Month: December 2022

Home buyers see first signs of affordability relief in months

Affordability remains the biggest challenge facing home buyers today, but this small step forward is a welcome sight The cost of a new mortgage dropped 4.8% in November as mortgage rates dipped. Housing market activity is as chilled as it has been since the start of the pandemic. Rents fell by the...

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us home equity gains rose annually in q3 but fell sharply from q2

Homeowners posted average annual equity gains of $34,300 in the third quarter of 2022, which was about half the year-over-year increase recorded in the second quarter. Florida led the U.S. for annual home equity increases at $76,700, with Miami in the No. 1 spot among major metro areas at $101,000...

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Zillow’s Hot Housing Takes for 2023

The Midwest will move to the forefront as affordability remains housing's biggest issue Midwestern markets will heat up, and more friends and family members will pool their money to buy homes together in 2023, as people look for new ways to overcome the housing affordability crisis. However, that...

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