“As the housing market rebalances, price declines will continue across many markets, but those declines would have to be substantial to erase all of the equity gains accumulated by homeowners during the pandemic boom,” said First American Chief Economist Mark Fleming.
Read More »Median Price of Homes for Sale Increased in March
The median price of homes for sale increased by 6.3% annually in March, according to Realtor.com's 2023 Monthly Housing Market Trends Report. The report notes that homes spent an average of 18 days longer on the market than the same time last year.
Read More »Sun Belt Destinations Most Popular Among Homebuyers Looking to Relocate
Florida has topped the list of popular relocation destinations again, according to a new report from Redfin, as relocators made up a bigger portion of homebuyers than ever due to elevated mortgage rates and persistently high home prices.
Read More »FHFA Announces Enhanced Payment Deferral Policies for Borrowers
For those facing financial hardship, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will enhance their payment deferral policies to allow borrowers to defer up to six months of mortgage payments.
Read More »Baby Boomers Now Make Up Nearly 40% of Homebuyers Nationwide
The share of baby boomers across the U.S. now makes up 39% of homebuyers, the most of any generation and an increase from nearly 30% in 2022, according to a new report from the National Association of Realtors.
Read More »U.S. Housing Market Descend From Pandemic-Era Boom
According to a new report from Redfin, housing markets in tech hubs nationwide are cooling quickly for reasons such as low housing inventory and tech layoffs.
Read More »Homeownership Rate for Single Women Declines in 2022
For the first time in six years, the trend of female homeownership rates for young, single women declined in 2022, according to a new Zillow report.
Read More »Report: Rent Control Crippling Nationwide Housing Supply
A new report from the National Apartment Association revealed more than 70% of housing providers say rent control would reduce investments, shift development or cancel their plans altogether.
Read More »Southwestern Counties Dubbed Safest Places to Live
According to a new report from CoreLogic, Southwestern counties ranked highest in a recent “Safest Place to Live” study, offering homeowners in those areas more protection from some weather-related climate risks.
Read More »HUD Awards Over $54M to Combat Housing Discrimination
The U.S. Department of Housing and Urban Development has awarded $54 million to 182 fair housing organizations across the country under its Fair Housing Initiatives Program, with some grants empowering organizations to test for appraisal bias and educate local communities.
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