While generational differences are evolving and having a big impact on homeownership and insurance usage in the U.S., millennials and the youngest of Gen X are experiencing noteworthy delays in owning a home due to the Great Recession, according to a new study by TransUnion’s annual insurance summit. In addition to the delays in homeownership,… [Read More]
Could Baby Boomer Mortality Rates Change The Housing Market?
Before the pandemic, Baby Boomers – those typically classified as people born between 1946 and 1964 – represented 41% of U.S. homeowners. This is according to a special report conducted by the Mortgage Bankers Association’s Research Institute for Housing America. As older Americans age out of their homes to move to assisted living facilities or… [Read More]
New Study: Charlotte Homebuyers Overpaying by more than $100k
While homebuyers are still navigating record-high prices along with mortgage rates that are up over 5%, recent data released by the Florida Atlantic University (FAU) college of business notes that the average home in Charlotte is selling for about 55% more than its expected amount. If you’ve purchased a home in the Charlotte region recently,… [Read More]
Cheapest States to Buy a House in 2022
Skyrocketing prices and record-low inventory have made buying a house impossible for many Americans but for those who are willing to relocate, a new study from Rocket Mortgage ranking the cheapest states to buy a home may offer some homebuyers hope. While several studies have been done with varying results due to different contributing factors… [Read More]
Record-Low Number of Americans Say Now’s The Time to Buy a Home
According to a new Gallup Inc. poll, just 30 percent of American adults say it’s a good time to buy a house. This is the worst share in the survey’s history which dates back to 1978. This number is down 23 percentage points from this time last year. The poll was conducted from April 1-19,… [Read More]
U.S. Housing Market Most Affordable Major Country
A new study from the Urban Reform Institute and the Frontier Centre for Public Policy finds the U.S. as the most affordable country in the world. The housing markets of Australia, Canada, Hong Kong, Ireland, Singapore, and the U.K. were also ranked. The Demographia International Housing Affordability report found that the least affordable market is… [Read More]