Affordability and a plethora of amenities vaulted Gahanna, Ohio, to the top of Realtor.com’s 2024 hottest ZIP codes list. ZIP codes in Missouri and Indiana made the list too as out-of-state homebuyers search for a good deal. Continue reading
A new report in “The Wall Street Journal” found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today. Continue reading
A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases. Continue reading
HAPPENING NOW! At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. JOIN US VIRTUALLY. Continued economic growth in th… Continue reading
In June, five of the top U.S. markets showed some improvement in housing affordability and supply year-over-year, according to First American’s Real House Price Index, while some markets with improved inventory still struggled with rising costs. Continue reading
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin. Continue reading
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
Affordability continues to create challenges for would-be buyers, keeping renters in place for longer, according to a new report from Redfin. Continue reading
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
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