7% of American workers are canceling plans to make a major purchase, such as buying a home or car, due to their feelings about job security, according to a Redfin survey. Close to one-third (30%) are delaying these major purchase plans. 16% say they have already made a major purchase sooner than expected due to […]
Chris Martin, a senior economist on Glassdoor’s economic research team, also provided data and analysis for this report. From higher starting salaries to affordable starter homes, some cities give young people a serious leg up. From Omaha to Anchorage to Hilton Head Island, here are the standout big, medium, and small cities for recent college
From Nebraska to Alaska: Redfin and Glassdoor Rank the Top U.S. Cities For New Grads Read More »
February home sellers who cut their price lowered it by $41,000, on average, or 7.3%. Home sellers in Texas and Florida were most likely to make price cuts, while sellers in the Bay Area were least likely. More than one-third (34.2%) of February home sellers lowered their list price. That’s up from 31.5% a year
A Record 34% of February Home Sellers Cut Their List Price Read More »
Easter weekend also sidelined many would-be buyers. The Iran war ceasefire announced Tuesday could ease mortgage rates. U.S. pending home sales fell 2.4% year over year during the four weeks ending April 5, the biggest decline in three months. Sales fell most in Providence, RI (-15.5%), Houston (-15.4%) and New York (-15.3%). They increased most
Pending Home Sales Post Biggest Decline in 3 Months as High Rates, Iran War Chill Market Read More »
Empty-nest baby boomers own many more 3-bedroom-plus U.S. homes than younger families raising children, underscoring a mismatch between who has space and who needs it. Millennials with kids are facing both affordability and inventory challenges–but at the same time, baby boomers have little financial incentive to move–and there’s limited inventory of reasonably priced, small, one-story
The Iran war is a major factor pushing up mortgage rates. Some would-be buyers are backing off amid high costs and uncertainty stemming from the war. The median U.S. monthly mortgage payment is $2,742, up 0.4% year over year. While that’s a small increase, it’s the first in nearly six months. Housing payments are climbing
Monthly Payments Tick Up For First Time in 6 Months As Mortgage Rates, Home Prices Jump Read More »
