Rents rose 2% in January according to a new report from Redfin, as rental price growth continues to slow due to increasing supply and waning demand.
Read More »Inflation Affecting Homeowner’s Improvement Plans
According to a new study from Today's Homeowner, many homeowners are reducing their home improvement spending, as new data shows the Consumer Price Index fell in December for the first time since May 2020. However, prices remain significantly elevated compared to a year ago.
Read More »Experts: Lending Standards Are Tightening
According to a new report from the Mortgage Bankers Association, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.
Read More »Millennials Make the Up Largest Share of Homebuyers Nationwide
Millennials have dominated the housing market for the past decade, according to a new study from LendingTree.
Read More »Rental Price Growth Slowing Faster Than Overall Housing Costs
According to a new report from Redfin, new-lease signers have comparatively low inflation rates because rental price growth is slowing, as this is the first time asking rents have posted a smaller increase than the overall cost of housing in a year and a half.
Read More »Single-Family Home Price Appreciation Dipped to 6.9% YoY
According to a new CoreLogic report, year-over-year single-family home price appreciation declined to nearly 7% in the final month of 2022, marking the lowest rate recorded since the late summer of 2020.
Read More »Communities of Color Experiencing Renter Financial Stress
According to a new study from the Joint Center for Housing Studies, many renters living in high-poverty, lower-income, and lower-rent neighborhoods are more likely to experience financial distress, as data revealed some 61% of households behind on their rent live in communities of color.
Read More »Examining 2022 Migration Trends
More Americans moved in 2022 than in any year since 2012, according to a new study from HireAHelper, as an estimated 27.3 million people migrated throughout the U.S last year.
Read More »Minimum Wage Earners Face the Affordability Hammer
A new study from Zillow has found that workers making minimum wage need three roommates or four jobs to afford the average two-bedroom rental.
Read More »Borrowers Utilizing Rate Buydowns Trends Upward
According to new data from Optimal Blue, rate lock data showed moderate signs of an early-January rebound in purchase locks, while refis remain constrained despite a full percentage point rate decline since its October 2022 peak.
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