Industry News
Homeowners Are Sitting on Their Biggest Share of Equity Since the 1950s
Homeowners in the U.S. are sitting on their highest share of home equity since the 1950s, following a period of rapid price increases. Equity, measured as a share of total real estate value for owner-occupied homes, hit 72.7% in the second quarter of 2024, the highest...
The Heartland Beats Strong: The 10 Healthiest Communities in America
Where you live might be just as important as how you live when it comes to longevity. Many people might equate wellness with coastal California breezes or Florida sunshine, but the healthiest counties in America actually dominate the Midwest, according to the U.S....
American Towns Are Rebelling Against Megamansions
In a nation obsessed with supersizing, American houses keep ballooning. Now, local officials are scrambling to curb mansion bloat. “How big is a house?” mused Jeremy Samuelson, planning director for East Hampton, N.Y., where a working group recently proposed slashing...
Think Your Rent Is Too High? Rents Have Actually Been Falling for Nearly a Year—See Where They Fell the Most
Think your rent is just too damn high? Here’s a shocking reality check: Rents have actually been falling annually every month for nearly a year. Rents in America have declined year over year for the past 11 months in a row, according to a new Realtor.com® report. The...
The Role of Credit Scores in Mortgage Approval
When applying for a mortgage, your credit score plays a critical role in determining your eligibility and the terms of your loan. A credit score is a numerical representation of your creditworthiness based on factors such as your payment history, outstanding debts,...
Home Sellers Forced To Get Flexible With Asking Price
Nationwide, 6.4% of home sellers cut their asking prices during May, the highest share since November 2022. By the numbers, the median asking price dropped roughly $3,000 to $416,623, the first such decline in six months. Additionally, for-sale supply is growing more...
Interest in This Insanely Simple Home Upgrade Has Skyrocketed – Plus, 5 More Red-Hot Renovation Trends
Summer is the season for dabbling in home improvement projects—and this year, that tradition is more popular than ever. According to Yelp’s 2024 Summer Home and Outdoor Trends report, searches for “home renovation” on the site climbed 184% from April 2023 to April...
The Rise of the ‘Rentvester’: Why Renting in One City and Buying in Another May Be the New American Dream
The American dream might be to own your own home, but that doesn’t mean you necessarily have to live in it. Increasingly, Americans are renting in one (often pricey) location and then buying an investment property in a more affordable place. Dubbed “rentvesting,” this...
Surf’s Up, Prices Down: America’s 10 Most Affordable Beach Towns for Homebuyers in 2024
It’s that time of year again—school’s out for the summer, and families across the country are packing up to hit the beaches. You’ve likely dreamed of turning your summer vacation spot into a regular weekend getaway or even a full-time residence. But buying a beach...
‘The Best of Both Worlds’: A Surprising Look at What the Spring Housing Market Has in Store for Buyers and Sellers
It’s not just the temperatures that are warming up right now. If you didn’t already know, spring is the start of the busiest homebuying period of the year. Houses ooze curb appeal with early flowers in full bloom. Buyers don’t mind trudging to open houses in nicer...