Always a bridesmaid, rarely a bride, first-time buyers make big return

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

Redfin adds down payment assistance feature to website

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

Home affordability stabilizes, but remains tough nearly everywhere

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’s US home-value estimate drops for 2nd consecutive month

Zillow has lowered its assessment of home values nationwide as the market continues to muddle through an ongoing slowdown in real estate. Continue reading

4.3M apartments needed in US by 2035 to meet demand, study says

“Put simply, we do not have enough housing,” NAA President and CEO Bob Pinnegar says. He points to such factors as years of underbuilding and lack of affordability. Continue reading

‘It’s a basic human right:’ TikToker takes aim at rental price gouging

Brooklyn renter Grace Pinegar’s $700 rent hike went viral over the weekend, with more than 745,000 viewers agreeing that the increase highlights what’s wrong with the U.S. rental market. Continue reading

An economist’s take on what can be done about housing affordability

There are currently 45 million Americans aged between 25 and 34 — and most aspire to homeownership. However, according to Windermere Real Estate Chief Economist Matthew Gardner, the massive price growth many of us have benefitted from over the past sev… Continue reading

Home affordability hits 15-year low, passing ‘inflection point’ for buyers

An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow. Continue reading

Atlantic City is the most affordable beach town in the U.S. in 2022

There’s a misconception that homes in beach towns are unattainable for many Americans because of their higher prices, but Realtor.com says that’s just not so — here’s a list of affordable beach towns for homebuyers to explore. Continue reading