Harvard Summer Fellows Tackle Housing-Related Issues
A group of 13 students from the Harvard Graduate School of Design and the Harvard Kennedy School are working to resolve a host of housing issues this summer
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
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
Supply Is Increasing, but Prices Aren’t Falling in This Overheated Metro
While some housing markets are posting price declines in a nationwide correction, cities such as Las Vegas are seeing slow sales and inflated housing costs, even as inventory rises
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
Some Lenders Now Offer Bargain Mortgages, but Experts Say They May Not Be a Good Idea
Americans can now buy a home with just 1% down, but experts warn there are risks associated with bargain mortgages
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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
Financing
Some Lenders Now Offer Bargain Mortgages, but Experts Say They May Not Be a Good Idea
Americans can now buy a home with just 1% down, but experts warn there are risks associated with bargain mortgages
Demographics
Younger Generations Are Staying Away From the Housing Market—Here’s Why
Gen Zers and Millennials are most disadvantaged by a financial crisis caused by soaring inflation and stagnant wage growth, and as a result, many are boycotting a volatile housing market
Housing Markets
This City Dodged the 2008 Housing Market Crash, but It’s Bottoming Out in a 2023 Correction
The Lone Star State bypassed a 2008 home price crash, but it's now caught in the middle of a 2023 market correction
Affordability
Year-Over-Year Rent Growth Falls as Household Formation Decelerates
Asking rents are on track for negative year-over-year growth by June or July, says housing analyst Bill McBride
Housing Markets
Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale
While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis
Market Data + Trends
The Biggest Hurdle for Housing Is Seller Hesitation, Experts Say
Elevated borrowing costs are currently affecting both homebuyers and sellers, with buyers hesitant to spend and sellers unwilling to list and sacrifice the lower rates they've locked in on their current homes
Affordability
A Lack of Listings Is Driving Up Home Prices
Despite fast-rising mortgage rates, home prices continue to increase as hesitant home sellers retreat, limiting the supply of homes for sale
Housing Markets
These Western States Are Seeing Their First Annual Price Declines in Years
Home prices are still rising throughout most of the U.S., but seven Western markets are posting their largest declines in years
Remodeling
Why Experts Say the Remodeling Sector Will Remain Strong Long-Term
Remodeling is slowing as inflation makes home improvement projects more expensive. But as homeowners opt to stay put rather than sell, many are expected to invest in extensive upgrades in the years ahead
