Tag Archives: market conditions

Outpacing millennials, Gen Zers are now driving renter households, according to a new analysis from the Joint Center for Housing Studies. As Gen Z rental demand heightens and older generations exit the rental market, experts predict the number of renter households Gen Z adds in the next 15 years will be an important pillar of housing demand.

As Americans hold tightly to their low mortgage rates, more than 90% of homeowners remain financially disincentivized from selling their homes, as it would cost more to borrow the same amount of money they owe on their current mortgage. A new study from First American dives into the situation.

A majority of homebuyers polled in a recent survey reported post-purchase regrets, according to a new report from Clever Real Estate. Click through for a look at the sentiments and specifics from this survey.

"Although a lot of homebuyers have acclimated to rates in the 6% range and many are finding ways to lower their monthly payments, like using a 2-1 buydown, high rates are handcuffing potential sellers,” said Redfin Deputy Chief Economist Taylor Marr.

As interest rates rise, demand for both purchase and refinance mortgages begin to wane.

The mortgage industry will face several major challenges in 2018 and beyond as housing prices continue to climb, interest rates rise, and affordability challenges remain the biggest obstacle for many potential homebuyers. In light of this, lenders should keep an eye on these trends that will emerge in 2018. Editor's note: This story was originally featured in the December edition of MReport, out now.