Many renters who were planning a purchase in the next few years, have opted to go ahead and buy now given historically low rates.
Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers Read More »
Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is even wider in Milwaukee, San Francisco, Detroit and Chicago.
Even in Washington, DC, which has the highest Black homeownership rate in the U.S., just 51% of Black families own their home, versus more than 70% of white families. In Minneapolis, Milwaukee and Salt Lake City, just one-quarter of Black families own their homes.
The typical renter household could afford half of the homes in only five of the nation’s largest markets in 2019
The Most and Least Affordable Housing Markets for a Renter to Become a Homeowner Read More »
A dramatic drop in mortgage interest rates, driven by coronavirus fears, has given homebuyers a big boost in purchasing power in recent weeks.
Spokane, Las Vegas, Charlotte, and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are
Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries Read More »