Apr 8, 2024 | News
U.S. Housing Affordability Remains at Historic Lows According to national property broker Redfin, the typical U.S. household earns $29,448 less than it needs to afford the median-priced home in 2024. While that’s a sign of a major housing affordability crisis,...
Apr 8, 2024 | News
According to the National Association of Realtors, pending U.S. home sales in February 2024 grew 1.6% month-over-month from January 2024. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. All four U.S. regions...
Apr 8, 2024 | News
According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, a small rise in U.S. mortgage rates in February 2024 led to sales of newly built, single-family homes to edge down 0.3% to a 662,000 seasonally adjusted annual...
Apr 8, 2024 | News
The lack of affordable housing in the United States is well-documented in the nation’s urban markets, where it is contributing to the swelling ranks of the homeless. That same dire need for affordable housing for the least prosperous among us, however, also is a...
Apr 8, 2024 | News
Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big...
Apr 8, 2024 | News
The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and...
Apr 8, 2024 | News
Today’s jobs report beat estimates, but the internals show the labor market is softening, as the Federal Reserve wants. The data shows that wage growth is cooling down and the job opening quits rate is below pre-COVID-19 levels. This bodes well for those hoping to see...
Apr 8, 2024 | News
Since the spring of last year, a typical family with a median income has not been able to afford a median-priced home, according to the National Association of Realtors’ (NAR) Housing Affordability Index. Half of U.S. homeowners and renters (49.9%) sometimes,...
Apr 8, 2024 | News
Rep. Scott Fitzgerald (R-Wis.) has introduced a bill to the U.S. House of Representatives that would codify the “tri-merge” credit model into law, a rebuke to the Federal Housing Finance Agency (FHFA)’s recent efforts to transition to a “bi-merge” model that would...
Apr 8, 2024 | News
Older Americans who own their home are staying put largely because they’re financially incentivized to do so. It’s contributing to the shortage of homes for sale. We asked baby boomers in a recent survey what they anticipate their living situation to be as they grow...
