Having a high-paying job doesn’t guarantee you can easily afford a place to live, especially in cities like San Francisco or New York City—even for those earning over $1M annually. Click through to find out where the standard 28% ratio of your monthly income goes the farthest.
Read More »Rent-Burdened Households Reach Their Highest Level in More Than a Decade
The share of renters who are cost-burdened has risen to the highest level since 2012, according to a new survey from Apartment List. Here’s how many households were rent burdened in America in 2022 per U.S. Census data.
Read More »Potential Homebuyers Retreat as Rates Remain Elevated
While a slight increase in new listings offers potential buyers more housing inventory to choose from, Redfin has found that many are backing out of the market, as mortgage rates sit near levels last seen two decades ago.
Read More »Share of Hispanic Households Projected to Surge by 2040
Despite elevated interest rates and rising home prices that have intensified affordability issues for Hispanic homebuyers, by 2040, an estimated 70% of new homeowners will be Hispanic. Learn what else this new study from the Urban Institute reveals.
Read More »2024’s Top 10 Issues Affecting Real Estate
Headwinds such as the adoption of AI, global economic and political health, and the impact of remote work and vacant office spaces top a new study of the primary issues affecting real estate.
Read More »Potential Homebuyers Enlist Family to Help Curb Housing Affordability Costs
A new survey from Realtor.com revealed that an estimated one-third of prospective homebuyers have moved in with parents or other family members, in hopes of saving money to purchase a home this year.
Read More »Growing Multifamily Supply Contributes to Easing of Nationwide Rental Costs
Nationwide, Redfin found that asking rents rose just 0.4% year-over-year to an average of $2,011 in September, as an increasing supply in recent years has flooded the market with inventory.
Read More »New Home Price Insights for August 2023
CoreLogic’s latest Home Price Index covering the month of August found that numbers are beginning to rebound after hitting an 11-year low earlier this spring.
Read More »Rising Home Prices, Mortgage Rates Fuel Decline in Housing Affordability
Homeownership is becoming more and more difficult, according to ATTOM's 2023 U.S. Home Affordability Report, which revealed that in Q3, housing affordability worsened across the nation amid continuing increases in home prices and mortgage rates.
Read More »CFPB Releases Annual Report on Residential Mortgage Lending Activity
"The higher interest rate environment had profound effects on the mortgage market in 2022, with borrowers paying much more in monthly payments,” said CFPB Director Rohit Chopra. Click through to read more on the CFPB’s analysis of 2022 HMDA data.
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