Affordability trumps wildfire risk for homeowners on West Coast
According to Redfin's latest study, homebuyers are choosing affordable areas with higher wildfire risk as demand and home prices heat up in low-risk areas
by Marian McPherson Oct 19
September was a record-breaking month for prices, sales and speed
Rising home prices, increasing sales and fewer days on market characterized a historic September in the United States, according to a report issued Monday by Redfin
by Lillian Dickerson Oct 19
These 10 cities are tailor-made for first-time homebuyers
By looking at factors such as payment-to-income ratios, a new report from SmartAsset finds that smaller cities within driving distance of a major urban center fare the best overall
32M missed mortgage, rent or student loan payments in September
The number of renters and homeowners able to make payments during the third quarter of 2020 improved slightly from the second quarter, but remained relatively high overall, according to the Mortgage Bankers Association's Research Institute for Housing America
by Lillian Dickerson Oct 16
Soaring home values reminiscent of recovery from recession: Zillow
Typical home value rose to $260K in September, a remarkable growth rate that includes the largest month-over-month increase in 15 years and the largest quarterly growth in 7 years
by Patrick Kearns Oct 16
Metros with lower rent have been most resilient amid pandemic
Metros with lower rental prices, including the Inland Empire and Sacramento in California, have been the most resilient, according to a new report by Yardi Matrix
by Lillian Dickerson Oct 15
Will low inventory plus high demand snowball this winter?
Today, the market remains red hot as summer, but unfortunately, the industry might be celebrating too soon. Here's why this winter might bring a very different and cold reality
by Chris Drayer Oct 15
Foreclosure activity hits historic lows as filings drop 81%
Foreclosure filings dropped to a new low in the third quarter of 2020 to a number not seen since the first quarter of 2008
by Lillian Dickerson Oct 14
Zillow, Yelp identify top 10 most affordable suburbs with a 'city feel'
Data powerhouses create 'Cityness Index' to identify suburbs that best strike a balance between affordability and urban amenities. No. 3 is surprising, to say the least
by Andrea V. Brambila Oct 14
28% of people who moved this year did so to avoid catching COVID-19
According to MyMove, another 20% moved to be with family, while 18 percent cited financial reasons, including job loss
by Lillian Dickerson Oct 14
As the pandemic drags on, mortgage delinquency rates rise
The 120-day delinquency rate for July was 1.4 percent — the highest rate in more than 21 years and double the Great Recession peak
Millennials with kids show big appetite for suburban living
A new National Association of Realtors survey finds younger people want more outdoor space and bigger homes with more rooms — even as walkability remains important
by Andrea V. Brambila Oct 13
Beyond the headlines: Are mortgage rates hurting affordability?
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner discusses the potential consequences of low mortgage rates and persistently low levels of inventory
by Matthew Gardner Oct 13
It's a small world after all: Average apartment shrank 9.7% since 2010
Centrally located, small and more affordable living spaces dominated the past decade, according to new data released by RCLCO Real Estate Advisors
by Lillian Dickerson Oct 12
Median home prices see greatest annual growth since 2017
The US median home price stayed near its summer peak of $350,000 and hit record-high, year-over-year growth of 12.9%, according to realtor.com's weekly housing report
Nearly 300K homes at risk with Hurricane Delta surge looming
Hurricane Delta is poised to cause property damage to 293,685 single-family and multifamily homes across the Gulf Coast while amassing $62.85B in reconstruction costs