The rent burden rises across America. Nearly half of all U.S. renter households are burdened by rent costs, with Gen Z renters shouldering the heaviest load, a new analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) by Zillow and its New York City brand StreetEasy shows. Across the country, three in five…
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An updated monthly report by U.S. provider of nationwide property data ATTOM reveals that commercial foreclosures remain elevated. Starting in June 2023, foreclosure numbers saw a sharp increase, peaking at 752 in May 2024, before settling at 695 in ATTOM’s most recent data for September 2024. This recent surge suggests renewed financial stress or changes…
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About 63% of U.S. homeowners have gone into debt to fund a renovation, according to new research from Clever Real Estate, a St. Louis-based real estate company. With 94% of homeowners having completed a major renovation in the past five years, about 3 in 4 (78%) went over budget on their last project. Nearly half…
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Despite rising home prices and mortgage rates, aspiring real estate investors can still find hidden gems in affordable metros across the U.S., Realtor.com says. The real estate listing website unveiled a list of the top U.S. markets for property investment, showcasing opportunities for savvy investors in less obvious but highly promising markets, with the spotlight…
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The National Association of Realtors released a report on Thursday (Sept. 19) showing that existing-home sales dipped in August. Three out of four major U.S. regions posted sales declines while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast. Total existing-home sales – completed transactions that include…
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Nearly half of prospective U.S. home buyers struggle with basic home costs and say home insurance affordability is a major factor in where they decide to move, according to the results of a survey of 1,818 US adults across the country. The survey was conducted by Mphasis Digital Risk, a leading provider of origination, diligence,…
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Mortgage rate optimism spikes as the Federal Reserve is expected to lower interest rates at its meeting on September 17–18 but homebuying pessimism persists, Fannie Mae’s Home Purchase Sentiment Index (HPSI) reveals. The Index increased 0.6 points in August to 72.1, as U.S. consumers reported significantly greater optimism about the future direction of mortgage rates…
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Home mortgage lending rebounded in the United States during the second quarter of 2024, ATTOM data showed. Residential loans surged 23.2 percent quarterly while purchase, refinance and home-equity lending all increased. The real estate data company’ second-quarter 2024 U.S. Residential Property Mortgage Origination Report showed that 1.62 million mortgages secured by residential property (1 to…
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An analysis by AccountTECH, a web based Real Estate accounting platform, found that 62% of the U.S. brokerages were profitable in the first six months of 2024 – a modest increase from 60% for the full year 2023. The study analyzed EBITDA margins for brokerages from January to June 2024, focusing on 100 randomly selected…
Read MoreMortgage relief is finally on the way, according to the Realtor.com 2024 Forecast Update. The average contract rate on a 30-year fixed-rate mortgage (the most popular U.S. home loan) dropped 27 basis points in the week ended Aug. 2, to 6.55%. That was the lowest rate since May 2023, and the sharpest drop in two…
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