Mortgage discrimination and appraisal bias are eroding Black homeownership gains, according to the National Association of Real Estate Brokers' State of Housing in Black America.
Realtor.com launched the latest chapter of its eight-month buyer agency campaign on Tuesday with a passionate open letter from CEO Damian Eales. In the letter, Eales urged local, state and federal legislators to use their upcoming terms to meaningfully address housing affordability — or risk the collapse of a major pillar of the American Dream.
Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.
The question we should be asking about Kamala Harris' down payment grant proposal, Dr. Lee Davenport writes, is, "Will anyone jump through hurdles to take part in the program?"
Moderating mortgage rates and lessening buyer competition have pushed the U.S. median down payment down 7.33 percent over the past year, according to Realtor.com.
Looking for a way to differentiate the service you provide to buyers? Luke Babich writes that a top-down knowledge of down payment assistance programs in your area can help you stand out from the crowd of other agents.
Nearly a fourth of first-time homebuyers are delaying their plans due to election anxiety, according to Redfin's latest market analysis published on Tuesday. The Seattle-based portal teamed with market research company Ipsos to survey 1,802 homeowners and renters on their sentiments about the real estate market. Of the 491 respondents who said they plan to purchase their first home within the next 12 months, 23 percent said they're pausing their plans until after Election Day.
The Department of Housing and Urban Development has partnered with Zillow for "Let's Make Home the Goal," a campaign aimed at connecting minority communities with HUD pre-housing counseling services.
Existing-home sales fell 4.2 percent year over year to a seasonally adjusted rate of 3.86 million in August as buyers awaited the Fed's decision to cut rates, according to National Association of Realtors data
Although home price growth is slowing, S&P CoreLogic's report also showed that first-time homebuyers are being impacted most by rising prices, since in the last five years, prices in the lower end of the market have risen more quickly than other tiers.
As real estate's new reality takes shape, buyer agents are exploring new ways to streamline processes and communicate effectively with clients, The Medford Team CEO Carl Medford writes.
Affordability and a plethora of amenities vaulted Gahanna, Ohio, to the top of Realtor.com's 2024 hottest ZIP codes list. ZIP codes in Missouri and Indiana made the list too as out-of-state homebuyers search for a good deal.