According to Redfin's latest Housing Market Update, inclement weather that froze parts of the U.S. slowed overall homebuying activity recently. Conversely, agents in warmer regions report that buyers and sellers remain active, despite mortgage rates remaining in the high-6% range.
Read More »December Housing Trends: Positive Signs for 2024?
According to the RE/MAX National Housing Report, home sales dropped year-over-year in December, but experts project that with mortgage rates continuing their downward trend, homebuyers that have been priced out or pushed to the sidelines may begin to creep back into the market.
Read More »Lack of Homes for Sale Stalls Potential Price Drops
As Americans continue, "grappling with limited purchasing power," according to Redfin Senior Economist Sheharyar Bokhari, housing supply remained below pre-pandemic levels in December, preventing home prices from dropping further as buyers continue to compete for a limited supply of homes for sale.
Read More »Record Office-to-Apartment Conversions Expected in 2024
A prominent trend in renowned U.S. metros like Washington, D.C., New York, and Dallas, a new report revealed the conversion of office buildings into living spaces is projected to surge to a new record high in 2024, having more than quadrupled in the past four years.
Read More »Pending Home Sales Make Biggest Jump in Two Years
Month-over-month, pending home sales rose 4%, the biggest increase in over two years. A new report breaks down the latest, including the resurgence of bidding wars.
Read More »Gen Z Buyers Stand a Better Chance in the South, Midwest
Like the generation that precedes them, members of Gen Z are concerned about affordability, according to a new Point2 study, which revealed the cities and regions where the youngest Americans have the best chance of achieving homeownership.
Read More »Dropping Rates Should Boost Home Sales in 2024
Fannie Mae’s Economic and Strategic Research Group predicts a gradual return to a more “normal” housing balance in 2024.
Read More »Inside the Affordability Gap Between Renting and Homeownership
Renting and/or owning a home continues to be a financial burden for average U.S. workers, according to ATTOM’s 2024 Rental Affordability Report, which showed that rents are growing faster than wages in most markets, outpacing home prices in nearly all of them.
Read More »Empty Nesters Outpace Millennial Parent Households
Empty-nest baby boomers own twice as many large U.S. homes as millennial parents living with children, a new Redfin report showed, as nearly half of all boomers are now living mortgage-free, with no motivation to sell in such a volatile market.
Read More »New Year, Same Housing Unaffordability Issues
While mortgage rates have moderated, housing market challenges such as affordability and rising home prices continue to hinder homebuyers nationwide.
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