rentals Down in Every State
As rental demand heightens, the overall supply of low-rent units has fallen by 3.9 million over the last decade due to rent increases in existing units, building condemnations, and demolitions, according to the latest Joint Center for Housing Studies State of the Nation Housing report.
Read More »Renting Now Cheaper Than Buying in Nearly All Highest-Populated U.S. Cities
According to a new study from Home Bay, it is cheaper to rent than purchase a home in 45 of the 50 most populous U.S. cities, with San Jose, California, ranked the most expensive city for buying a home, whereas Pittsburgh was named the most affordable.
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