US Real Estate

Many older people refuse to sell because they cannot afford a similar property in their neighborhood. That makes the market tight for young buyers.

Sellers are now willing to accept lower down payments in a bid to offload their homes.

More builders have begun cutting home prices in a bid to bring hesitant buyers into the market.

Over the past four years, the U.S. housing industry faced challenges, such as high mortgage rates, limiting new home construction and sales.

With the 30-year fixed mortgage rate near 7 percent, buyers are seeing more options while sellers cut prices on properties, Redfin says.

The homeowners insurance affordability index is estimated to reach a record high of 2.4 percent in 2024, according to a recent report.

Delaware had the highest foreclosure filing rate among all states, followed by Florida and Illinois.

‘It catches many homeowners off guard,’ home finance expert Linda Bell said.

Many homeowners avoid selling because of high capital gains taxes, prompting real estate professionals to call for changes.

Falling rents and high costs of buying homes are pushing many people to stick with renting.

Housing affordability remains a major concern, with developers now focusing on building smaller homes.

In North Carolina, Iowa, and Texas, the number of such properties jumped by more than 50 percent on an annual basis.

Gen Z is the most likely to buy older homes needing renovation and struggles the most with the financial burdens of maintaining them.

The unusually shaped A+M House is on the market to rent for $24,500 per month.

Nearly half of new units remain unrented, allowing tenants to negotiate lower rents and lease perks, Redfin reports.

Median monthly housing payments recently hit a record high of $2,882, dampening interest among many prospective homebuyers.

The West leads the nation in micro-housing share.

‘Redfin agents report that some buyers are getting cold feet due to widespread economic and political uncertainty,’ the brokerage says.

The West experienced the largest decline, at nearly 4 percent.

The good news for homebuyers is that prices have dropped.

Many older people refuse to sell because they cannot afford a similar property in their neighborhood. That makes the market tight for young buyers.

Sellers are now willing to accept lower down payments in a bid to offload their homes.

More builders have begun cutting home prices in a bid to bring hesitant buyers into the market.

Over the past four years, the U.S. housing industry faced challenges, such as high mortgage rates, limiting new home construction and sales.

With the 30-year fixed mortgage rate near 7 percent, buyers are seeing more options while sellers cut prices on properties, Redfin says.

The homeowners insurance affordability index is estimated to reach a record high of 2.4 percent in 2024, according to a recent report.

Delaware had the highest foreclosure filing rate among all states, followed by Florida and Illinois.

‘It catches many homeowners off guard,’ home finance expert Linda Bell said.

Many homeowners avoid selling because of high capital gains taxes, prompting real estate professionals to call for changes.

Falling rents and high costs of buying homes are pushing many people to stick with renting.

Housing affordability remains a major concern, with developers now focusing on building smaller homes.

In North Carolina, Iowa, and Texas, the number of such properties jumped by more than 50 percent on an annual basis.

Gen Z is the most likely to buy older homes needing renovation and struggles the most with the financial burdens of maintaining them.

The unusually shaped A+M House is on the market to rent for $24,500 per month.

Nearly half of new units remain unrented, allowing tenants to negotiate lower rents and lease perks, Redfin reports.

Median monthly housing payments recently hit a record high of $2,882, dampening interest among many prospective homebuyers.

The West leads the nation in micro-housing share.

‘Redfin agents report that some buyers are getting cold feet due to widespread economic and political uncertainty,’ the brokerage says.

The West experienced the largest decline, at nearly 4 percent.

The good news for homebuyers is that prices have dropped.