Home prices could fall by 8 percent, but rising mortgage rates and a “mild recession” will blunt the savings in buyers’ pockets, according to Capital Economics’ new U.S. Housing Market Outlook. Continue reading
Rising home prices, mortgage rates and inflation slashed the share of first-time buyers down to 26 percent — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981. Continue reading
Compass must waive broker fees for the first 25 Section 8 renters who lease a property through the brokerage, said New York’s Attorney General, as part of the new terms to an April housing discrimination settlement. Continue reading
Demand for purchase loans fell 1 percent last week compared to the week before, and was down 41 percent from a year ago, according to a new Mortgage Bankers Association survey released Wednesday. Continue reading
The share of income required to afford a mortgage has risen to 30.2 percent, well above the established norm of 22.8 percent of a homeowner’s income, according to an analysis by Zillow released Thursday. Continue reading
This will go down as one of the most challenging years for non-owners who would like to enter the market to begin building equity. Livian’s Eric Forney offers insight and analysis as you navigate the challenges ahead. Continue reading
First-time homebuyers now make up 45 percent of all transactions, up from 37 percent of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday. Continue reading
Starting Thursday, homebuyers can scout down payment assistance programs on Redfin listings, thanks to the brokerage’s new partnership with Down Payment Resource. Continue reading
It’s still expensive to buy a home in nearly every part of the country. But for most buyers since the start of July, things didn’t get worse, new data shows. Continue reading
Zillow has lowered its assessment of home values nationwide as the market continues to muddle through an ongoing slowdown in real estate. Continue reading