As nearly 18 million owner-occupied homes throughout the U.S. are now housing-cost-burdened, a new study from LendingTree revealed the share of households headed by single mothers are much more likely to overspend on housing costs than others.
Read More »How Home Sales Bloom in Spring and Summer
A new study from ATTOM showed home sellers saw a near 13% premium in May, with the annual analysis revealing the best months and days to sell a home in the U.S.
Read More »Annual Home Price Growth Continues to Cool as Demand Rises
Home prices rose in March according to the latest Black Knight Home Price Index, driven by a modest bump in demand and further depletion in for-sale inventory levels.
Read More »Despite Slide in Mortgage Rates, App Demand Declines
Elevated rates continue to both impact homebuyer affordability and weaken demand for refinancing, as the MBA reports overall app volume fell 1.2% week-over-week.
Read More »Homeownership Remains Prohibitively Expensive for Many Americans
While monthly payments on many for-sale homes remain higher than they would’ve been a year ago, home prices are falling fastest in pandemic boomtowns like Austin and expensive coastal markets like Seattle and San Francisco.
Read More »Average Monthly Payment on New Mortgages Reaches $2,317
Due to persistently high home prices, new homebuyers may shell out costly amounts for their mortgage payments, as a new study from LendingTree reveals that the average nationwide payment on a new mortgage has reached $2,317 a month.
Read More »Down Payment Resource Programs Grow Nationwide
“The increase in down payment assistance for several consecutive quarters represents growing opportunities for homebuyers that have been traditionally underserved,” said DPR Founder and CEO Rob Chrane.
Read More »New Listings Down More Than 20% YoY
“High mortgage rates have caused some homebuyers to bow out of the market. But there are still more people looking for a home than there are homes for sale,” said Redfin Deputy Chief Economist Taylor Marr. “That’s good news for the homeowners who want or need to sell their home now."
Read More »CFPB Issues Protections for Homeowners Seeking Clean Energy Financing
New proposed rule by the Bureau would guard against unscrupulous practices and prevent unnecessary mortgage foreclosures for Property Assessed Clean Energy (PACE) loans.
Read More »Five Rental Market Trends to Watch
Rachel Richardson of Rent. examines several major market trends that impact a property’s day-to-day operations, and what to do about them.
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