With the cost of borrowing at historic lows, buying a home makes more sense than renting for many first-time buyers. As such, more than half of all first-time buyers purchased a home because they were tired of renting. For repeat buyers, 25% said their primary reason for buying was a desire for a larger home,…

With the cost of borrowing at historic lows, buying a home makes more sense than renting for many first-time buyers. As such, more than half of all first-time buyers purchased a home because they were tired of renting. For repeat buyers, 25% said their primary reason for buying was a desire for a larger home,…

“While Baby Boomers tend to be satisfied with their current housing situation, younger generations are still struggling to determine whether to rent or purchase a home, largely due to lack of supply and affordability constraints.” David Brickman, CEO of Freddie Mac TOP STORY: Changes to Credit Scoring Lenders tend to be fussy about their money….

American had an affordable housing crisis…. Before the pandemic, of America’s nearly 43 million renters, about 20.8 million—almost half—were “cost-burdened,” meaning more than 30% of their income went to housing costs, according to the Joint Center for Housing Studies of Harvard University. TOP STORY: The Affordability Factor Housing forecasts are a popular subject for economists…

The inventory shortage that plagued the market prior to the pandemic and subsequent pent up demand, especially given historically low interest rates, is expected to fuel the recovery. Lawrence Yun, Chief Economist, NAR TOP STORY: With a Little Help The old adages: “Heaven helps those who help themselves,” “Stand on your own two feet,” and…

The inventory shortage that plagued the market prior to the pandemic and subsequent pent up demand, especially given historically low interest rates, is expected to fuel the recovery. Lawrence Yun, Chief Economist, NAR TOP STORY: With a Little Help The old adages: “Heaven helps those who help themselves,” “Stand on your own two feet,” and…

”Home sales will decline this spring season because of unique economic and social consequences resulting from the coronavirus outbreak, but much of the activity looks to reappear later in the year.” NAR. Chief Economist Lawrence Yun TOP STORY: Many Shades of Difference No doubt in a search for reassurance that this too will end, a…

As large swathes of the U.S. economy shut down to battle the COVID-19 pandemic, the housing market faces its greatest challenge in over a decade. Freddie Mac Research TOP STORY: Home Maintenance Homeownership is an expensive proposition. Unfortunately, many homebuyers, especially first-timers, think once they have saved the downpayment and qualified for a mortgage they…