Nationwide, the typical home costs 25% more to buy than rent, according to a new report from Redfin. Click here to see which major metro areas topped the list of places where mortgage costs are lower than estimated monthly rental costs.
Read More »Monthly Mortgage Payments Hit Record High in April
According to a new report from Redfin, high home prices and mortgage rates are pushing the monthly mortgage payment on a median-priced home to $2,573.
Read More »Record-High Multifamily Construction Helping to Ease Housing Shortages
According to Realtor.com's April Rental Report, rent growth slowed to its lowest rate since the onset of the pandemic, as new data revealed a significant increase in multifamily construction is contributing to lower rent prices and a slowdown in housing shortages.
Read More »Scarce Listings Lead to Few, But Fast-Paced Home Sales
With fewer homes selling than usual this spring, new listings remain sparse, according to a new report from Redfin, resulting in homes being snatched off the market sooner as homebuyers are left with limited options to choose from.
Read More »Share of Cost-Burdened Homes Reaches Nearly 18 Million Nationwide
An estimated 21.48% of owner-occupied households in the U.S. are housing-cost-burdened. A new study from LendingTree reveals that single women homeowners are most at-risk, while married couple households are least likely to be financially distressed.
Read More »Fannie Mae Forecasts Stronger Q1 GDP Growth Following Bank Failures
According to Fannie Mae's Economic and Strategic Research Group, experts project the gradual tightening in credit conditions due to recent bank turmoil will contribute to a modest recession beginning in the second half of 2023. Click here to learn more.
Read More »Existing-Home Sales Retreated in March
According to a new report from the National Association of Realtors, home sales declined an overall 22% from a year ago, while the inventory of unsold existing homes rose 1% from February.
Read More »Home Sellers Hesitant to Take on New Mortgages
A new survey from Realtor.com revealed an estimated 82% of home sellers feel 'locked in’ to their current home, as buying a new home could potentially mean buying into a higher mortgage rate.
Read More »Homebuyers Planning to Purchase in 2023 View Now as a Good Time to Buy
Despite economic conditions, a new report from TD Bank has revealed more than one-third of homebuyers planning to purchase a home reported that now is a good time to buy, as 54% of respondents said their level of financial preparedness has improved over the last two years.
Read More »More Homeowners Wanting to Age in Place
A new study from Point revealed nearly 90% of homeowners nationwide aged 50-80 want to remain in their homes, but many remain unprepared for the costs of necessary home improvements to do so.
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