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Housing Market

Home » Housing Market
Housing Market

Millennials and Gen Z Drive Majority of Mortgages in 2023

A new report from Redfin shows Millennials and Gen Z taking out the majority of mortgages in 2023, with 39.7% of the year’s total mortgages issued to buyers under 35 years of age and 26.5% going to buyers 35-44.

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May 20, 2024
Housing Market

Top 10 Markets for Home Buyers and Sellers in April 2024

Zillow released its Housing Market Report for April 2024, highlighting the best markets for homebuyers. Florida and Texas have seven of the top 10 metro areas listed, thanks to strong construction numbers, which have eased buyer competition.

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May 19, 2024
Housing Market

43% of Recent Home Buyers Struggle with Mortgage Payments

New research from Clever Real Estate, a St. Louis-based real estate company, shows more than two in five recent homebuyers (43%) struggle to make their mortgage payments.

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May 16, 2024
Housing Market

Vacation Home Demand Hit a 6-Year Low in 2023

A new Redfin report shows vacation home mortgages dropped 40% year over year in 2023, falling to a six-year low.

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May 16, 2024
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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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May 2, 2024
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