Tagged: renters

Monthly savings gap is delaying purchase activity but building future borrower demand

A new Zillow forecast shows rent affordability improving to its best level in five years, as slowing rent growth, rising supply, and elevated vacancies provide tenants with more leverage and are expected to keep rent increases modest through 2026

A Redfin-commissioned survey finds single Americans are significantly more likely than married couples to struggle with housing costs, underscoring the financial strain of relying on a single income in today’s high-priced market

Homebuyers still need to earn about $35,000 more than renters to afford a median-priced home, but easing mortgage rates, slower price growth and rising wages have narrowed the affordability gap to its smallest level in three years

Zumper launches ChatGPT integration enabling renters to search listings, view market data, and schedule tours through conversational AI prompts

Despite elevated rates keeping current homeowners in place, life events like job changes and family transitions — combined with 47 million millennials still renting — will gradually bring buyers and sellers back to the housing market

Major banking, credit union, and mortgage trade groups are pressing the Trump Administration for immediate regulatory changes to lower mortgage costs and ease first-time buyer affordability pressures

Single-family rent growth has slowed to its weakest pace in more than a decade, as persistent affordability challenges linger despite easing market pressures

A report from Experian finds that nearly half of U.S. renters expect to be ready for homeownership within four years, with Gen Z and millennials leading optimism as modern credit tools incorporating rent payment data aim to help overcome affordability

Realtor.com’s latest rent report shows rents falling for the 28th straight month, but finds that only a handful of major metros are affordable for full-time minimum wage workers, even as wage hikes begin to offer modest relief