5 Housing Markets That Would See a Huge Increase in Homeownership if Mortgage Rates Dropped
Spokane, Wash., would experience an 11.4% increase in affordability if rates dropped to 6%
Survey Shows Buyers Have Homebuying Regrets
More than 80% of respondents have regrets about their home purchase and 50% of upcoming buyers would consider forgoing using an agent
4 Housing Affordability Organizations Awarded 2024 Ivory Prize
Ivory Innovations will provide $300,000 in total prize money to support winners’ initiatives
Mortgage Applications Increase Week-Over-Week, but Rates Remain a Challenge for Buyers
Data from the Mortgage Bankers Association show slight signs of optimism in national housing market
Median US Down Payment Falls by More Than $4,000
The recent decrease in costs is welcome relief for homebuyers, but many West Coast markets remain expensive
Data Show Most Americans Are Struggling to Afford a Home
40.5 million households can only afford to purchase a $150,000 home
Housing Policy + Finance
Oregon Takes Action to Tackle Its Housing Shortage
Oregon moves to address its housing crisis and boost new housing development as quickly as possible
Financing
Mortgage Rates Are Falling, and Homebuyers Are Responding
The Federal Reserve just raised its benchmark interest rate for the ninth consecutive time, but mortgage rates are falling, and as a result, homebuyer demand is rising
Affordability
These Are the Housing Markets Seeing the Most—and Least—Price Reductions
Homebuyers daunted by rising home prices and borrowing costs are pulling out of the for-sale market. To bring them back, sellers are being forced to make concessions
Housing Policy + Finance
The Downside of Rent-Control Measures
If implemented, housing experts say rent-control measures could actually discourage investment and development in the rental housing sector, contributing to the affordability crisis
New-Construction Projects
Habitat for Humanity Builds Affordable Housing for Orange County Families
Volunteers with Habitat for Humanity Greater Orlando and Osceola County are building 19 homes for local families
New-Construction Projects
How One Colorado City Paved the Way for In-Demand Affordable Senior Housing
The city of Durango, CO donated 1.5 acres of land for affordable senior housing
Financing
Billionaire MacKenzie Scott Is Donating Two of Her Homes to Fund Affordable Housing Initiatives
MacKenzie Scott is donating two mansions worth a combined $55 million to fund affordable housing initiatives in LA
Remodeling
Report Finds Existing US Housing Stock Still Needs More Investment
Despite the pandemic boom in remodeling, a new report from Harvard's Joint Center for Housing Studies finds many U.S. homes still require critical replacements and repairs
House Review
Down Payments Are Shrinking, but Not in These Pricey Metros
The typical down payment is 10% smaller than it was a year ago, but buyers in these costly metros are still dishing out the big bucks for home purchases
Builders
Home Builder Incentives and Price Reductions Are Finally Paying Off
Home building company KB Home reported a drop in cancellations at the start of 2023 after a major slowdown in buyer activity during the final quarter of 2022
