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Housing Market

Down Payments Averaging $26,000, the Highest Q1 Level on Record

Realtor.com released their Down Payment Report for the first quarter of 2024, showing an annual increase in the median down payment—up 3 percentage points and about $12,000 from Q1 2023.

May 15, 2024

Housing Market

The 10 Best (and Worst) Cities to Invest in Short-Term Rentals

Clever Real Estate teamed up with Rabbu.com to identify the 10 best and worst short-term rental markets for investors in 2024. Tampa, FL, took the number one spot, while San Jose, CA, ranked dead last.

May 13, 2024

Housing Market

Top 10 Rental Markets for College Grads in 2024

Realtor.com put together a report with the 10 best rental markets for new college graduates in 2024 based on factors including affordable and available rentals, an abundance of job opportunities, and a thriving social/cultural scene.

May 11, 2024

Housing Market

Top 10 Metros With the Biggest Rent Increases vs. Wage Growth

Research from Zillow and StreetEasy show New York rents increased seven times faster than wages in 2023, putting an extra squeeze on renters’ budgets as housing affordability worsens.

May 9, 2024

Housing Market

Stalled Progress: Housing Affordability Squeezes Out Low-Income Buyers

A new Redfin report shows the share of new mortgages issued in 2023 to low-income homebuyers dropped from 23.2% in 2020 to 20.6% in 2023, bringing it back down to where it was in 2018 and erasing the progress made during the pandemic.

May 8, 2024

Housing Market

446% Increase of Millionaire Homeowners in 5 Years

According to a new report by Point2, the number of millionaire U.S. homeowners—as well as the number of millionaire homeowner households—have more than quadrupled from 2017 to 2022.

May 7, 2024

Housing Market

No Metros with Falling Home Prices—for the First Time Since July 2022

According to a new Redfin report, home prices are not falling in any U.S. metro for the first time since July 2022. In related news, the national median monthly mortgage payment climbed 15% year over year, reaching an all-time high.

May 6, 2024

Housing Market

Wait-and-See: Powell on Rate Cuts, Housing Inflation and Market Rents

At the FOMC press conference on May 1, 2024, Jerome Powell announced the Fed would hold rates steady, citing stubborn inflation leading to a wait-and-see approach. This BAM article breaks down all of Powell’s remarks on housing inflation and market rents.

May 2, 2024

Housing Market

Rent Prices Dip Nationally, But Rise in Key Markets

Realtor.com®’s March 2024 Rental Report shows a $5 annual drop in the median U.S. asking rent to $1,722—up $14 from the previous month.

May 2, 2024

Housing Market

Today’s Most Affordable Housing Markets for the Median Earner

According to a new survey from Clever Real Estate, prospective buyers need to earn at least $119,769 annually to afford a median priced home at $332,494 with a 10% down payment. That income is $45,000 more than the median U.S. household income.

May 1, 2024

Housing Market

57% of Americans Have Experienced Housing Discrimination

According to new Zillow research across 26 major U.S. metros, a majority of respondents (57%) say they have experienced housing discrimination. But only 42% say fair housing policies impact them and their families.

April 29, 2024

Housing Market

Nearly 40% of Homeowners Couldn’t Afford Their Homes Today

A new Redfin article shows nearly 40% of homeowners could not afford their homes if they were buying them today, thanks to monthly housing costs reaching an all-time high due to elevated mortgage rates and home prices that have doubled over the last decade.

April 24, 2024