With fewer homes selling than usual this spring, new listings remain sparse, according to a new report from Redfin, resulting in homes being snatched off the market sooner as homebuyers are left with limited options to choose from.
Read More »Millennials Bought More Homes Than Other Generations Last Year
About 30% of 25-year-olds owned their own home in 2022, higher than the 27% rate of the previous generation.
Read More »Female-Headed Households Still Struggle to Achieve Homeownership
According to a new study from Urban Institute, research revealed that among never-married households, there was a steady six-percentage-point female-male homeownership gap between 1990 and 2021.
Read More »Homebuyers Planning to Purchase in 2023 View Now as a Good Time to Buy
Despite economic conditions, a new report from TD Bank has revealed more than one-third of homebuyers planning to purchase a home reported that now is a good time to buy, as 54% of respondents said their level of financial preparedness has improved over the last two years.
Read More »Homeownership Affordability Inches Upward But Remains Weak Throughout U.S.
Homebuying conditions for house hunters may be improving as the portion of average wages nationwide required for typical major homeownership expenses fell slightly to 30% in Q1, according to ATTOM's latest U.S. Home Affordability Report.
Read More »Single Female Homeownership Gains Driving Overall Homeownership Rate Growth
Since 2019, the number of single, female-headed households has increased by 1.4 million, one million of whom are homeowners, according to a new report from First American.
Read More »FHFA Announces Roundtable Discussions, Listening Sessions
The Federal Housing Finance Agency has announced upcoming roundtable discussions and a wrap-up listening session as part of its comprehensive review of the Federal Home Loan Bank system.
Read More »Economists Predict Home-Price Slide Will End in 2023
Zillow's latest survey forecasts U.S. home values to remain nearly flat, rising just 0.2% over the course of 2023, with California to expected to experience the biggest declines.
Read More »Study: Black-White Homeownership Rate Gap is the Largest in a Decade
A new report from the National Association of Realtors revealed Black homeownership rates have not kept pace with increases of other racial groups, as Black homeowners and renters are more cost-burdened than any other racial group.
Read More »FHA Announces 30-Point Reduction in Mortgage Insurance Premiums
Reduction in MIP will result in an estimated savings of $678 million for American families by the end of 2023, and benefit an estimated 850,000 borrowers over the coming year, saving them an average of $800 annually.
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