Residential 16 | Paper Source Online

Rising Cost of Homeownership Leads to Increased Popularity of Build-To-Rent Communities

Published by REALTOR.com | December 27, 2022 A for-sale market with still-high housing prices and surging mortgage interest rates are pricing many out of homeownership, at least for now. Many renters crave the extra bedrooms, laundry facility, and backyard big enough for a pair of swings and a slide that single-family houses provide. But they’re …

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Homelessness Ticked Up In 2022 as Rising Rents Continued To Price People Out

Economy, Rental Property, Residential / By W. J. Mencarow

Published by REALTOR.com | December 19, 2022 Homelessness rose this year as rents and home prices spiked across the country. In January 2022, nearly 582,500 people experienced homelessness, according to a recent U.S. Department of Housing and Urban Development report. That figure is a slight increase—about 0.3%—from 2020. However, homelessness fell 10% over the past 15 years. …

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Study: More Than 250K Homebuyers in 2022 are Underwater on Mortgages

Mortgages, Residential / By W. J. Mencarow

Published by WJTV News | December 10, 2022 The findings reflect a real estate market that has seen home prices cool in recent months amid a period of rapidly rising mortgage rates. More than 250,000 borrowers who purchased homes this year now owe more than their house is worth today, according to a new analysis. …

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Zillow Names The 10 Best Metros For First-Time Home Buyers In 2023

Residential / By W. J. Mencarow

Published by Forbes.com | December 7, 2022 Wichita, the largest metro in Kansas, landed the top spot largely because of its relative affordability. As the share of buyers purchasing a home for the first time rebounds to pre-pandemic levels amid a changing market, a new Zillow analysis rates Wichita, Kansas as the top area in America for potential …

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