How 2023's Housing Market Conditions Are Affecting the 2024 Market
Last year ended on an optimistic note, but persistent headwinds still exist to keep 2024 from getting the housing market back to pre-pandemic levels
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
Housing Affordability Becomes Debate Topic in 2024 Presidential Election
Presidential candidates are tackling affordability issues as home price-to-income ratio reaches record high
Mortgage Rate Declines Could Boost Home Sales Following Months of Low Activity
Encouraging economic news bumped mortgage applications up by 2.6% for the week ending May 3
Gen Z Feels Weight of US Debt Burden While Trying to Enter Housing Market
Current US debt has surpassed levels reached in the aftermath of World War II, with Gen Z bearing the brunt
Residential Building Wages Rise Again in March
Wage growth for residential building workers continued during March, but at a slower pace than during the previous month
Affordability
Most Americans Can Afford a New Home
Over half of U.S. households earn enough to buy a home without exceeding debt-to-income ratio rules
Homes Aren't Cheap in California
Low supply and strong job growth are key factors in driving up home prices
Million-Dollar ZIP Codes on the Rise, Says Zillow
There are a growing number of $1 Million Neighborhoods across the nation, with the New York-Northern New Jersey market leading the way
Redfin Housing Demand Index Virtually Flat From July to August
The Redfin Housing Demand Index rose only slightly from July to August (126 to 127), but increased 27.7…
Under Proposed Tax Reform, Fewer Homes Would Benefit From Mortgage Interest Deduction
If the tax reform proposal currently on the table is passed, only 5 percent of American homeowners would find it worthwhile to take the mortgage…
Home Price Growth Slows, Even as Inventory Drops
A recent Black Knight Financial Service analysis found that the rise home prices is beginning to stabilize. Despite the slowdown, the…
America's Most Livable Midsize Cities
Recent analysis from SmartAsset ranked the nation’s most livable mid-sized cities. Highland’s Ranch, Colorado and Cary…
Rising Home Prices Begin to Stall
After peaking in March of this year, month to month home price gains have been slowly decreasing. This might mean that rising home…
Negative Equity Prevents Homeowners From Selling
As home prices and housing demands continue to rise, negative equity is preventing many homeowners from putting their homes on the…
Baby Boomers Resist Selling Homes
According to CNBC, Baby Boomers are staying put in homes, aggravating the already low housing stock and preventing…
