Affordability is improving in 37 out of the 50 most populous metros in the U.S. as mortgage rates come down and household incomes gradually rise. However, in pricey coastal markets, most households still only earn about half of what is necessary to aff… Continue reading
Markets across the Midwest and South offer enviable affordability; however, lower housing prices can reflect deeper issues, such as economic disinvestment and discriminatory housing policies. Continue reading
Easing mortgage rates and flat home price growth led to a win for homebuyers in October, according to Zillow. However, future volatility may put buyers back on the sidelines. Continue reading
Existing-home sales edged up in July, as increasing inventory and improving affordability pushed more homebuyers into the market. The sale of single-family, townhomes, condominiums, and co-ops increased 2 percent month-over-month and 0.8 percent year-o… Continue reading
Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better. Continue reading
Annual existing-home sales increased for the first time in more than three years in October, according to the National Association of Realtors. “The worst of the downturn in home sales could be over.” Continue reading
The California Association of Realtors expects existing single-family home sales to reach more than 300K units by the end of 2025. Active inventory is due for a 10 percent boost as well. Continue reading
Record-low inventory and rebounding buyer demand buoyed U.S. homesellers’ profit margins for the first time in a year, according to a quarterly market report published Thursday by real estate data firm Attom. Profit margins for median-priced single-fam… Continue reading
Palm Bay, Cape Coral and Tampa top WalletHub’s list of the best markets for first-time homebuyers. However, a closer look at the rankings shows first-timers may need to sacrifice quality of life for affordability gains. Continue reading
Agents often say “real estate is local” when speaking to clients, potential leads, and family and friends in need of some sound buying and selling advice. While that phrase has become somewhat cliché, Redfin’s latest data report published on Tuesday pr… Continue reading