Tag Archives: affordability

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 →

Sale-leaseback model is key to saving US homeownership: Study

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Volatile interest rates have trapped over 9 million homeowners from accessing their home equity, with limited refinancing or loan options. The white paper proposes sale-leaseback, highlighting EasyKnock’s Sell & Stay program as a flexible solution… Continue reading →

Tale of 2 housing markets will linger into 2024, Zonda economist warns

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With listings still in short supply, homebuyers are “dealing with an affordability shock” and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY. Continue reading →

This MLK Day, it’s time to put people over profits

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Coach Lee Davenport talks to Richard and Leah Rothstein, bestselling authors of “Just Action,” about the proactive steps we can take to help legacy residents flourish in the face of gentrification. Continue reading →

65% of millennials would still buy a home if interest rates were 10%

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Interest rates are poised to fall in 2024 — a piece of much-needed news for the millions of would-be buyers and sellers who’ve been locked out of the market after an extraordinary rise in rates from 2022 to 2023. However, if burgeoning economic tailwin… Continue reading →