Mortgage Rates Edge Higher, Pressuring Homebuyer Affordability
Article Summary: Mortgage rates are creeping closer to 7%, with the 30-year fixed-rate mortgage averaging 6.89% as of May 29, up slightly from 6.86% the previous week. The...
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New Apartments Are Sitting Vacant, Giving Renters More Power
Article Summary: A surge in new apartment construction has led to an unusually high number of vacant units, giving renters more leverage in negotiations. 49% of newly built...
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NAR Study Finds Housing Affordability Gap Persists
Article Summary A new study from the National Association of Realtors (NAR) highlights ongoing challenges in housing affordability across the U.S. Households earning $75,000...
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Mortgage Rates Edge Higher Amid Market Adjustments
Article Summary Mortgage rates increased slightly in the latest Primary Mortgage Market Survey from Freddie Mac. The 30-year fixed-rate mortgage averaged 6.81% as of May 15,...
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Builder Confidence Declines Amid Economic Uncertainty
Article Summary Builder confidence in the market for newly built single-family homes fell to 34 in May, down six points from April. This marks the lowest reading since...
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Zillow Reports New Listings Outpacing Home Sales Nationwide
Article Summary Zillow’s latest data reveals that new home listings increased by 9.8% from March to April 2025, and 7.6% year-over-year, surpassing sales growth nationwide....
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MLSs Still Used by Most, but Younger Sellers Are Dropping Off
Article Summary A recent report highlights a generational shift in how homes are marketed, with younger sellers increasingly moving away from using Multiple Listing Services...
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The Typical Homeowner Saw Their Property Tax Bill Rise 2.7% Last Year
Article Summary In 2024, property tax bills for U.S. homeowners increased by an average of 2.7%, reaching $4,172 per household. This rise was smaller than the 4.1% increase...
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Many First-Time Homebuyers Are Pushing 40 as Millennials Wait in Vain for a Better Market
Article Summary The median age of first-time homebuyers in the U.S. has risen to 38, a significant increase from 35 in 2023 and 29 in the 1980s. Millennials are delaying...
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Home Sales Stay Surprisingly Positive Even with Higher Rates
Article Summary Despite elevated mortgage rates fluctuating between 6.64% and 7.25%, home sales have shown unexpected resilience in 2025. Weekly housing demand data revealed...
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