Published by REALTOR.com | October 1, 2024 On the campaign trail, Vance and Walz have staked out their respective positions on the housing crisis, for the most part differing widely on its causes and solutions. What J.D. Vance has said about housing affordability In a speech at the Republican National Convention, the senator from Ohio …
How J.D. Vance and Tim Walz Differ on the Housing Crisis Read More »
Published by FOX Business | October 1, 2024 37% fewer homes were sold this year compared to during the middle of the pandemic buying frenzy The U.S. housing market has remained stagnant, with just 25 out of every 1,000 homes changing hands in 2024, according to recent data from real estate firm Redfin. The first …
Housing Turnover Rate Hits Lowest Level in 30 Years Read More »
Published by REALTOR.com | September 19, 2024 More than three-quarters of boomer homeowners say owning a home is the primary reason they’re financially secure. Homebuyers hoping for a flood of homes to hit the market from aging baby boomers might be disappointed by the results of a new survey. Among boomers who own homes, 54% …
Boomers Own 38% of America’s Homes—but More Than Half Never Plan To Sell Read More »
Published by FOX Business | September 10, 2024 Inflation and affordable housing loomed large during the Harris-Trump presidential debate Former President Trump and Vice President Harris led off the high-stakes presidential debate Tuesday with a discussion about the cost-of-living crisis and economic challenges Americans are facing. The first faceoff between the two, held in Philadelphia …
Cost-Of-Living Crisis Kicks Off The Harris-Trump Debate Read More »
Published by Forbes.com | August 29, 2024 The housing market is poised for a dynamic shift this fall, driven by declines in mortgage rates. Mortgage rates have recently fallen to 6.5% for a 30-year fixed-rate mortgage, a meaningful decline from the peak of 7.8% in October of last year. This decline has led to the …
What Home Buyers And Sellers Can Expect This Fall Read More »
Published by REALTOR | August 14, 2024 The next six months should bring some welcome relief to homebuyers and sellers in the form of lower mortgage rates, according to the Realtor.com® midyear housing forecast for 2024. So far, 2024 has been a tough year for the housing market with high mortgage rates, stubborn home prices, …
Midyear Real Estate Forecast Reveals Major Change for Homebuyers Read More »
Published by FOX Business | July 24, 2024 Tiny homes can range between 300 and 750 square feet The housing affordability crisis that continues to trouble would-be homebuyers is sparking an increase in demand for tiny homes. In response to this demand for more affordable properties, an innovative tiny home community called Mustard Seed Village …
Demand for Tiny Homes Spikes as Housing Affordability Crisis Continues Read More »
Published by REALTOR.com | July 16, 2024 The combination of high list prices and elevated mortgage rates means owning a home now costs nearly twice as much as it used to. Scraping together enough money to buy a home can seem like a fruitless endeavor, especially in today’s housing market dominated by high mortgage rates …
The Salary Needed To Afford a Home Has More Than Doubled Since Before the Pandemic Read More »
Published by REALTOR.com | June 29, 2024 Housing experts have been speculating that the laws of supply and demand may be finally catching up to market conditions. Some are forecasting a correction, or even a crash. It’s been about two years since mortgage rates hiked up, slamming the brakes on what had been a historically …
Published by CNBC | June 25, 2024 The housing market is unlikely to recover for several years and affordability won’t get any better unless a recession hits, according to Bank of America economists. In a mostly pessimistic outlook on the sector, the bank sees a variety of factors lining up against both a major improvement …
BOA: Housing Market To Remain ‘Stuck’ Until At Least 2026 Read More »
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