With a growing gap between supply and affordability, a new report from Cotality reveals the U.S. housing market is seeing a significant shift in what defines a “starter home.” Once characterized by modest new builds on the outskirts of town, the starter home is now more likely to be an older, smaller property — and it’s commanding […]

Existing Home Sales, which reflect closings on existing homes, fell for the secondstraight month in September, down 1% from August and 3.5% from a year ago. The3.84-million-unit pace represents a 14-year low as NAR’s Chief Economist, LawrenceYun, noted that “home sales have been essentially stuck at around a four-million-unitpace for the past 12 months.” Regarding […]

New data from the US Census Bureau shows that the share of US homes that are owned outright increased by 5% between 2012 and 2022. This means almost 40% of Americans now own their homes, up from 34% in 2013, after Baby Boomers paid off their mortgages. A Bloomberg report noted the aging population enjoyed […]