Upward trends in mortgage rates and median prices are forcing more back to the sidelines to re-consider their housing options.
Read More »Renting More Affordable in Half of Largest Metros
In January, the monthly cost of buying was 24.8% higher than the cost of renting for consumers in 24 of the nation's 50 largest markets.
Read More »Home Cost Hikes Fueled by Supply, Competition
According to the latest quarterly report from the National Association of Realtors, consumers saw home prices continue to increase in Q4 of 2021, though at a slower pace than Q3. Fewer markets in the last quarter experienced double-digit price gains. ...
Read More »Swift Competition Drives Home Prices Upward
Home buyers continued to snap up the limited supply of available homes, exerting upward pressure on sales prices and overall home-price growth.
Read More »Q3 Presents Ideal Buying Conditions for First-Time Homeowners
First-time homebuyers were responsible for a total of 700,000 single-family home purchases during the third quarter of this year, according to new data from Genworth Mortgage Insurance. This marked a 15.7% increase from a year ago, and it also represented ...
Read More »Dualities of the Housing Market
A new analysis by the American Enterprise Institute gave insights into the factors that seemingly point towards a slump in housing. Here’s what it found.
Read More »The Impact of Credit Easing on Homebuyers
A new report has found that credit easing has likely impacted the default risk for certain buyers. Here’s how.
Read More »Starter Homes Feel the Market Pressure
One of the major casualties of a national housing market defined by continuously rising prices and over-tight inventory is the starter home, according to the latest Inventory and Price Watch report by Trulia. Starter homes “have become scarcer, pricier, smaller, ...
Read More »First-time Buyers Account for 60 Percent of Purchases
According to a new report, first-time homebuyers now make up 60 percent of all home purchases. On GSE loans, first-time buyers comprise 47 percent of loans, while on FHA loans, they account for 82 percent. The uptick is likely due to an improved economy, lower unemployment, rising income, and more new home construction
Read More »Overcoming the Barriers to Homeownership
First-time buyers are often faced with several barriers to homeownership including student loans, down payment savings, and balancing multiple financial priorities, but they ultimately express a desire to own a home.
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