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2024 Brightens for Homebuyers

According to a new Bright MLS Forecast, a slowdown in price growth and reduction in mortgage rates should boost the housing market over the next 12 months.

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Affordability Drove Migration in 2023

A Zillow study of United Van Lines data shows that people relocated to metros that were $7,500 less expensive in 2023, with Charlotte, Providence, and Indianapolis reporting the highest net in-migration among the nation’s 50 largest markets.

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Overcoming Homebuying Hurdles

Millennials polled in a recent survey noted that the current rate environment has deterred their purchase plans, and three out of four feel the market may get worse before it improves.

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How Many U.S. Households Are Considered ‘House Poor’?

According to a new Creditnews report, the number of American households considered "house poor" varies by state, with 17 exceeding the national average, as housing affordability continues to put financial pressure on prospective homebuyers and homeowners alike.

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Inventory Improves as New Listings Offer Buyers More Options

Realtor.com has released its Monthly Housing Market Trends Report for December, which revealed that while the share of active listings on the market remains low compared to pre-pandemic levels, an uptick in inventory could mean a broader range of homes for homebuyers to choose from.

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Kasper Steps Down as NAR President

Citing personal reasons, Tracy Kasper has informed the leadership team of the National Association of Realtors that she is stepping aside, to be replaced immediately by President-Elect Kevin Sears.

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Credit Availability Falls to Decade-Plus Low

“Credit availability declined in December to the lowest level since 2012, as ongoing industry consolidation is resulting in more loan programs being removed from the marketplace,” said Joel Kan, MBA’s VP and Deputy Chief Economist.

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Accessory Dwelling Units Offer Relief from Housing-Related Challenges

Accessory Dwelling Units, known as ADUs, are small, independent units that are inside of, attached to, or detached from a primary residence, and a new report from the Joint Center for Housing Studies revealed they may have the potential to address housing-related challenges like affordability, equity, and environmental issues.

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