Over one-third (36%) of Americans see real estate as the best long-term investment, not so much because of its potential returns but because of its overall stability, with home value consistently climbing.
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.
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.
A new Zillow analysis shows the U.S., as of February 2024, has 550 “million-dollar” cities (cities where the typical home is valued at $1 million or more)—59 more than last February’s total of 491.
New Zillow research shows selling in the first two weeks of June nets homeowners an additional 2.3% (about $7,700), compared to those selling at other times of the year, according to 2023 sales data.
A new nationwide Coldwell Banker survey shows price is more important than location to more than half the surveyed consumers who are looking to purchase a home.
Zillow’s latest findings show an annual increase of more than $100 in the cost of renting alone, with today’s “singles tax” amounting to an average of $7,110 a year.
A new Redfin report shows a $40,000 increase in purchasing power for homebuyers on a $3,000 monthly budget since mortgage rates peaked last fall.
Zillow released a new report showing over 20% of homeowners are now considering selling their homes within three years, largely due to the drop in mortgage rates and overall (though slight) improvement in housing affordability.
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.
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.
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.
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