The homeowner affordability crisis is about to explode due to 'TI'
Soaring property tax and homeowners' insurance costs have made homeownership less affordable than any time since the 1980s, Bernice Ross writes
by Bernice Ross Mar 14
First-time buyer savings platform Foyer raises $6.2M
Contributing investors included Alpaca VC, Hometeam, Animo Ventures and ResilienceVC. Funds will help Foyer invest in consumer confidence, savings and education, said founder Landy Liu
by Lillian Dickerson Jan 28
The expanding role of micro-units in property renting
Despite challenges, municipalities are increasingly open to micro-unit developments as they seek innovative solutions to the affordability crisis, multifamily expert Michael Zaransky writes
by Michael Zaransky Jan 28
Historic wildfires will undeniably exacerbate LA's housing shortage
Rents are expected to 'surge,' said CoreLogic's chief economist. How much of a housing shortage the county faces is unknown as families decide in coming months whether they will even stay in LA
by Lillian Dickerson Jan 10
Housing costs force Americans earning less than $50K to sacrifice
Nearly three-quarters of US residents earning less than $50K annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat
by Richelle Hammiel Nov 18
Share of renters paying under $1,000 hits record low, Redfin says
Only 32.1% of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2% in 2022 and 50.4% in 2012, according to an analysis from Redfin released Wednesday
by Richelle Hammiel Oct 31
How agents can bridge the 'haves and have nots' housing market
Zillow Senior Economist Orphe Divounguy says it will be up to agents to bring sellers with unrealistic expectations about what the market will bear back down to Earth
by Matt Carter Jul 31
Summer slump sees buyers back out of deals at record rates
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56K home-purchase agreements in June, according to Redfin
by Marian McPherson Jul 23
Co-ownership trends offer an affordability solution: Pacaso
The 2nd-home solution studied 10 of the most active counties for co-ownership and found the trend grew by 21% in 2023, correlating with a rise in the Housing Price Index in those counties
by Craig C. Rowe Feb 14
How to work with financial advisers to help clients navigate the market
Real estate pros and financial advisers can help clients make informed decisions, writes Michael Conticelli, whether buying a home or building a real estate portfolio
by Michael Conticelli Jan 29
Inventory boost expected to slow rent growth to 1.5%
A coming boost in apartment inventory is expected to dramatically slow rent growth in 2024; however, it's expected to still be a tough year for renters as affordability worsens
by Marian McPherson Jan 2
Builder sentiment improves on heels of falling mortgage rates
Builder confidence in the market for single-family homes rose 3 points to a score of 37 during December, the first monthly improvement since August
by Ben Verde Dec 18
FHA 2024 loan limits are headed up, chasing rising home prices
Annual home price appreciation of 5.5% pushes FHA loan limits up to a minimum of $498,257 in affordable markets and to a ceiling of up to $1.72M in high-cost states like Alaska and Hawaii
by Matt Carter Nov 29
US needs 4.3M homes to close the affordability gap: Zillow
During 2021, there were 8M 'missing households' across the country — families without homes of their own — compared to just 3.7M housing units available for rent or sale, according to Zillow
by Ben Verde Jun 22