Housing Unaffordability Carries Into 2024
While mortgage rates have moderated, housing market challenges such as affordability and rising home prices continue to hinder homebuyers nationwide, according to the Veros 2023 Q3 VeroFORECAST. Source: DS News
Number of Homeowners With Ultra-Low Interest Rates Dropped in 2023
The number of homeowners with relatively low rates has fallen because many have given up on waiting to move until rates fall and everyone who did so had to take [...]
Buyers Struggle to Find Homes Within Their Budgets
Home prices are increasing in some states, as potential homebuyers are finding it harder to find affordable homes within their budgets, according to a new study from the New Jersey [...]
Experts Reveal Emerging Real Estate Trends
Housing affordability remains a chief concern, even as renters see slightly improved conditions. Source: DS News
MRLP Expands to Pennsylvania, Welcoming Industry Veterans to Firm
McCalla Raymer Leibert Pierce announced that it has established a new office in Philadelphia, in addition to industry experts Lisa Lee and Judi Romano joining the firm, offering residential and [...]
HUD Announces More Than $40M in Funding for Housing Counseling Agencies
The U.S. Department of Housing and Urban Development’s Office of Housing Counseling revealed that the millions available in grants will help expand housing counseling services and provide comprehensive financial literacy, [...]
First-Time Homebuyers Feeling Optimistic About 2024
According to a recent Realtor.com survey, more than half of all first-time homebuyers indicated that now is a good time to buy, as moderating price growth and mortgage rates are [...]
2023 U.S. Foreclosure Activity Snapshot
A new report notes that 2023 foreclosure filings were up from 2022 but still below pre-pandemic levels. "Reflecting on 2023, we see the recent rise in foreclosure activity as a [...]
Declining Mortgage Rates, Monthly Payments Motivating Homebuyers
While the total number of listings is down year-over-year, a new Redfin report revealed that mortgage applications are rising as more home sellers list their homes on the market, offering [...]