A new study has found that those selling a home in this sunny state are enduring the longest time to sell a home, with an average span of 65 days that homes are on the market. Click through to find out the state in question.
Read More »Looking to Save on a New Home? Look Here First
For a clearer glimpse into what first-time homebuyers are experiencing, Poin2 analyzed the number of years it would take for the average renter to save up for the upfront costs required to buy, as well as how many years it would take to cover the full cost of the first year of homeownership in the top-100 metropolitan real estate areas.
Read More »To Get Into the Housing Game, You Must Earn at Least $64,500
“Buyers searching for starter homes in today’s market are on a wild goose chase because in many parts of the country, there’s no such thing as a starter home anymore,” said Redfin Senior Economist Sheharyar Bokhari.
Read More »How Are Mortgage Rates Impacting Home Sales?
A new Zillow survey reveals that 80% of mortgage holders report having a rate of less than 5%, as over time, homeowners will come to terms with higher rates as commonplace.
Read More »Varun Krishna Joins Rocket Companies as CEO
Former EVP and General Manager of Intuit will succeed Bill Emerson as the company's CEO, bringing more than 20 years of experience building consumer platform strategies to his new role.
Read More »Survey Reveals Buyers’ Lack of Basic Homeownership Concepts
Despite the widespread aspiration for homeownership, many Americans lack the necessary knowledge of basic concepts integral to this dream.
Read More »Northeast and Midwest Pending Home Sales Rebound in June
Led by an increase in sales in the Northeast and Midwest, NAR found that pending home sales nationwide rose slightly month-over-month in June, with the market continuing to struggle with a lack of housing supply.
Read More »HUD Helps Clear the Pathway to Homeownership
The Department has announced two new initiatives geared toward building new housing units, and providing tools for preserving and improving affordable housing nationwide.
Read More »More Exit From San Francisco and New York in Q2
Redfin reports that 25.5% of homebuyers in the second quarter of 2023 looked to move, with San Francisco and the Empire State topping the list as homebuyers continue to depart expensive metros in favor of areas with more affordable housing options.
Read More »Mortgage Rates Push Slightly Upward
Freddie Mac reports mortgage rates still in excess of the 6.75% mark, as home buyers are increasingly turning to new construction to secure a home, and home builders are responding by picking up the rate of construction.
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