In a landscape characterized by constrained housing supply and diminished affordability, prospective first-time homebuyers find themselves navigating heightened competition with investors for the limited pool of affordable or low priced homes available on the market.
Investors Turn Attention to Low-Priced Housing Opportunities Read More »
The February 2024 updated study by Veros Real Estate Solutions (Veros) examines the influence of historical redlining on modern automated valuation models (AVMs) in the housing market. In their update, researchers expand their analysis to five additional metropolitan areas in the United States.
2024 Veros’ Study Update on “Does Historical Redlining Influence Today’s AVM Estimates” Read More »
Media channels are currently abuzz with discussions surrounding baby boomers and homeownership, citing them as a key factor contributing to the constrained housing supply. In 2022, a third of all owner-occupied homes are owned by those 65 years or older.
Baby Boomers’ Housing Boom Read More »
In January 2024, the U.S. unemployment rate remained at 3.7%, maintaining its level from the previous month, despite the backdrop of additional layoff announcements.
January 2024 Unemployment Remains at 3.7% Despite Several Layoff Announcements Read More »
In the dynamic landscape of the real estate market, the patterns of homebuyer interest are undergoing a transformation. Buyers are veering away from the traditionally popular West and South regions, redirecting their attention to the affordability haven offered by the Northeast and Midwest.
Why Homebuyer Interest is Shifting to the Northeast and Midwest Read More »
Explore various year-end mortgage rate scenarios, ranging from 6.0% to 6.6% in conjunction with different house price gains scenarios.
The housing market boomed during the pandemic years and now seems to be in a frozen state. Is it the employment landscape, inflation, or could it be the simultaneous rapid surge in mortgage rates and home prices over the past three years in combination with the demographic trends?
Mortgage Rates and Demographics are Shaping the Current Housing Market Read More »
Hurricane Ian, a Category 4 storm, struck in September 2022, causing extensive damage to over 30,000 homes in the Fort Myers area. As a result, numerous residents were compelled to vacate their homes and are now confronted with the challenging process of reconstruction or renovation.
Cape Coral – Fort Myers Housing Market After Hurricane Ian Read More »
While everyone’s buzzing about those lucky homeowners with ultra-low mortgage rates, millions of homeowners are quietly celebrating a different kind of financial freedom: ditching their mortgages altogether! That’s right, 40% of owner-occupied homes in the US are now mortgage-free.
Who Owns Mortgage-Free Homes and Where? Read More »
Data released by Federal Reserve Bank of New York in their Quarterly Report on household Debt and Credit shows that consumers added $228 billion in debt from Q2 2023 to Q2 2023 to reach $17.29 trillion. The debt burden increased by 4.8% or $786 billion from Q3 2022 to Q3 2023.
Consumer Debt is Growing Read More »
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