According to the 2023 Insuring the American Homeowner report, Insurify projects home insurance rates will rise an additional 9%, as some 27% of new homeowners who bought a home in the past year are already underwater.
Read More »Homebuyers Planning to Purchase in 2023 View Now as a Good Time to Buy
Despite economic conditions, a new report from TD Bank has revealed more than one-third of homebuyers planning to purchase a home reported that now is a good time to buy, as 54% of respondents said their level of financial preparedness has improved over the last two years.
Read More »More Homeowners Wanting to Age in Place
A new study from Point revealed nearly 90% of homeowners nationwide aged 50-80 want to remain in their homes, but many remain unprepared for the costs of necessary home improvements to do so.
Read More »New Listings Down Across U.S. Metros as Supply Dampens
While sales are down by double digits, new listings remain limited according to a new report from Redfin, as homes on the market are being sold faster due to moderating demand.
Read More »Renters of Color Experience a Pricier Application Process
A new Zillow report revealed Black, Latinx, and Asian American Pacific Islander renters reported paying security deposits and application fees an estimated 43% higher than those paid by white renters.
Read More »HUD to Extend Public Comment Date for Fair Housing Rule
Per President Biden's call to fully enforce the Fair Housing Act, the U.S. Department of Housing and Urban Development has announced the extension of the public comment date for its Affirmatively Furthering Fair Housing proposed rule by two weeks.
Read More »LGBTQ+ and BIPOC Buyers Stretched Thin Due to Homeownership Expenses
"Our data shows that LGBTQ+ and BIPOC buyers are potentially spending even more of their income to own a home of their own, which can make it difficult to afford other essentials like food and transportation," said Laura Eddy, Realtor.com VP of Research and Insights.
Read More »HUD Commemorates Fair Housing Month, Signing of Fair Housing Act
It's been 55 years since the Fair Housing Act was signed into law, and the U.S. Department of Housing and Urban Development kicked off Fair Housing Month 2023 with the theme, “Choices for All Voices: Building an Equitable Future.”
Read More »More Than Eight Million Americans Reportedly Behind on Rent
According to a new LendingTree study, more than eight million adults throughout the U.S. aren’t caught up on rent, citing continued affordability constraints, and greater overall housing costs.
Read More »Fannie Mae Recognized for Driving Adoption of Green Financing in Housing
Fannie Mae has been honored with the 2023 ENERGY STAR Partner of the Year–Sustained Excellence Award for driving positive impact and the adoption of energy-efficient advancements in housing and finance.
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