Housing Market News
Affordability
Virginia Beach, Memphis and Indianapolis are the Most Affordable Housing Markets for Veterans
Redfin finds that across 45 major metros, 9% of homes for sale are affordable for veterans, down from 27% in 2012.
Here’s the #1 Reason It’s so Hard to Find an Affordable Home
Under building of new homes and high construction cost perpetuate the affordable housing shortage.
Priced Out: The Housing Affordability Gap in America’s Largest Metros
African-American and Hispanic families are losing ground in owning homes faster than other racial groups.
Mapping FHA Loans Shows Where Cities Need More Housing
In the hottest job markets, federal loan programs aren’t helping people land homes in the areas that are closest to the best jobs. Federal Housing
Despite Declining Affordability, Homeownership Remains Within Reach for Teachers in Many Parts of the Country
Affordable housing for U.S. teachers has declined in 32 major metros from 2012 to 2016. But homeownership is still possible in some locations.
Hope is on the Horizon for Millennial Homebuyers as the Market Eases
Millennial homebuyers have good reason to be optimistic about homeownership, according to Redfin agents
Homebuyers Must Earn Nearly $80,000 to Afford the Typical U.S. Starter Home, Just Shy of the All-Time High
Homebuyers need to earn roughly $80,000 to afford the median-priced starter home, up 4.4% from last summer and only about $500 below the all-time high.
The Typical Homebuyer’s Down Payment is a Record $67,500, Up 15% From a Year Ago
The typical homebuyer put down 18.6% of the purchase price, up from 15% a year ago. Nearly 3 in 5 homebuyers put down more than
6 of Every 7 People With Mortgages Have an Interest Rate Below 6%, But the Lock-In Effect Is Starting to Ease
The mortgage rate lock-in effect is prompting many homeowners to stay put, contributing to America’s housing shortage. But the lock-in effect is slowly easing because
Starter Homes Emerge as Bright Spot as Mortgage Rates Settle Near 15-Month Low
Pending starter home sales grew 10% in July year over year, while other price brackets fell. The median price for a U.S. starter home climbed
Condo HOA Fees Surge in Florida Amid Insurance Crisis
HOA dues are up more than 15% from a year ago in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across
U.S. Home Prices Tick Up 0.2% for the Second Month in a Row
Home prices grew 0.2% in July, equal to the slowest pace since January 2023. Twenty of the 50 most populous U.S. metros recorded a drop
