Foreclosures Have More Than Doubled in 2 Years—Will Cheap Homes Flood the Market?

Foreclosure / By

Published by REALTOR.com | January 12, 2024 The number of homeowners at risk of foreclosure has surged over the past two years. More than 357,000 properties received a dreaded foreclosure filing in 2023, according to a recent report from real estate data firm ATTOM. That was up 10% from the previous year—and 136% from 2021. However, another wave of …

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Paying Rent Still a Problem for 24% of Renters

Rental Property, Residential / By

Published by FOX Business | January 9, 2024 The total share of Americans who rent is 36%, according to the survey Some renters are having difficulty paying their rent. About 24% of American renters are experiencing rent affordability issues amid high rent prices and other factors, according to a survey put out Monday by Intuit Credit Karma. …

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What Happens With Mortgages if There’s a Recession?

Economy, Interest Rates, Mortgages / By

Published by Real Estate News | December 18, 2023 Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures this year. Though mortgage rate relief appears to be on the horizon, it’s still anyone’s guess which direction the housing market will go in 2024. The …

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Mortgage Rate Forecasts For 2024 Signal A Comeback For Real Estate

Interest Rates, Mortgages / By

Published by Forbes.com | January 5, 2024 Falling mortgage rates will make it easier to buy homes this year, economists say. Economists predict the real estate market will recover in 2024 after a spike in mortgage rates and a shortage of properties sent sales tumbling to a 28-year low in 2023. Home sales likely will climb …

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Apartment Rent Relief Is Expected To Continue in 2024

Rental Property, Residential / By

Published by REALTOR.com | January 2, 2024 Relief for tenants has come from a surge in new supply that has pushed vacancy higher, making it harder for landlords to raise prices. The apartment rental market finally stopped clobbering tenants with big price increases in 2023. That trend will likely continue in the new year, even …

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Is The American Dream Dead? Gen Z Balking at Homeownership

Housing Market, Residential / By

Published by FOX Business | December 28, 2023 64% of Americans are homeowners, a rate lower than that of China and Brazil Gen Z no longer sees homeownership as an aspiration and is increasingly balking at mortgages to rent in luxury amenity-filled apartments instead. Young Americans have taken to social media apps like TikTok in recent months, …

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Latest Home Sales Data Offers Hope: Is America’s Housing Market Finally Looking Up?

Housing Market, Residential / By

Published by REALTOR.com | December 21, 2023 Has the housing market finally turned a corner to end the year looking merry and bright? A new report from the National Association of Realtors® has found that after five straight months of declines, sales of existing homes ticked up by 0.8% in November compared with the previous month, to a seasonally …

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U.S. Economist Predicts 2024 Will Bring ‘Biggest Crash of Our Lifetime’

Economy / By

Published by FOX Business | December 19, 2023 As the clock ticks closer to 2024, one outspoken economist is making a dire prediction about the markets in the new year. “Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, …

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