Nearly 40% Of Homeowners Couldn’t Afford Their Homes Today Almost two out of five homeowners (38%) say they could not afford their own home if they were to buy it today. And while Baby Boomers typically have more financial resources to tap for a home purchase, they’re also the most likely to say they could […]

Nearly 20% Of Home Sellers Take A Loss In This City—Compared To 4% Nationwide Nearly one in five San Francisco home sellers (17.8%) are taking a loss on the sale of their home during the three months ending February 29, 2024—higher than any other metro and more than four times the nationwide share. That’s according […]

1 In 5 Americans Are Making Big Sacrifices to Afford Monthly Housing Costs A new report from Redfin highlights the sacrifices Americans are making to afford their monthly housing costs. Redfin commissioned the survey conducted by Qualtrics in February and fielded to 2,995 U.S. homeowners and renters. Redfin’s report zooms in on the 1,494 respondents […]

Squatting Has Gone Viral—And Some Are Taking Matters into Their Own Hands Blame COVID—partly. When the pandemic hit and renters across the country lost their incomes, some states passed laws making it harder for landlords to evict them. Two of those states, California and Washington, are notable for their leniency toward those who can’t afford […]

The Pandemic Roiled the Housing Market—but Small Signs Show It’s Finally Bouncing Back It’s no secret that the pandemic upended the housing market—and the fallout is still reverberating today, affecting homebuyers and sellers. A quick recap: In the past four years, list prices shot up, the number of properties on the market plunged, and home sales dropped […]

Co-Buying, Compromises, And Home Tour Burnout: 2023 First-Time Homebuyers More than three-quarters of today’s first-time homebuyers are making their first home purchase with a co-buyer. And about a third are co-buying with a parent, friend, or sibling. That’s according to Opendoor’s third edition of its First-Time Homebuyer Report, released on March 5, 2024. Thanks to […]

Know how “location, location, location” has always been the number one priority (generally speaking) when it comes to buying a property? Well, according to a new Coldwell Banker survey, price is now more important for over half the surveyed consumers (56%), leaving location in second place (50%). Also, according to survey results, women (60%) are […]

The income today’s homebuyers need to buy a typical U.S. home has grown 80% since 2020. Or, put another way, today’s homebuyer needs to earn a minimum of roughly $106,500 a year to afford a home purchase—about $47,000 more than they needed four years ago. A new Zillow report highlights the disparity between wage growth […]

The $2 Trillion Surge In U.S. Home Values A new Redfin report on the value of the U.S. housing market shows a $2 trillion annual gain. In percentage terms, the total value of U.S. homes rose 5% over the last 12 months, marking the biggest increase in almost a year. The housing shortage has plenty […]

Lead Analyst On How To Talk To Consumers About Mortgage Rates When it comes to mortgage rates, it helps to have multiple perspectives. If you’ve been a BAM reader long enough, you’ve read several different predictions from different housing experts on what we can expect over the next 1-2 years. You also heard a prediction […]