Tag: home affordability
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Boomtowns Become “Buyer’s Markets”—but Don’t Let the Phrase Fool You
The U.S. housing market is now “firmly in favor of buyers,” Redfin says, citing the large number of sellers agreeing to offer concessions to buyers this year. Redfin, the real estate brokerage owned by Rocket Companies, defines a buyer’s market as a city or town where sellers outnumber buyers by at least 10%. Redfin points…
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How Long Will This Economic Slump Last? Zillow Asks, and Rewrites Its 2026 Housing Forecast
Zillow® has changed its mind. Just a few months ago, the company was expecting a 4.3% rise in sales of currently existing homes through this year. But storm clouds have gathered. Suddenly, the price of fuel is sky-high. The inflation that appeared to be manageable now looks different. And Zillow’s worried that all this could…
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Real Estate “Reset” in 2026? Redfin Thinks So; Here’s the Logic
In an article published this month, titled “Welcome to The Great Housing Reset,” Chen Zhao and Daryl Fairweather of Redfin write, “Next year will mark the beginning of a long, slow recovery for the housing market. The Great Housing Reset will take shape in 2026.” Significantly, Redfin predicts that incomes will rise faster than home…
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One in Three Home Buyers Now Pay Cash. Here’s What This Means for Everybody Else.
A third of home buyers this year haven’t needed a mortgage. The proportion of people paying cash is “well above pre-pandemic levels,” according to the National Association of Realtors®. It’s hard to compete with buyers who don’t need to wait for a lender’s approval. These wealthier buyers are shaping markets by snapping up the lion’s…
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With a Million Homes Now on the U.S. Market, Why Aren’t Prices Falling?
This year, for the first time since 2019, a million homes are on the market. Listings are up more than 7% from last year, According to Realtor.com. Inventory is rising nationwide, with the southern and western parts of the country actually back to 2017-2019 levels! And homes are starting to linger on the market for…
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Home Affordability News: Boston’s New Co-Buying Experiment
Usually, when we hear the word multifamily, we’re hearing a financial buzzword. Investors buy multiple-unit homes to profit from renters. But now in Boston, a multifamily housing concept lets hopeful first-time home buyers put their funds together, move on from rental situations, and get their own deeds.
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No Housing Market Crash on the Radar: NAR’s 2025 Prediction
The National Association of REALTORS® (NAR) expects a “rosier” housing market this year. If acquiring the deed to a home is on your list of new year’s resolutions, take note. NAR predicts a market rebound after our recent, two-year stall. No housing crash. Prices should keep going up — but gently, as U.S. real estate…
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We All Deserve a Home, But Corporations Outbid Some of Our Friends.
Corporate buyers are snapping up residential properties in Massachusetts and pushing out long-time residents, according to a report by the news outlet 25 Investigates. These investment companies form a complex network, making it nearly impossible for individuals and towns to hold them accountable.
