The U.S. Department of Housing and Urban Development’s Office of Housing Counseling revealed that the millions in available grants will help expand housing counseling services and provide comprehensive financial literacy, homeownership, and affordable housing support to underserved communities.
Read More »Buying Power Shifts Across Nation’s Largest Cities
While the average homebuyer can now afford to spend even less on a home, a new Point2 study revealed that the median home price in the U.S. is now 50% higher than the average affordable home price.
Read More »The Independent Investor Impact
Kurt Carlton of New Western explains how real estate investors may be able to help address the nation’s housing supply shortage.
Read More »Homebuyers Finding Relief in Home Price Drops
Redfin reports that many home sellers are getting just two or three offers as opposed to the 20 that were common at the pinnacle of the market. Find out what percentage of homes for sale posted a price drop during the past month.
Read More »Return-to-Work Mandates Motivating Home Sellers to Relocate
According to a new Redfin study, while nearly one in five homeowners surveyed plan to sell their home in the next year, new jobs and return-to-work mandates are forcing some to sell their home quickly, and at a loss.
Read More »High-Opportunity Areas Have More (But Less Affordable) Homes for Sale
While many Americans continue to struggle with housing affordability, a new study from Redfin shows that homes in high-opportunity neighborhoods are not only selling for roughly $130,000 more, but they are also disproportionately white. Meanwhile, homes in low-opportunity areas are becoming less affordable due to gentrification.
Read More »HUD Partners With Terner Labs on Education Initiative
HUD and Terner Labs at UC Berkeley will bring together leadership in the public sector, housing experts, researchers, technologists, entrepreneurs, practitioners, and others to explore advances at the forefront of the housing industry.
Read More »FHFA Updates Equitable Housing Finance Plans for the GSEs
In an effort to complement the initiatives outlined in the FHFA’s Strategic Plan: Fiscal Years 2022-2026, adjustments have been made based on initial research and findings to further promote equitable access to affordable and sustainable housing.
Read More »Affordability Struggles Weaken Housing Market
The rate of overall housing starts slowed in 2022 while completions climbed, according to a new Realtor.com report. New home affordability continues to drop rapidly with just 10% of new homes sold for less than $300,000 in Q4 2022.
Read More »HUD Releases FMRs for Fiscal Year 2023
The U.S. Department of Housing and Urban Development (HUD) has today published Fair Market Rents (FMRs) for Fiscal Year 2023. FMRs, published annually, are an estimate of the amount of money that would cover gross rents (rent and utility expenses) ...
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