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Jan 31, 2024 | 
dsnews.com | Demetria Lester
According to a new TransUnion global study, the motivations behind consumers monitoring their credit differ, with an estimated 55% of Americans doing so with the goal of opening a new credit account. Research found that three in 10 U.S. consumers, or roughly 30%, monitor their credit to better manage their debt levels, while just 15% seek to improve their credit scores.
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Jan 31, 2024 | 
dsnews.com | Demetria Lester
There is a severe housing shortage as a result of record-high home prices and rents in addition to record-low for-sale inventories and vacancies, according to a new analysis from the Joint Center for Housing Studies. Research showed that the vast majority of specialists agree that the country's affordability issues stem from this shortfall. Their methods can be used to determine why these estimations differ from one another.
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Jan 30, 2024 | 
dsnews.com | Demetria Lester
Finances affect nearly every aspect of Americans' lives. With the market having been as volatile as it was, many are anticipating what's to come in 2024. The question remains, exactly: how do Americans feel about homeownership? According to a new survey from Home Bay, homeowners remain more satisfied than renters.
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Jan 26, 2024 | 
dsnews.com | Demetria Lester
Home / Market Trends / Affordability / Homebuyers Exploring Different Options to Achieve American Dream Print This Postin Affordability, Daily Dose, Featured, Market Studies, Market Trends, Migration, News, Real Estate4 Views A new survey by RE/MAX found that 80% of consumers planning to purchase a home in the next 12 months are adjusting their homebuying plans due to the current economic environment. The survey factored in responses from 1,000 U.S.-based individuals.
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Jan 26, 2024 | 
dsnews.com | Demetria Lester
Home / Daily Dose / HUD Grants $150M to Tribal Communities for New, Affordable Housing Print This Postin Daily Dose, Featured, FHA/VA/HUD, Government, Government, News3 Views The announced that it will make available $150 million in funding for affordable housing projects that benefit low-income families in American Indian and Alaska Native communities. “Strong investments in Tribal communities help ensure residents can access much-needed safe and affordable housing,” said Secretary Marcia L.
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Jan 25, 2024 | 
dsnews.com | Demetria Lester
Will there be any financial relief surrounding elevated home prices in 2024? According to a new report from Redfin, the median home sale price in the U.S. rose 5.1% during the four weeks ending January 21, representing the biggest increase since October 2022. Asking prices rose approximately 6.5%, also posting the biggest increase since October 2022. Prices are rising for a few reasons. One, inventory is still quite low. The total number of homes for sale is down 4% year-over-year.
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Jan 23, 2024 | 
dsnews.com | Demetria Lester
U.S. home prices climbed 0.4% month-over-month in December, according to the Redfin Home Price Index (RHPI), representing the smallest increase since June. The report also found that December represented the third straight month of slowing price growth, with prices rising approximately 6.6% year-over-year. Similar to the S&P CoreLogic Case-Shiller Home Price Indices, the RHPI is published more than a month earlier.
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Jan 19, 2024 | 
dsnews.com | Demetria Lester
With the number of Gen Zers nearing a whopping 70 million—about 21% of the U.S. population—a new study from Point2 revealed which cities have the best chance of achieving homeownership. Born between 1997 and 2012, some members of Gen Z are ready to purchase a home. But where? In which city? So, how does the youngest American cohort go about choosing where to settle down?
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Jan 18, 2024 | 
dsnews.com | Demetria Lester
Home / Market Trends / Affordability / Examining the Affordability Gap Between Renting and Owning Print This Postin Affordability, Daily Dose, Featured, Market Studies, Market Trends, Migration, News, Real Estate3 Views Renting vs. Buying: what can the average American worker afford? For anyone seeking a place to call home, whether renting or buying, it's important to take housing costs and outside finances into account. Which option is more suitable for the average U.S. worker's budget?
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Jan 17, 2024 | 
dsnews.com | Demetria Lester
Former Federal Housing Commissioner and MBA President, CEO, David H. Stevens, CMB. The Mortgage Bankers Association (MBA) has announced the unexpected passing of former President and CEO David H. Stevens, CMB. Stevens served as MBA’s President and CEO from 2011 until 2018, following a career in real estate and mortgage finance that started at World Savings and included leadership roles at Freddie Mac, Wells Fargo, and Long & Foster.
