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Housing Market

4 Housing Market Predictions from Realtor.com Chief Economist

Realtor.com Chief Economist Danielle Hale shared her predictions on several housing-related topics on a recent episode of the Knowledge Brokers Podcast.

January 17, 2024

Housing Market

Is the Lock-In Effect Fading? How to Help Homeowners Navigate Today’s Interest Rates

A new Redfin report shows fewer American homeowners were locked into mortgage rates below 6% in Q3 2023 compared to a year before. And a recent Steve Harney Tweet highlights plausible reasons for the diminishing power of the lock-in effect as a deterrent.

January 16, 2024

Housing Market

The 10 Best Markets for First-Time Homebuyers in 2024

A recent Realtor.com report highlights ten U.S. cities identified as the best markets for first-time homebuyers in 2024. Here’s why and what it means for your clients.

January 15, 2024

Housing Market

The Biggest Barriers to Homebuying for Millennials

A new report from Real Estate Witch shows high interest rates are the number one barrier to homeownership for millennials, followed by high home prices and saving for a down payment.

January 12, 2024

Housing Market

Top Inbound Trends and Outbound Shifts in 2023 Migration

United Van Lines released their 47th Annual National Movers Study, showing where (and why) Americans move.

January 10, 2024

Housing Market

2 Reasons Why Lance Lambert Doesn’t See a “Silver Tsunami” Coming for U.S. Markets

Lance Lambert, founder of ResiClub, appeared on last week’s Knowledge Brokers Podcast to discuss, among other things, the ‘silver tsunami’ theme in real estate and Meredith Whitney’s projections on housing supply in 2024.

January 9, 2024

Housing Market

Median U.S. Rent Falls for the Third Straight Month as the Vacancy Rate Climbs to 6.6%

A new Redfin report shows the U.S. asking rent dropped for the third consecutive month, falling 0.8% year over year in December 2024 to $1,964. By region, asking rents rose in the Midwest and Northeast; they fell in the West and South.

January 9, 2024

Housing Market

Zillow’s Hottest Markets for 2024

Zillow released its top 10 list of the hottest real estate markets for 2024, and Buffalo, New York sits at number one, followed by Cincinnati, Columbus, and other relatively affordable U.S. metros.

January 8, 2024

Housing Market

Is the Housing Affordability Bottom Behind Us?

A new Redfin report shows just 16% of homes listed in 2023 were affordable for the typical homebuyer—the lowest share on record, down from 21% in 2022. Affordability is expected to improve in 2024 as mortgage rates drop and supply increases.

January 5, 2024

Housing Market

Ivy Zelman and Meredith Whitney Discuss the Impact of a “Silver Tsunami” in 2024

Two respected analysts, Ivy Zelman and Meredith Whitney, spoke recently on the aging homeowner population and its impact on household growth and the overall U.S. housing market—an impact Whitney described as a “silver tsunami.”

January 4, 2024

Housing Market

Relocations Hit Lowest Level in 18 Months

Redfin’s latest report shows a drop in homebuyer migration to different metro areas as remote work options decrease and home prices go up in popular migration destinations. This time, Spokane, WA, made the top 10 list of metros with the highest net inflow.

January 3, 2024

Housing Market

Top Housing Market Predictions for 2024

Here are the top housing market predictions for 2024, with highlights from eight reliable sources, led by Fannie Mae’s Economic and Strategic Research (ESR) Group and wrapping up with eight predictions from Ryan Serhant.

December 27, 2023