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Two patches of grass shaped like footprints in the hardened mud

Looking to Cut Your Carbon Footprint? There’s an App For That

April 22 marks Earth Day and a new mobile app is showing homeowners how to track and reduce their home maintenance costs and carbon emissions. Dwellin is touted as a free, sustainable home mobile app that can help home, apartment, condo, and townhouse owners estimate and reduce annual home maintenance costs and their carbon footprint. “EV manufacturers, governments, and businesses are all working...

a man and a woman stressed-out over their housing situation

Housing Affordability Is Stressing Out Buyers

High home prices and mortgage rates are serving as a wake-up call to potential home buyers this spring that their budgets just aren’t going to go as far as they would have a year ago. In the first quarter of this year, 81% percent of consumers said they could afford less than half the homes for-sale in their markets. That marks the highest share since before the pandemic, the National Association of Home...

Graph showing that Americans are buying smaller homes than at the height of the pandemic

Downsizing Trend Taking Root as Home Prices Rise

Every square foot can count in pricing a home. As such, home buyers are purchasing smaller homes as prices continue to soar. New data from Redfin shows that Americans are purchasing smaller homes than they did earlier on in the pandemic. In March, the typical home under contract was 1,720 square feet. That is down 1.8% compared to a year ago and about the same size as homes that were selling prior to...

$100 bills folded into the shape of a house resting on an outstretched human hand

Home Seller Profits Averaged $94K in 2021

Home sellers in 2021 may have been a little shocked at the profit they made selling their homes. A report shows that home sellers nationwide realized a profit of $94,092 on a typical sale in 2021, up 71% from two years ago, according to ATTOM Data Solutions, a real estate data firm. Home seller profits rose in more than 90% of the housing markets tracked based on median purchase and resale prices,...

An older and younger homeowner standing before their house

Owners Under 30 Want to Move, Seniors Want to Stay

Americans under the age of 30 are on the move. They’re buying, selling, and moving at high rates, largely driven by career changes and the pandemic, according to the new State of Homeownership Report released by Matic, an insurtech platform. Senior homeowners, on the other hand, are less likely to change their living arrangements or consider refinancing compared with younger adults, the survey...

Row of homes on a city street

Where Homeownership Has Grown the Most

Homeownership rates have fluctuated over the last several years, as the population of some major cities surges and others see declines. Many of the cities that have seen homeownership bloom the most have been located in the South, Southwest, the Mountain states, and the West Coast. Five of the top 20 cities are located in Florida, while four are in Texas. Forbes recently culled data from the 2019 U.S....

Senior couple posing in front of their home

Seniors: Buying a Home Is Smartest Financial Decision

Beyond the sentimental attachments that seniors have built for their homes, they also believe homeownership was the smartest financial decision they ever made, a new survey says. Nearly three in four seniors—74%—say that purchasing their home was their best financial decision, according to a new survey of more than 1,500 respondents ages 60 to 75 conducted by the American Advisors Group. Further,...

Model toy house surrounded by piles of stacked coins

Home Sales Jump as Buyers Aim to Beat Rising Rates

Existing-home sales rebounded in September as buyers may have felt a sense of pressure as mortgage rates started to inch up. Existing-home sales rose by 7% in September compared to August. All major regions of the country posted increases last month, the National Association of REALTORS® reported Thursday. “Some improvement in supply during prior months helped nudge up sales in September,” says...

President Biden giving a speech commemorating the 10th anniversary of the Martin Luther King Jr. Memorial in Washington, D.C.

Commemorating MLK Memorial, NAR Vows a Fairer Future

The National Association of REALTORS® joined The Memorial Foundation this week to commemorate the 10th anniversary of the Martin Luther King, Jr. Memorial in Washington, D.C. Nearly 20 NAR representatives, including CEO Bob Goldberg and President Charlie Oppler, attended an anniversary dinner Wednesday, where the association was recognized among other memorial sponsors. NAR was one of the first...

Man and a woman inspecting a brand new washing machine

No Relief in Shortages of Appliances, Furniture

High demand for home products continues to cause supply chain disruptions throughout industries related to real estate. Shortages of appliances, furniture, and building materials are most acute and not expected to ease any time soon. The problem largely began at the start of the COVID-19 pandemic. Lockdowns—during which time demand soared as many people started remodeling their homes—disrupted...

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