Tag Archives: affordability

Median price per square foot is up 52.7% since 2019: Realtor.com

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Home values have boomed over the past five years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot. Continue reading →

Low-income buyers’ mortgage applications drop to 2018 levels

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Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11 percent from 2020 to 2023. Continue reading →

‘Buyers are losing faith in the American Dream:’ Redfin CEO

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Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it. Continue reading →

Canada easing mortgage terms for first-time new homebuyers

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Changes set to take effect Aug. 1 are part of an ambitious plan to boost housing construction by 2 million and help renters save up for a down payment. Continue reading →

Billionaires brawl as everyone else just tries to get by: The Download

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As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they’re going to pay the bills. Continue reading →

Pending home sales tally modest uptick amid rise in jobs, inventory

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Fueled by positive job growth and an increase in available housing, the National Association of Realtors’ Pending Home Sales Index rose 1.6 percent in February, according to data released Thursday. Continue reading →

Nepo Babies grow up as data points to new phenomenon: Nepo Buyers

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Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday. Continue reading →

2024 Spring Outlook: Another tight market, this time with extra anxiety

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As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales. Continue reading →

Negotiating short sales is a crucial skill for real estate agents

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With some areas seeing rising prices and low supply, Clever’s Luke Babich writes, many would-be homeowners are looking into unconventional routes to homeownership, including short sales. Continue reading →