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Housing Market

Happy couple posing with house keys during a move-in, with boxes in a living room behind them.

Housing Market

Homeownership by Age 25: Comparing Gen Z to their Parents

In the race to homeownership, Gen Z gained a slight edge over their parents’ generation. A new Redfin report shows 30% of Gen Z reached homeownership by age 25 in 2022, compared to 27% of Gen X, 28% of millennials, and 32% of baby boomers at that age.

April 25, 2023

Housing Market

Calling All Knowledge Brokers: Help Consumers Make Sense of the Latest Housing Market Reports

Four different housing market updates—from Fannie Mae, Redfin, NAR and Zillow—highlight home price changes and challenges for entry-level home shoppers. At first glance, opposing headlines could be confusing for consumers.

April 24, 2023

Joyful young woman in a light blue shirt raises her arms as dollar bills float around her.

Housing Market

What Are The Odds? Winning the Lottery vs. Homeownership

New Zillow research reveals over half of Gen Z and millennials who are not homeowners believe they would have to win the lottery to afford a home purchase.

April 24, 2023

Roller-coaster carriages climb a steep track with a white diagonal banner reading 'HOME PRICES' across the cars, against a cloudy sky.

Housing Market

The Biggest Home Price Drop in Over a Decade is Here

A new Redfin report shows that home prices fell 3.3% in March, marking the biggest annual drop in over a decade nationwide. But home prices vary greatly based on the local market.

April 20, 2023

Downward-trending blue bar chart over overlapping dollar bills and a 'RENT' label, implying falling rents or rent decline in the economy.

Housing Market

First Annual Rent Decline in Three Years

A new Redfin report shows the first annual rent decline in three years, with the median rent dropping 0.4% year over year in March to its lowest point in 13 months.

April 19, 2023

Two colleagues lean on a conference table in a bright city-office, with realtor.com and HarrisX logos overlaid on the image.

Housing Market

82% of Seller-Buyers Feeling Lock-In Effect in Today’s Market

A new survey by Realtor.com and HarrisX shows 82% of seller-buyers are feeling the lock-in effect of their lower mortgage rates, especially when considering the impact of today’s higher rates on their monthly mortgage payment.

April 19, 2023

Large black symbol overlaying a grayscale city skyline and desert highway, suggesting prohibition or negation.

Housing Market

Homeownership and Wealth: NAR Report Reveals Disparities in Wealth Gains

A new report from the National Association of REALTORS® (NAR) shows significant inequalities in homeownership rates and household wealth gains across different income levels and racial/ethnic groups.

April 18, 2023

Logos of real estate brands (National Association of Realtors, CREA, CoreLogic, Zillow) over a tablet showing a chart on a work desk for a partnership/industry image

Housing Market

Home Price Forecast Updates from NAR, CREA, CoreLogic and Zillow

New home price forecast updates from NAR, CREA, CoreLogic and Zillow indicate an increase in home values across the U.S. and a decline in home values in Canada.

April 17, 2023

Housing Market

Pets Over Partners: Gen Z Wants Fenced Yards Over Double Sinks

According to new Zillow research, Gen Z would prioritize pets over partners and children when buying a home. A Gen Z pet owner is more likely to choose a fenced yard over double sinks, a kids’ playroom, or a home office for their partner.

April 14, 2023

TD Bank promotional hero showing a couple with moving boxes in a home, emphasizing first-time buyers' optimism about the market.

Housing Market

First-time Homebuyers Optimistic Amid Uncertain Market

A TD Bank survey finds first-time homebuyers are optimistic about becoming homeowners, saying it’s a good time to buy—despite volatile mortgage rates and low inventory. Rising rents are driving more renters toward homeownership.

April 12, 2023

Modern villa by a pool at dusk with bold market headline: Redfin says vacation-home demand is down more than 50%.

Housing Market

Demand for Vacation Homes Is Down More than 50%

A new Redfin report shows demand for vacation homes is down more than 50% from pre-pandemic levels as mortgage rates, new loan fees, and a cooling rental market deter second-home buyers.

April 12, 2023

Housing Market

Another Affordability Hurdle: Property Taxes are Up Across the U.S.

A new ATTOM report on 2022 property taxes for 87 million U.S. single-family homes shows property taxes are up 3.6% from 2021. Average property tax rose 3%, with an effective property tax rate nationwide of 0.83%, down to its lowest point since at least 2016.

April 10, 2023