Although the market frenzy has begun to slow, inflation and economic uncertainty are still prompting many Americans to hold off on significant financial decisions such as moving or buying a home, with rents rising nearly 10% year-over-year in September.

According to Jon Giles, Head of Consumer Direct Lending at TD Bank, "Many Americans have more equity in their homes than ever before, and when used responsibly, HELOCs and home equity loans are effective, affordable tools which can assist in paying down higher interest debt or allowing for home renovations, which can add value to the property."

According to Realtor.com’s latest Rental Report, the deceleration from rising prices in September may relieve some renters of financial stress. However, rental affordability remains a significant challenge as inflation continues to outpace wage growth.

Ginnie Mae’s MBS portfolio grew for the 15th consecutive month in September, ending the fiscal year at nearly $2.3 trillion. Alongside financing more than 143,000 homeowners and renters, Ginnie Mae MBS supported financing for more than 64,000 first-time homebuyers last month.

According to RentCafe's latest market trend report, renting has reached its highest peak in over 50 years, as renters surpass homeowners in 41% of ZIP codes in the 50 largest U.S. cities analyzed.

In efforts to further combat the nationwide housing affordability crisis, JPMorgan Chase has announced $3 million in grants for five organizations across the U.S. to expand climate resilient affordable housing for Black, Hispanic, and Latino households.

According to the latest analysis from First American Financial, education is one of the main, long-term drivers that are fundamental to housing demand that will gradually position the housing market to rebound from current challenging economic conditions.

With many households unable to afford necessary expenses as a result of rising rates and inflated home prices, a recent study from LendingTree revealed that many American homeowners report being worried about or likely to leave their home due to foreclosure in the next two months.

In the aftermath of Hurricane Ian causing billions in damages to Florida and South Carolina, WalletHub's latest market report determines which states throughout the nation are most and least impacted by natural disasters.

“The condition of a family’s home is a major factor in determining their health, and today, too many homes have hazards, particularly, homes in communities of color,” said Matthew Ammon, Director of the Office of Lead Hazard Control and Healthy Homes.