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Help exists for cash-strapped homebuyers — but many don’t know it

Affordability, Appraisal Institute, Covid-19, Down Payment Assistance, First-Time Homebuyers, Home Prices, Homebuying, Housing Market, HWmember, Inflation, Mortgage Rates, National Association of Realtors /

As home prices and mortgage rates continue to stretch budgets, many would-be homebuyers are wondering if they’ll ever be able to make the jump. Industry professionals say that creative financing tools and professional guidance can make homeownership more attainable, but a lack of awareness continues to stand in the way. Three voices from different corners […]

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Zillow: US housing shortage hit 4.7 million in 2023

Affordability, Construction, Covid-19, Data & Visuals, Housing Inventory, Housing Market, HWmember, U.S. Census Bureau, Zillow /

The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data. Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing millions of people to share homes with non-relatives.

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These suburbs saw the largest increases in renters during the pandemic

California, Covid-19, Data & Visuals, Florida, Housing Market, HWmember, Renters, Texas /

The wave of migration set off by the COVID-19 pandemic pushed home prices through the roof in towns that had previously been relatively sleepy. While data shows that some narratives at the time proved to be a bit overstated, there’s no question that it reshaped housing markets across the country. A recent study from Point2Homes

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Where does the housing market stand 5 years after the ‘flight to the suburbs’?

Altos, Covid-19, Data & Visuals, Housing Market, Housing Market Data, HWmember, New York City, San Francisco /

The onset of COVID-19 pandemic in March 2020 set off a wave of domestic migration that reoriented housing markets across the country, turning some metro areas into boomtowns and sinking a number of others. The prevailing narrative around this phenomenon took on a life of its own — a mass exodus from urban cities in

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Sun Belt holds long-term housing edge even as pandemic boomtowns struggle

Covid-19, Data & Analytics, Data & Visuals, Florida, Florida Housing Market, Home Prices, Housing Inventory, Housing Market, HWmember, John Burns Real Estate Consulting, Texas /

The U.S. housing market is telling two very different stories as pandemic-era boomtowns are cooling rapidly while the Sun Belt’s long-term growth outlook remains strong, according to John Burns Research & Consulting. A surge in available homes is reshaping the market in regions that saw the fastest growth during the COVID-19 pandemic. Nationally, the number

Sun Belt holds long-term housing edge even as pandemic boomtowns struggle Read More »