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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

Housing Market

Existing Home Sales in 2024 Could See Historic Low

Fannie Mae’s ESR Group revised downward its forecast for existing home sales, predicting an annual sales rate at its lowest since 1995, due mainly to the lock-in effect and persistent affordability constraints.

September 23, 2024

Housing Market

What Renters Want Most in 2024

New Zillow research reveals 11 rental features that get more saves and shares on Zillow Rentals. Today’s renters are showing a preference for rental listings that mention pet areas, happy hours for tenants, air purification and coworking spaces.

September 22, 2024

Housing Market

A Decline in Mortgage Rates Gives Buyers $74,000 in Purchasing Power

A new Realtor.com report shows falling mortgage rates increased homebuyers’ purchasing power by $74,000 nationwide in August 2024 compared to October 2023.

September 19, 2024

Housing Market

Powell: “It’s Hard to Game Out” the Housing Market

At yesterday’s FOMC press conference, Fed Chair Jerome Powell announced a 50 basis point cut to the federal funds rate, the first reduction since COVID. Here’s a breakdown of his statements about housing.

September 19, 2024

Housing Market

Sellers with Real Estate Agents Make $79,000 More

According to a survey by Clever Real Estate, home sellers who used a real estate agent in 2023 or 2024 made $79,000 more in profit than those who sold without one.

September 18, 2024

Housing Market

Mortgage Payments Drop Below Rent in 22 U.S. Cities

According to a new Zillow Home Loan analysis, mortgage payments are now lower than rent in 22 major U.S. metros, offering potential homeowners significant monthly savings.

September 16, 2024

Housing Market

More Inventory, Lower Rates: Golden Opportunities for Homebuyers this Fall

Zillow’s latest market report shows that lower mortgage rates and rising inventory are improving affordability for home buyers, offering increased negotiating power and more listings to choose from.

September 13, 2024

7-in-10-Boomers-Think-Younger-Generations-Could-Buy-a-Home-if-They-Tried-Harder-BAM-featured-image

Over 50% of Boomers Think Younger Generations Could Buy a Home if They “Tried Harder”

New research from Clever Real Estate reveals that more than 50% of Boomers never intend to sell their homes. The study also highlights generational differences in homeownership perspectives and the ongoing affordable housing crisis.

September 12, 2024

Housing Market

Save $14,000 During the Best Week to Buy a Home

According to Realtor.com, the best week to buy a home in 2024 is from September 29 through October 5, with potential savings of over $14,000 compared to peak summer prices.

September 11, 2024

How Return-to-Work Policies Are Shaping Buyer Behavior in Major U.S. Markets

How Return-to-Office Policies Are Shaping Buyer Behavior in Major U.S. Markets

Realtor.com and Placer.ai reveal how rising office foot traffic in July 2024 is impacting housing markets in major U.S. cities. Discover the five metros most affected by return-to-office trends and shifting homebuyer behavior.

September 10, 2024