Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs Home prices in neighborhoods where Black…
Historically low rates are motivating homebuyers even though prices were up 8.2% year over year in July, effectively cancelling out the increase in purchasing power.
The post Homebuyers on a $2,500 Monthly Budget Can Afford $33,000…
We delved into July housing market data to analyze whether homebuyer interest in additional space has translated to a hotter housing market for bigger homes. The answer? Yes—but only slightly.
The post The Typical Home Pending…
There’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Still, prices are up 6.7% in urban areas.
The post Homebuyer Interest in Rural Areas Rises, With Prices Up…
Homebuyer interest in condos dropped with the coronavirus pandemic along with prices, but buyers seeking affordable living are starting to return.
The post Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up…
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.
The post Milwaukee, San Francisco and Detroit…
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,…
More than two-thirds of the 53 biggest U.S. housing markets saw the share of homes affordable to the middle class decrease between 2014 and 2019
The post Middle-Class Affordability is Declining for Homebuyers in 70% of America’s…
The typical renter household could afford half of the homes in only five of the nation’s largest markets in 2019
The post The Most and Least Affordable Housing Markets for a Renter to Become a Homeowner appeared…
A dramatic drop in mortgage interest rates, driven by coronavirus fears, has given homebuyers a big boost in purchasing power in recent weeks.
The post Mortgage Rates Driven to Historic Lows by the Coronavirus Amp Up Homebuyer…