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Housing Affordability

Home Sales Sink Across Florida Amid Hurricane Recovery, Surging HOA and Insurance Costs

The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season. Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest.  In Fort Lauderdale, pending sales dropped 15.2% year over year during […]

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U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent Growth

Home prices grew 0.5% month over month in October, rising at the same pace as September. It was the 12th consecutive month with price growth between 0.2% and 0.7%. On a year-over-year basis, home prices rose 5.9%, the smallest annual increase since December. Eight of the 50 most populous U.S. metros recorded a drop in

U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent Growth Read More »

Most People Earning Under $50,000 Struggle to Afford Housing. Nearly One-Quarter of Them Have Skipped Meals to Make Their Payments.

Most U.S. residents who earn less than $50,000 struggle to afford their mortgage or rent payments, according to a recent Redfin-commissioned survey.  Of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments, while 15% have worked a side hustle.  Broken down by generation, nearly one-quarter of Gen Zers

Most People Earning Under $50,000 Struggle to Afford Housing. Nearly One-Quarter of Them Have Skipped Meals to Make Their Payments. Read More »

Way-Too-Early Take: What Trump’s Re-Election Could Mean for Housing

Donald Trump’s re-election seems to have had immediate consequences for housing in America. Demand from home-buyers requesting service through Redfin’s site, which was already stronger since the Federal Reserve’s September 18 rate cut, was about 25% higher this weekend than the same weekend last year, the largest year-on-year gain since the downturn began in 2022.

Way-Too-Early Take: What Trump’s Re-Election Could Mean for Housing Read More »

Rents Flat Nationally in October, But Rising in East Coast and Midwest Metros

The median asking rent rose 0.2% year over year in October to $1,619, but was down 0.6% month over month. Rents dropped slightly across all bedroom counts for the third time in four months. The asking price per square foot for rental apartments fell 1.1% year over year, the 18th consecutive month with a decline.

Rents Flat Nationally in October, But Rising in East Coast and Midwest Metros Read More »

Expect Mortgage Rates to Remain Elevated and Volatile as as Markets Digest Election Results

Rates are inching down slightly after shooting up before the election—volatility that’s to be expected as investors try to figure out the impact of a Trump presidency. Rates will likely remain elevated if President Trump moves forward with the higher tariffs and tax cuts he has discussed. Mortgage rates shot up in the weeks leading

Expect Mortgage Rates to Remain Elevated and Volatile as as Markets Digest Election Results Read More »

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