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More Americans Opting for Renting Over Homeownership in 2024

More Americans Opting for Renting Over Homeownership in 2024

According to new research by CBRE, the rising cost of homeownership is prompting more Americans to opt for renting. On average, monthly mortgage payments for new homes are currently 35% higher than apartment rents, creating a significant affordability gap.

Small Investors Quietly Reshaping the U.S. Housing Market in Late 2024

Recent research from CoreLogic in Q3 of 2024 underscores the prominent role of smaller investors, commonly referred to as mom-and-pop landlords, who typically own three to ten properties.

Stale Home Listings on the Rise in America

Based on new data from Redfin, nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019.

Future Homebuyers Sitting on Sidelines Until After U.S. Presidential Election

According to national property broker Redfin, the typical monthly housing payment for a U.S. homebuyer was $2,671 during the four weeks ending July 21, 2024, marking the lowest level in four months.

U.S. Home Sales Uptick in July, First Time in 5 Months

According to recent data from the National Association of Realtors, existing-home sales saw an improvement in July 2024, halting a four-month streak of declines.

Developer Spotlight

Louisville Property News

U.S. Home Sales Uptick in July, First Time in 5 Months

Posted on August 26, 2024

U.S. Pending Home Sales Rise 5 Percent in June, First Time in 3 Months

Posted on August 01, 2024

Total U.S. Commercial Mortgage Debt Rises to $4.7 Trillion in Q1

Posted on June 21, 2024

Market-decline-after-a-spike-red-arrow-down-keyimage2.jpg

U.S. Mortgage Rates Dip Below 7 Percent, First Time in 5 Weeks

Posted on May 29, 2024

U.S. Homeowner Equity Dips Again in Early 2024

Posted on May 10, 2024

Driven by High Rates, U.S. Commercial Lending Imploded 47 Percent in 2023

Posted on April 24, 2024

U.S. Mortgage Applications Increase in Late November as Rates Moderate

Posted on December 06, 2023

Multifamily Apartment Rent Growth in U.S. Slows in Q3

Posted on November 21, 2023

One-Third of U.S. Home Sellers Give Concessions to Buyers

Posted on November 16, 2023

Thirty One Percent of all U.S. Home Sales Are New Construction in Q3

Posted on November 03, 2023

Zombie Properties in U.S. Increase 15.3 Percent Annually in Late 2023

Posted on October 31, 2023

Driven by High Rates, U.S. Buyers Must Earn $115,000 to Buy a Typical Home in 2023

Posted on October 19, 2023

U.S. Mortgage Applications Dive 7 Percent in Mid-October

Posted on October 18, 2023

U.S. Mortgage Originations Predicted to Hit $1.95 Trillion in 2024

Posted on October 16, 2023

Residential Rents in U.S. Dip in September Amid Growing Apartment Supply

Posted on October 11, 2023

1 in 5 Millennials Think They'll Never Own a Home in America

Posted on September 11, 2023

Investor Home Buying Dives 45 Percent Annually in the U.S.

Posted on August 31, 2023

U.S. Labor Day Weekend Travel To Uptick in 2023

Posted on August 29, 2023

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