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Housing Market

Affordable-Housing-Hotspots-The-WSJ-Realtor-dot-com-Fall-2024-Market-Ranking_BAM-featured-image

Housing Market

Affordable Housing Hotspots: The WSJ/Realtor.com Fall 2024 Market Ranking

The Wall Street Journal/Realtor.com Housing Market Ranking for Fall 2024 highlights the top 20 U.S. housing markets where affordability meets strong local economies. This quarter’s top market is Canton-Massillon, OH, rising one spot from the previous quarter.

October 24, 2024

Housing Market

Remodeling Gone Wrong: What Homeowners Regret Most About Their Projects

Clever Real Estate’s recent research reveals that nearly two-thirds of homeowners (63%) have gone into debt for renovations, with 78% exceeding their budgets on their last projects.

October 10, 2024

Housing Market

Top U.S. Metros to Watch as Mortgage Rates Fluctuate

According to a new study from Realtor.com®, the Federal Reserve’s recent rate cuts are poised to significantly impact real estate markets with the highest shares of owner-occupied homes with a mortgage, particularly in Washington D.C. and Denver.

October 9, 2024

Housing Market

Consumer Sentiment Hits 30-Month High as Mortgage Rate Optimism Grows

The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 1.8 points in September to 73.9, its highest level in over two years, driven by record consumer optimism that mortgage rates will decline.

October 8, 2024

Housing Market

Top 10 Markets for Real Estate Investment in 2024

Realtor.com® reveals the top 10 U.S. markets for real estate investment in 2024, led by Dayton, Ohio. These metros offer home prices 21.7% below the U.S. average and rental vacancy rates as low as 4.8%, providing strong opportunities for property investors.

October 7, 2024

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Housing Market

Affordable and Livable: The 10 Best U.S. Metros to Call Home in 2024

According to RentCafe’s 2024 report, 139 U.S. metros were ranked based on factors like cost of living, quality of life, and community spirit to determine the most livable cities, led by Portland, ME, and Lincoln, NE.

October 5, 2024

Housing Market

End of the Lock-In? More Listings Hit Market as Rates Dip

The Realtor.com® September Housing Report shows newly listed homes increased 11.6% year-over-year as mortgage rates dropped to a 24-month low following a 50 basis point Federal Reserve rate cut.

October 4, 2024

Housing Market

The Top Reasons Homeowners Are Selling in 2024

According to Zillow’s seller report, 78% of homeowners are motivated to sell due to major life events, such as changes in family size or job relocations. Most sellers take 3-4 months to decide, with 48% seeking a new location, more space, and/or a different layout.

October 3, 2024

Housing Market

What Today’s Homebuyers Want: Preferences, Deal Breakers, and Budget Insights

Apartment Therapy’s latest survey reveals the biggest challenges homebuyers face in 2024, from high prices and mortgage rates to unexpected costs. Learn what today’s buyers are prioritizing and the biggest deal breakers when shopping for homes.

October 2, 2024

Housing Market

Owners’ Real Estate Equity in Q2 2024 Hits Highest Levels Since 1958

The National Association of Home Builders (NAHB), using data from the Federal Reserve, reports that owners’ equity in real estate assets reached 72.7% in Q2 2024, marking the highest level since 1958.

October 2, 2024

Housing Market

Buyers Can Save Nearly $38,000 on Homes with These Key Phrases

According to a new report from Realtor.com®, homes with phrases like “Priced to Sell” or “Bargain” in their listings come with an average discount of nearly $38,000 compared to the median-priced home.

September 26, 2024

Housing Market

Housing Affordability Improves for the First Time Since 2020

Two new Redfin reports highlight the recent improvement in housing affordability. The first highlights a 1.4% annual decrease in the income needed to afford a median-priced home, while the second shows 48% of listings spending 60+ days on market.

September 25, 2024