Real Estate

According to a new report from Redfin, home prices saw a small increase in January as mortgage-rate drops begin to bring homebuyers back to the market.

The blueprint lays out ways to drive action by the federal, state, and local governments.

A new study from the Joint Center for Housing Studies revealed that annual household growth between 2019 and 2021 averaged between 2.0 million and 2.4 million per year, fueled primarily by millennials.

As homebuyers nationwide face inflationary home prices, those who purchased a home relocated at an unprecedented rate in Q4, as elevated mortgage rates and economic uncertainty drove many homebuyers to more affordable areas.

A new study by Reggora has found that over the last 12 months, the time to process an appraisal has dropped steadily as volume has become more manageable per appraiser.

Housing market potential increased in November-December 2022 but remains lower than it was in December 2021.

A new Veterans United Home Loans survey revealed that high home prices are among the top reasons that impact the decision to buy a new home among service members and Veterans. However, many remain optimistic about homebuying in 2023 despite ongoing affordability challenges.

"In our view, the balance still suggests a modest recession, particularly if the Federal Reserve maintains its focus on labor market tightness,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.

Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes nationwide.

The share of homes that sold above their list price also fell to levels last seen in June 2020.