The number of homes for sale per US renter household remains near record lows, highlighting the supply crunch facing first-time buyers in the current housing market. Currently, there are about 30 renter households for every home available for sale, up from fewer than 10 in 2006, according to Freddie Mac’s latest market sentiment report. The … Read more
Tiny houses are the epitome of cute and affordable when it comes to a roof over your head. But they also come with a big question: Can you really fit in there and be happy? For Jacqueline Urick, who lives in a 540-square-foot home in Sturtevant, WI, with her beloved dog, Spice, the answer is … Read more
Homebuyers may be relieved to hear that down payments are finally falling from historic highs. A new report from Realtor.com® shows that the average down payment of home buyers from July to September 2024 was an average of 14.5% – or $30,300. That’s a savings of $2,400 from last quarter’s all-time high of $32,700 (14.9%). … Read more
Today’s high interest rates have created a ticking time bomb for many homebuyers who took out an adjustable-rate mortgage near the start of the COVID-19 pandemic. About 330,000 homeowners who took out an ARM in 2019 have already seen their five-year fixed-rate term end, and another 100,000 will join them next year, according to ICE … Read more
Beggars can’t be choosers – unless it’s your wedding day. Many newlyweds are opting to forego traditional gifts of cash funds and are instead adding the option of helping pay for a home purchase. Wedding resource websites like The Knot and Zillow Home Loans found that 55% more couples are adding a “home loan” to … Read more
New York City’s housing market is heating up again after a drop in mortgage rates, marking its best start to the fall since 2021. September saw a significant increase in activity, with 1,676 homes under contract – a sharp increase of 26.4% compared to the same time last year, according to a report from listing … Read more
As the 2024 presidential election approaches, first-time homebuyers are hitting the brakes, waiting to see how the political winds blow before jumping on the market. A new survey from Redfin finds that nearly a quarter of potential buyers — 23% — are delaying their purchase until after the election, hoping the outcome will bring policies … Read more
It really is green in the Garden State. Now, in New Jersey, a record six of its ZIP codes rank among the most expensive in America, according to PropertyShark. The real estate data firm conducted a study of the US real estate market to determine the 100 most expensive zip codes in 2024. To provide … Read more