“Now steadily rising mortgage rates, a further drag on affordability, appear to be weighing on demand,” one economist said.
The post New-Home Sales Slump in January as Weather, Rising Interest Rates and COVID-19 Impact Demand appeared first on Real Estate News & Insights | realtor.com®.
While people with federal student loans have been allowed to pause payments during the pandemic, most borrowers haven’t gotten any closer to paying their debt.
The post Student Debt Is Keeping Many Americans From Becoming Homeowners—and COVID Didn’t Help appeared first on Real Estate News & Insights | realtor.com®.
One year into the COVID-19 pandemic, inventory has hit record lows, prices have skyrocketed, and homes that come to market are selling quickly.
The post How the U.S. Housing Market Was Rocked by COVID-19—and Where We Go From Here appeared first on Real Estate News & Insights | realtor.com®.
In the second quarter of 2019, the Black homeownership rate dropped to 40.6%, down 7 percentage points from a decade earlier. It now hovers closer to 44%.
The post Black Homeownership Rate Hits Lowest Level Since the 1960s—That’s Unlikely To Change in Pandemic Year 2 appeared first on Real Estate News & Insights | realtor.com®.