National Association of REALTORS® Archives

March 27, 2024April 25, 2024

Time for a Move? Sellers Are Perking Up.

Home sellers are back. It’s an important sign of confidence in the U.S. housing market.

Fannie Mae keeps tabs on people’s feelings (“sentiment”) about the market. And people are feeling better about it — if they happen to be potential sellers. Two-thirds of the people surveyed told Fannie Mae this is a good time to sell.

Then there are the would-be buyers. With the median U.S. listing price hovering close to $400K, just 17% of the survey’s respondents think now’s a good time to buy. Home buyers have to deal with elevated home prices and mortgage rates.

But spring is in the air. And springtime sellers are placing homes on the market. That’s pressing the number of 2024 mortgage applicants up, too.

March 15, 2024April 25, 2024

State of the Home Buyer: White House Promotes New Set of Tax Credits

Housing affordability remains out of reach for many in the U.S. population today. What’s the matter?

Mortgage interest rates haven’t eased in any kind of significant way so far this year. Maybe in June…

More than half of U.S. renters report struggling to pay for housing every month.

Some would like to buy their own homes, but at this point call that a dream.

Joe Biden’s March 2024 State of the Union address laid out the latest plan to help. Here’s an update on the issue, and how the administration intends to deal with it.

October 2, 2023April 25, 2024

Frustrated Home Buyer? It’s Not You. Affordability Is the Worst It’s Been in a Century

Given today’s incomes, mortgage interest rates, and the prices on homes, we just had the least affordable month for U.S. housing in our century.

September 2023 was the second record-breaking month this year. We might be headed for a third record before the year’s over.

In fact, the last time it was this hard to buy a home was back in the early 1980s.