Residential

Renters Fear Missing Out On Homeownership — Except One Group

Published by Forbes.com | May 15, 2024 Housing affordability issues continue to make homeownership more of a dream than a reality for many people. Housing affordability issues continue to make homeownership more of a dream than a reality for many people. But those who can’t afford to buy a house are finding that renting is …

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Wall Street Has Spent Billions Buying Homes. A Crackdown is Looming.

Published by FOX Business | April 29, 2024 Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again. Democrats in the U.S. Senate and House have sponsored legislation …

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Mortgage Rates Just Topped 7%, Triggering a ‘Sense of Helplessness’ for Many Would-Be Homebuyers

Published by REALTOR.com | April 18, 2024 These higher rates are frustrating homebuyers and sellers, thwarting many of their plans. Mortgage rates are back up above 7%. Even worse, rates could rise further after U.S. Federal Reserve Chair Jerome Powell said policymakers were in no rush to cut rates while inflation remains stronger than anticipated. …

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SCOTUS Rules in Favor of Owners in Property Fee Dispute

Published by Realtor Magazine | April 15, 2024 NAR, along with other housing groups who chimed in on the case, call the unanimous Supreme Court ruling a major win for property rights. The U.S. Supreme Court ruled unanimously on Friday that the government cannot demand hefty development fees from property owners in exchange for building …

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Buyers of Newly Built Homes Can Face a Property Tax Surprise

Published by CNBC.com | April 9, 2024 First-time homeowners often face sticker shock on their mortgage payments after the first year of ownership It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of …

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Millennial Homeownership Is on the Rise Despite Affordability Issues

Published by REALTOR.com | April 3, 2024 About 38% of all buyers were millennials last year, according to the National Association of Realtors. That’s up from 28% in the previous year. Millennials are finding ways to become homeowners—despite an extremely challenging and expensive housing market. About 38% of all buyers were millennials last year, according …

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It’s Now Officially Cheaper To Rent Than Buy a Home in the 50 Largest U.S. Metros

Published by REALTOR.com | March 26, 2024 Rental prices are falling—and it’s helping to make it cheaper to be a paying tenant than a homebuyer in America’s 50 largest metropolitan areas. Rentals fell for the seventh month in a row on an annual basis, according to the Realtor.com® February rental report. Prices dropped annually by …

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Mortgage Rates Could Top 7% This Spring as Inflation Ticks Up

Published by REALTOR.com | March 12, 2024 Homebuyers might not want to bet on mortgage rates making any big drops as the spring housing market kicks off. Inflation ticked up in February by 3.2% year over year, according to the most recent consumer price index summary. That’s the third month in a row that inflation has …

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