"Now that we're seeing the beginning of an affordability turnaround, home buyers are still looking for markets where they can capitalize on lower prices," says Realtor.com Chief Economist Danielle Hale.
Read More »Share of Prospective Homebuyers Waiting for Market Conditions to Improve Declines
According to Bank of America's latest Homebuyer Insights Report, the estimated number of prospective buyers willing to wait for prices and/or mortgage rates to fall before purchasing a home is down from a whopping 85% recorded in June.
Read More »Clearing the Path for Today’s Homebuyers
David Aach of Blue Sage Solutions shares his outlook for the coming year, exploring how advances in the tech space will propel the marketplace in 2024 and beyond.
Read More »Home Repair Expenses Steadily on the Rise
According to new data from Verisk, the cost of home repairs and remodeling in Q3 2023 jumped year-over-year, as the costs of materials used in home repairs continue to rise.
Read More »Experts: U.S. Remains Unprepared to Provide Housing for Millions of Americans
The Joint Center for Housing Studies has released Housing America’s Older Adults 2023 report, revealing that the older population is surging, presenting imminent challenges to supply housing and care for millions of Americans in the coming years.
Read More »Inventory Will Remain Challenging, But More Options Should Manifest in 2024
In addition to high demand for single-family homes, apartments and rental units within driving distance of city centers are selling at a premium.
Read More »Median Monthly Mortgage Payment Declines as New Listings Rise
As inflation eases and mortgage rates fell from their highest level, housing payments declined. A new Redfin report reveals an uptick in new listings, and what the drop in monthly payments could mean for homeowners and buyers in the coming year.
Read More »HUD to Provide Aid to At-Risk Renters
A new proposed rule would provide residents of public housing or in properties receiving project-based rental assistance 30 days' notice to cure lease violations for nonpayment of rent.
Read More »Q3 Mortgage Lending Declines as Rates Climb
1.54 million residential mortgages were issued in the third quarter. A new report lays out the numbers, including how far the market has dropped year-over-year.
Read More »Pending Home Sales Drop on Monthly, Yearly Basis
“Today’s data signal that home sales activity is likely to remain steady, at a low level, over the next few months as limited options and significant affordability challenges weigh on buyers,” said Realtor.com Senior Economic Research Analyst Hannah Jones.
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