Real Estate

Since 2019, the number of single, female-headed households has increased by 1.4 million, one million of whom are homeowners, according to a new report from First American.

According to a new study from Realtor.com, homeowners who list the week of April 16-22 will experience the best combination of market conditions and could receive $48,000 more for their home than at the start of the year.

“Mortgage credit availability decreased to its lowest level since January 2013 with all loan types seeing declines in availability over the month,” said Joel Kan, MBA’s VP and Deputy Chief Economist.

Apartments are becoming increasingly difficult to find in small, low-profile markets across the U.S, as a new report from RentCafe revealed inflation, rate hikes, elevated home prices, and increased costs of living are pushing many renters to re-think their housing options.

“Prices falling from a year ago is a milestone because it hasn’t happened since the housing market was recovering from the 2008 subprime mortgage crisis. But it’s not surprising and in many ways, it’s welcome,” said Redfin Deputy Chief Economist Taylor Marr.

With the market still hampered by high mortgage rates and tight supply, MReport asks a panel of experts if the spring/summer 2023 housing market will bring homebuyers back off the sidelines.

According to a new report from Zillow, the rebalancing of the housing market has been felt the most in areas where affordability is stretched, as the share of U.S. cities where the typical home value is $1 million or more declined from 522 to 464 since last July. 

Median asking rents posted the smallest increase in nearly two years and the lowest level in a year in February, according to a new report from Redfin, rising just 1.7% year-over-year.

Home prices and elevated mortgage rates prompted many to move from big, high-cost coastal metros in 2022.

"With the U.S. housing market cooling off considerably since the middle of last year, some areas of the country continue to show signs of being more at risk of a larger downturn than others,” said Rob Barber, CEO at ATTOM.