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Housing Market

Nearly 9 in 10 Homes Near Schools Are Unaffordable for Teachers

A new Redfin report on affordability near schools shows the typical U.S. teacher can afford only 12% of the homes for sale within commuting distance of the school where they work—down from 17% last summer and 30% in 2019.

August 17, 2023

Two men stand side by side behind a banner reading 'MYTHBUSTERS' against a blue backdrop, arms crossed or relaxed pose.

Housing Market

5 Home Buying Misconceptions Americans Believe

Learn five common misconceptions Americans have about the home buying process, so you can help educate your clients.

August 16, 2023

Housing Market

Stuck in Renting Purgatory: Over 80% Believe It’s a Bad Time to Buy a Home

The Fannie Mae Home Purchase Sentiment Index® saw a slight increase in July as consumer sentiment on job security and household income improved or remained high. But 82% of respondents believe it’s a bad time to buy a home—up from 78% in June.

August 10, 2023

Housing Market

Black Knight Report Shows Home Prices Reaching New Highs, Driving Up Equity

Black Knight released its August 2023 Mortgage Monitor Report, showing a record high home price index (HPI), with new highs in 60% of U.S. markets. Annual home price growth rose to +0.8% in June, driving up homeowner equity to within 3% of 2022 peaks.

August 9, 2023

Housing Market

Recession, Soft Landing, or Holding Pattern: What’s Best For The U.S. Housing Market?

Fortune’s Lance Lambert joined Byron Lazine, Lisa Chinatti, and Tom Toole on the Knowledge Brokers Podcast to share his views on the housing market, and whether a soft landing, recession, or no landing would most improve housing affordability.

August 8, 2023

Hands of professionals pointing at a tablet displaying blue bar charts during a meeting.

Housing Market

Annual Foreign Investment in U.S. Existing-Home Sales Declined 9.6%

According to a new report from the National Association of Realtors®, annual foreign investment in U.S. existing home sales fell 9.6% to $53.3 billion. International buyers purchased 84,600 existing homes—the lowest number since 2009.

August 4, 2023

Housing Market

How the Inventory Shortage is Making Future Homes Taller and Smaller

A new report from Zillow highlights the challenges buyers face in today’s market, including higher costs and the severe shortage of affordable housing. A related report shows how builders are adapting by increasing production of taller and smaller homes.

August 3, 2023

Housing Market

Intent to Sell: Zillow Survey Reveals How Many Homeowners Are Likely to Move

A new Zillow survey reveals the mortgage rate tipping point: at 5%, homeowners are almost twice as likely to sell their homes since roughly 80% are locked into rates of 5% or lower.

August 2, 2023

Person hiding their face behind a fan of US dollar bills held in both hands, showing pink nails and rings in the foreground on a blurred background

Housing Market

What First-Time Buyers Need to Earn to Afford a Home Today

A new Redfin report reveals first-time buyers in the U.S. need about 13% more income to afford a starter home compared to one year ago, largely due to a combination of higher mortgage rates and low inventory keeping home prices high, despite lower demand.

August 1, 2023

Open-plan living room with white sofas, a glass coffee table, and a linear fireplace, plus large windows and a mirrored wall.

The 10 Best Cities for Spacious Living—and the 10 Worst

StorageCafe published a report ranking the 50 largest U.S. cities by spacious living potential, based mainly on median square footage for homes and residential lots. Raleigh, NC, is number one for spacious living, while Philadelphia and Chicago come in dead last.

July 28, 2023

Man in a suit at a podium, resting his chin on his hand, during a conference or press event with a blue rising-arrow graphic in the background.

Housing Market

Boom, Bust, or Neither: Robert Shiller Predicts the Looming Trend in Home Prices

This week on the Hot Sheet, Byron Lazine broke down the newest home price indices from Case-Shiller and the Federal Housing Finance Agency (FHFA), as well as a housing market prediction from Robert Shiller.

July 28, 2023

Person holds a set of keys toward the camera with a large red downward-arrow graph in the foreground, suggesting falling housing prices or a downturn.

Housing Market

Few and Far Between: Home Turnover for 2023 Is at Its Lowest in Over a Decade

A new Redfin report shows only 1% of U.S. homes—about 14 of every 1,000—have changed hands during the first half of 2023. That’s the lowest national turnover rate in at least a decade.

July 20, 2023