Tag Archives: Home Prices

A new Joybird study revealed the top U.S. cities where and for how much renters can find a studio apartment to call home.

While millennials outpace baby boomers in population, the older generation owns a bigger share of large homes throughout the U.S., according to a new Redfin report. Here are the factors keeping empty nesters in those larger homes—and those homes off the market.

While the average U.S. state experienced more than a 3% increase in home prices last year, a new study from the New Jersey Real Estate Network revealed the states where prices rose the highest in 2023 and how it affected prospective homebuyers.

According to a new Realtor.com survey, while 2024 is expected to remain a challenging year for homebuyers, nearly all first-time homebuyers overwhelmingly feel that they’ll be able to afford a home within their lifetime.

More home sellers are listing their homes in the New Year, according to a new Redfin report, as mortgage applications tick upwards from last year’s levels while monthly housing payments decline from their all-time high recorded in October 2023.

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.

The Fannie Mae Home Purchase Sentiment Index revealed consumers' optimism surrounding mortgage rates surged in December, and according to Mark Palim, VP and Deputy Chief Economist at Fannie Mae, "a more optimistic rate outlook among consumers may signal an expectation that home affordability pressures will ease in 2024."

With interest-rate shock continuing to impact new listing volumes, housing inventory remains at historically low levels, according to HouseCanary's December Market Pulse Report. But positive developments may be ahead.

Housing costs reached record highs for homebuyers and renters in 2023, but affordability is projected to improve this year. A new Zillow report shares predictions for the hottest housing markets of 2024.

According to a new LendingTree study, rates began to trend in the right direction after peaking in October, with the average rate for 30-year fixed mortgages falling to below 7.00% by December, ending the year more than a percentage point lower than their 2023 peak. But will economic conditions continue to ease in 2024?