First time homebuyers should check these cities per Realtor.com
Realtor.com on Thursday put out a report detailing the cities expected to be best-suited for those looking to purchase their first-ever home. Irondequoit in New York came in No. 1.
Mortgage demand surges at start of new year even as interest rates rise
A key measure of home-purchase applications rose 9.9% in the first week of 2024, even as mortgage rates moved higher to start the new year, new data shows.
Buffalo's housing market will be the hottest in 2024, Zillow says
Buffalo, New York will see its housing market become the most competitive out of 50 major cities this year, projections from Zillow indicated.
Property insurance rates keep climbing, worsening affordability crisis
Home and auto insurance rates continue to rise and are climbing out of reach for some Americans in what has been a brewing crisis.
Mortgage demand plummets again despite drop in interest rates
A key measure of home-purchase applications tumbled 9.4% in the final week of 2023, even as mortgage rates posted a sharp drop over the course of December.
Is the American dream dead? Gen Z balking at homeownership to rent luxury apartments
Gen Z Americans are choosing to rent expensive luxury apartments instead of getting a mortgage as some say they have no plans to ever purchase a home.
Home prices climb nearly 5% in October, largest increase of 2023: Case-Shiller
U.S. home prices accelerated at their fastest rate of the year in October, according to new data released from the S&P CoreLogic Case-Shiller home price index.
Housing affordability plummeted to lowest level on record in 2023
Housing affordability fell in 2023 to the lowest level on record as a result of an inventory shortage, a steep rise in mortgage rates and high home prices.
Existing home sales rebound from 13-year low amid cooling mortgage rates
The sale of previously owned homes rose in November for the first time in five months as falling mortgage rates helped to attract potential homebuyers.
Housing starts unexpectedly surge in November as mortgage rates fall
Housing starts surged in November to the highest level in six months as high mortgage rate began to fall, luring would-be homebuyers back into the market.
US homelessness up 12% from 2022, hits highest level since 2007
The point-in-time homelessness count released by HUD found over 650,000 people experienced homeless on a single night in January 2023, an increase of 12% from 2022.
Homebuilder sentiment rises more than expected as mortgage rates fall
Confidence among builders in the U.S. housing market rose in December for the first time in four months as high mortgage rates finally started to fall.
California's extreme wildfires are leaving residents without home insurance options as climate risks increase
California's extreme wildfires and wild weather has some home insurance companies either not accepting new applications or leaving altogether.
Mortgage demand jumps again as rates fall to lowest level since August
Home-purchase applications increased for the fifth week straight thanks to a recent drop in mortgage rates, which has helped to boost consumer demand.
Pending home sales fall to record low as high mortgage rates take a toll
Signed contracts to buy previously owned homes in the U.S. plummeted in October to the lowest level on a record amid a recent spike in mortgage rates.
Mortgage demand rises again as rates drop to 10-week low
Home-purchase applications increased for the fourth week straight thanks to a recent drop in mortgage rates, which has helped to boost consumer demand.
Difficult housing market forces divorced couples to live together: 'Feels like the impossible'
Some divorced couples are being forced to live together in a difficult housing market that makes finding another home expensive, if not impossible.
Home prices rise for eighth straight month in September
U.S. home prices continued to march higher in September despite a spike in mortgage rates, locking many would-be homebuyers out of the housing market.
Housing down payments hit all-time high as buyers battle high mortgage rates
Homebuyers are putting down a record amount of money in order to secure their dream house as they deal with a supply crunch and rising mortgage rates.
New home sales fell more than expected after spike in mortgage rates
New home sales in the U.S. fell more than expected in October as mortgage rates hit a two-decade high, pushing many would-be buyers out of the market.