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Housing Market

Global Markets Plummet & Mortgage Rates Reach Lowest Level of 2024—Here’s How to Talk to Today’s Home Buyers and Sellers

On today’s Hot Sheet, BAM co-founder Byron Lazine discussed Friday’s employment report and subsequent market reactions, how it could impact the U.S. housing market, and how real estate agents can talk to consumers about today’s headlines.

August 5, 2024

Housing Market

Housing Inventory Hits New Post-Pandemic High

The Realtor.com® July Housing Report shows the housing market is becoming more buyer-friendly with a 36.6% increase in active listings and an increase in price reductions.

August 2, 2024

Housing Market

FOMC Recap: Markets react to Powell’s remarks. Plus, everything that was said about housing.

At yesterday’s FOMC press conference, Fed Chair Jerome Powell hinted at a rate cut in September. Here’s a breakdown of his statements about housing.

August 1, 2024

Housing Market

Top 10 Rental Markets of 2024

Realtor.com names the top 10 rental markets of 2024, showcasing cities with affordable rentals and strong job opportunities.

July 31, 2024

Housing Market

Top 10 Budget-Friendly (and Demo-free) Home Renovations for 2024

Zillow and Thumbtack reveal the top no-demo renovation projects of 2024 that boost homebuyer interest, offering affordable upgrades under $5,000 to increase home saves and shares on Zillow.

July 28, 2024

Housing Market

Homebuyers Hit the Brakes: June Sees Record Deal Cancellations

A new Redfin report shows nearly 56,000 home purchase agreements fell through in June, accounting for 14.9% of the homes that went under contract—the highest share of any June on record since 2017.

July 25, 2024

Housing Market

How Swing State Housing Affordability Has Changed Since the 2020 Election

Redfin’s analysis reveals that median monthly housing payments in swing states have surged 92% since the 2020 election, reaching an all-time high of $2,161, with affordability challenges significantly impacting voters ahead of the 2024 presidential election.

July 21, 2024

Housing Market

60% of Gen Z Worry They’ll Never Afford a Home

A new report by Clever Real Estate reveals the significant barriers Gen Z faces in homeownership, from high costs to saving challenges, and highlights their prioritization of goals other than homeownership, as well as their optimism in spite of financial struggles.

July 19, 2024

Housing Market

Home Prices Rose 6.9% Year Over Year in Q2—Down from 7.3% in Q1

According to Fannie Mae’s latest Home Price Index (FNM-HPI) reading, single-family home prices increased by 6.9% from Q2 2023 to Q2 2024, with the pace of growth slowing due to rising mortgage rates and increased home availability.

July 19, 2024

Housing-Affordability-Challenges-and-Predictions-by-Ivy-Zelman-BAM-featured-image

Housing Market

Housing Affordability Challenges and Predictions from Ivy Zelman

Join Willy Walker of Walker & Dunlop and Ivy Zelman of Zelman & Associates as they dive deep into housing affordability, market predictions, and innovative solutions for the future in their latest insightful conversation.

July 18, 2024

Housing Market

Top Consumer Knowledge Gaps in the Mortgage Process

Fannie Mae conducted a Consumer Mortgage Understanding Study in 2015, 2018, and again in 2023. Here, we’re focusing specifically on consumer understanding of the mortgage process and confidence in their ability to qualify for a mortgage.

July 17, 2024

Housing Market

Exurbs on the Rise: The New Suburban Frontier

The “Urban Suburban Report” by StorageCafe reveals key trends in suburban growth, driven by remote work and shifting demographics to show why Millennials and Gen Z, in particular, are increasingly choosing suburban and exurban living over city life.

July 16, 2024