The median U.S. home price will likely hit $1 million around the year 2050, when the millennial generation is hitting the traditional age of retirement, a top housing…
Read more The Typical Home Will Cost a Million Dollars as Millennials Hit Retirement, Economist SaysProspective homeowners delaying purchases amid high prices, high mortgage rates – CBS News Watch CBS News The cost of a typical starter home has never been higher. Cristian…
Read more Prospective homeowners delaying purchases amid high prices, high mortgage ratesCourtesy of Redfin. After five years of worsening, housing affordability has finally started to improve, according to a new Redfin study. The amount Americans needed to earn declined 4%…
Read more Amount buyers need to afford typical home falls for 2nd month in a row after 5 years of increases – Houston Agent MagazineDespite a 5.5 million increase in the number of potential buyers who would qualify for a mortgage compared to a year ago, pending home sales in January were roughly flat month over…
Read more Pending home sales slip slightly in January despite improved affordability – Houston Agent MagazineEconomists, lawmakers, and Wall Street have long preached the need to increase housing supply to improve affordability, but it may not be that straightforward. According to a recent…
Read more We may be looking at the housing affordability crisis all wrong. Higher earners are driving home prices, not lack of supply, researchers say | FortuneExisting-home sales in the U.S. jumped 5.1% month-over-month to a seasonally adjusted annual rate of 4.35 million in December, surpassing the consensus expectation of 4.23 million and representing the highest rate in almost three years, the National Association of…
Read more Existing-home sales end 2025 at highest pace in almost 3 years – Houston Agent MagazineTHE BLUEPRINT: 30-year fixed mortgage rates dropped to about 6.15%, the lowest since September 2022 Some lenders are advertising rates as low as 5.75% for qualified buyers Nassau…
Read more Mortgage rates at 3-year lows, though high prices thwart buyers | Long Island Business NewsLast year, Minnesota’s homeownership rate saw its largest single drop in 40 years, a recent housing report shows. That new rate is 71% after being as high as…
Read more Report: Homeownership rate dips in Minnesota, state no longer regional leaderThe share of U.S. homes that have lost value in the past year is the highest since the aftermath of the Great Recession, according to Zillow. In October,…
Read more More than half of U.S. homes have dropped in value over the last year — and nearly all houses in these cities have seen losses | FortuneAs more U.S. homeowners struggle to keep up with mortgage payments and maintenance costs, new data shows the number of property foreclosures is steadily rising. CBS News contributor…
Read more Foreclosure filings on the rise, report findsIt pays less and less to buy and flip a home these days. From April through June, the typical home flipped by an investor resulted in a 25.1%…
Read more Now is the worst time to flip a home. It hasn’t been this bad in nearly two decades | FortuneIf the challenge of scraping enough money to buy a home in the U.S. weren’t enough amid painfully high real estate prices, the cost of owning a home…
Read more Monthly homeownership costs now top $2,000, new data showsHigh home prices and mortgage rates have created unaffordable conditions for many Americans, but the housing market’s ability to create more wealth has sputtered. That’s because even as…
Read more The housing market is no longer a wealth-building engine as home prices continue to slumpThe U.S. housing market’s inventory is growing, putting pressure on prices and slowing new construction, according to fresh research from the Bank of America Institute. As of June,…
Read more New home inventory is at its highest level since just before the housing market collapse that led to the Great Recession, but that doesn’t mean it’s the same marketWhile home sales have slowed, prices are still rising, which could indicate buyers are still willing to pay list prices or close to them for homes in the…
Read more DC home prices are still rising, but there’s a caveat skewing that headline – WTOP NewsListen to this article Long Island made another strong showing on the annual list of the 100 priciest zip codes in the U.S., placing 12 locales on the list. …
Read more Long Island lands a dozen zip codes on list of nation’s priciest | Long Island Business NewsExamining top issues for voters in Arizona, a key battleground state in 2024 – CBS News Watch CBS News Arizona is one of the seven battleground states that…
Read more Examining top issues for voters in Arizona, a key battleground state in 2024A home for sale in Washington Park West. Jan. 4, 2024. Kevin J. Beaty/Denverite Homebuyers in metro Denver are getting some relief from the relentless climb in housing…
Read more Homes for sale in Denver are sitting on the market longer as prices stay highMore U.S. cities and states are starting to say “yes, in my backyard” as they struggle to meet the housing needs of growing populations. The “YIMBY” movement is…
Read more Could the “YIMBY” movement fix America’s affordable housing shortage?Housing in La Alma/Lincoln Park. June 27, 2024. Kevin J. Beaty/Denverite Let’s say you want to put your home up for sale in the Metro Denver housing market.…
Read more Denver’s housing market feels topsy turvy to buyers and sellers
