People Want A/C More Than They Want to Be Near Family and Friends
More than three-quarters (76%) of home buyers say air conditioning is “very” or “extremely” important, and two-thirds (66.4%) of renters agree. A far smaller share of each group says it’s similarly important to be near family or friends: 46.7% of buyers and 36.2% of renters.
Trade Battle Sinks Mortgage Rates
Rates fell sharply after the U.S. and China each took steps to escalate their months-long dispute.
Musicians Struggle to Afford Housing in ‘Music City’ Nashville
Nashville is known as Music City, but many homes on both the for-sale and rental market remain out of reach for musicians and singers. In the entire Nashville metro area, musicians could afford the monthly mortgage payment in about three-quarters of ZIP codes, thanks to low mortgage interest rates. But the typical musician could afford rent in just five of the Nashville metro area ZIP codes.
Mortgage Rates Due to Slide After Fed Guidance Catches Market Off Guard
Despite strong economic releases, unexpectedly weak home construction data and concerns about international trade relations tempered mortgage rate increases over the past seven days.
802,555 Homes at Risk of 10-Year Flood Inundation by 2050
In a third of all coastal states, new housing is being built faster in 10-year flood risk zones than in non-risk zones.
Homeownership Up Among People Under 35 (Q2 2019)
In a surprising turn, while their older peers have apparently been pulling back, the homeownership rate in the under-35 age bracket increased.
Why the Next Recession Is Likely to Happen in 2020, and What It Will Mean for Housing
The longest uninterrupted economic expansion in U.S. history will probably end with a recession in 2020, but housing likely won't be the cause.
Rates Hold Breath for Much-Anticipated Fed Meeting
The next FOMC meeting has loomed large for weeks now, and many view a 25-basis point cut to the federal funds rate as a foregone conclusion.
