Baby boomers and millennials are playing a housing crisis blame game
Millennials and baby boomers are pointing fingers at each other over housing affordability issues, according to Clever Real Estate.
Affordability
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Closing costs for the typical home purchase now top $4,600
Closing costs ranged widely across the country, from as low as 0.46% of a home’s sale price in South Dakota to as high as 2.99% in Delaware.
The typical homeowner saw their property tax bill rise 2.7% last year
Attom said the average tax bill rose to $4,172, up 2.7% from 2023. That increase was smaller than the 4.1% hike seen the year before.
Primary suites, kitchens, roofing lead remodel impact report
Americans spent roughly $603 billion on home remodeling projects in 2024. The report ranked projects based on a post-completion “Joy Score.”
From tenant to trailblazer: Oralia Herrera takes helm at NAHREP
Oralia Herrera’s journey from an 8-year-old immigrant and tenant in a Chicago apartment to newly appointed president of the National Association of Hispanic Real Estate Professionals (NAHREP) is one she wouldn’t change a thing about. Sworn in on March 26 during NAHREP’s annual Homeownership and Housing Policy conference in Washington, D.C., Herrera now leads an […]
Florida’s housing affordability crisis is reaching a breaking point
Cotality’s study reveals a state at a crossroads. Early signs mirror California’s housing collapse that triggered a mass exodus of residents.
Homebuyers made record down payments in 2024
For all of 2024, buyers put down an average of $29,900, or 14.4% of the purchase price, marking the highest figures since tracking began.
Investor home purchases are sinking, and it’s most evident in Florida
Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin.
Will mortgage rates allow for ‘peak’ homebuying season?
It’s quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. Our weekly pending home sales data continues to run about 3% below last year.
Gen Z seeking inventive homeownership paths
Gen Z is carving a variety of paths to homeownership, seeking to overcome continued uncertainty with affordability and inventory.