Empty-nest baby boomers own twice as many large U.S. homes as millennial parents living with children, a new Redfin report showed, as nearly half of all boomers are now living mortgage-free, with no motivation to sell in such a volatile market.
Read More »New Year, Same Housing Unaffordability Issues
While mortgage rates have moderated, housing market challenges such as affordability and rising home prices continue to hinder homebuyers nationwide.
Read More »Experts Reveal Emerging Real Estate Trends
Housing affordability remains a chief concern, even as renters see slightly improved conditions.
Read More »HUD Announces $40M+ in Funding for Housing Counseling Agencies
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 »Aspiring Homeowners Feeling Optimistic About 2024
According to a recent Realtor.com survey, more than half of all first-time homebuyers indicated that now is a good time to buy, as moderating price growth and mortgage rates are expected to help improve affordability throughout 2024.
Read More »2023 U.S. Foreclosure Activity Snapshot
A new report notes that 2023 foreclosure filings were up from 2022 but still below pre-pandemic levels. "Reflecting on 2023, we see the recent rise in foreclosure activity as a market correction rather than a cause for alarm. It signals a return to more traditional patterns after years of volatility," said Rob Barber, CEO at ATTOM.
Read More »Declining Mortgage Rates, Monthly Payments Motivating Homebuyers
While the total number of listings is down year-over-year, a new Redfin report revealed that mortgage applications are rising as more home sellers list their homes on the market, offering buyers a lower rate from their October-high and more inventory to choose from.
Read More »‘House Poor’ Homeowners Continue to Face Affordability Challenges
The share of homeowners that are considered “house poor” has risen above 30%, according to a new study from Creditnews, as housing affordability remains a challenge for American households nationwide.
Read More »New-Listing Increases Point to a More Active Market for Prospective Buyers
Inventory levels are improving, and home sellers were more active this December, according to Realtor.com's Monthly Housing Market Trends Report. With the number of homes for sale growing year-over-year, experts anticipate that more new listings will enter the market in 2024.
Read More »Consumers Grow Increasingly Optimistic About Mortgage Rates
"Mortgage rate optimism increased dramatically this month, with a survey-high share of consumers anticipating mortgage rate declines over the next year," said Mark Palim, VP and Deputy Chief Economist at Fannie Mae.
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