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Market Data + Trends

The Biggest Obstacle for Homebuyers Isn’t Rising Mortgage Rates, Experts Say

Elevated mortgage rates are making homeownership more expensive for prospective buyers, but another housing obstacle is exacerbating the affordability crisis

Housing Policy + Finance

How Rent Control May Actually Be Hurting Cost-Burdened Tenants

While both tenants and landlords can benefit from effective housing policies, many existing regulations thwart new housing development that could ultimately reduce rental costs

Multifamily

Lebron James I Promise Program Opens New Akron Housing Complex

A LeBron James-backed I Promise affordable housing complex opened its doors to 50 families in Akron, Ohio, this week

 

Housing Policy + Finance

Pittsburgh Urban Redevelopment Authority Increases Investment for Affordable Housing

The redevelopment authority recently advanced a $42 million bond issue to fund new affordable housing projects

Government + Policy

Home Building Professionals Call on Congress to Address Housing Issues

More than 700 home building professionals marched on Capitol Hill this week to urge Congress to address key issues impeding new affordable housing production

Financing

Mortgage Purchase Applications Slow, Even as Rates Fall

Mortgage rates dropped by one-tenth of a percentage point at the start of June, but that gradual improvement in housing affordability wasn't enough to lure buyers back to the for-sale market

Affordability

First-Time Homebuyers Are Facing One of the Least Affordable Markets in US History

The Mortgage Bankers Association's Purchase Applications Payment Index reached a record high in April, highlighting the severity of a nationwide housing affordability crisis that disproportionately affects first-time buyers

Market Data + Trends

Three-Quarters of US Buyers Expect to Be Priced Out of the Housing Market

Homebuyers are growing increasingly pessimistic about the for-sale market as mortgage rates and home prices continue to climb

Affordability

As Housing Costs Rise, Millennial Buyers Turn to ADUs

Accessory dwelling units offer a compact, affordable, and energy-efficient alternative to traditional single-family housing 

Affordability

Is the Recent Rent Correction Reversing Course?

After dipping at the close of 2022, rents are once again beginning to climb. But does that mean the recent residential rent correction is already over?

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