According to a new report from the National Association of Realtors (NAR), international buyers and investors purchased $53.3 billion worth of residential properties from the period between April 2022 and March 2023, a 9.6% reduction from the previous year.
Read More »Ranking the Nation’s Most “House Poor” Cities
By reviewing U.S. Census Bureau data, researchers have ranked the nation’s most “house poor” cities, where homeowners are spending more than 30% of their income on housing costs.
Read More »HUD Issues $370 Million in Choice Neighborhoods Implementation Grants
HUD has awarded eight communities with grants geared toward the promotion of innovative collaboration necessary to tackle lingering affordability issues in the housing space.
Read More »New-Home Sizes Decrease Nationally
Though prices have come down somewhat from their pandemic highs, new home sizes are shrinking as the price per square foot has nearly doubled in the last 11 years.
Read More »HUD Announces Expansion of Its Moving to Work Demonstration Program
The Department is seeking to grow its Move to Work initiative, a program that improves housing choices for low-income families.
Read More »Starter Homes: Not as Cheap as They Used to Be
According to Redfin, the typical starter home sold for an eye-watering record of $243,000 in June 2023, up 2.1% year-over-year and up 45% from before the pandemic.
Read More »Mortgage Rate-Lock Tipping Point Hits 5% Threshold
The mortgage rate tipping point—the rate that will allow homeowners to move—has advanced above 5%, with a Zillow report finding those above this rate are nearly twice as likely to plan to sell their home than those with a rate below 5%.
Read More »Analyzing Climate Risk in the Home Search Process
According to Redfin, nearly half of U.S. residents who moved in the last year believe the frequency of weather events will likely impact home values in their area within the next 10 years.
Read More »Pending Home Sales Rise for the First Time in Four Months
NAR reports that pending home sales nationwide rose in June, increasing in the Northeast and Midwest, while the South and West reported declines for the month.
Read More »Relocating Homebuyers Targeting Sin City
In a study on Q2 migration nationwide, Redfin reports the typical Las Vegas home costs less than half as much as one in Los Angeles, San Francisco, or Seattle.
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