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April 12, 2024
Rising home prices and mortgage rates are making it harder to believe in the American dream of homeownership. Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home. Nearly two in five (38%) U.S. renters don’t believe they’ll ever own a home, up from roughly one-quarter (27%) less […]
April 11, 2024
Daily average mortgage rates reached their highest level in nearly five months following Wednesday’s hotter-than-expected inflation report, which will likely keep mortgage rates elevated for the foreseeable future. The median monthly U.S. housing payment hit an all-time high of $2,747 during the four weeks ending April 7, up 11% from a year earlier. Housing payments […]
April 10, 2024
The share of San Francisco sellers losing money on their home sale is sitting near its highest level in more than a decade, largely because prices have come back down to earth after skyrocketing during the pandemic. Nationwide, the share of sellers losing money is much smaller (4%) because home prices remain near their record […]
April 10, 2024
The median U.S. asking rent rose 1% from a year earlier. By comparison, rents jumped 5% in the Midwest—in part because the region hasn’t seen as big of a construction boom as other parts of the country. The median U.S. asking rent rose 0.8% year over year to $1,987 in March, marking the third consecutive […]
April 5, 2024
Half of homeowners and renters struggle to afford their housing payments, a recent Redfin survey found. Roughly 1 in 5 people who struggle to afford housing have skipped meals and/or worked extra hours to help cover costs, while about 1 in 6 have delayed medical care. Skipping vacations was the most common sacrifice among white […]
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