Home prices

Remote workers looking across the country for an inexpensive house have a wide net to cast, but a few important socioeconomic factors can narrow the search.

Homebuyer competition reached new heights right as the purchase market hits its busiest time of year, according to Redfin.

Residential value growth in March reached heights not seen since the lead up to the housing bubble, according to CoreLogic.

As consumers search for homebuying advantages, local lenders discuss the 12 metro areas where it’s more affordable to purchase a property rather than rent a comparable house, according to Realtor.com data.

Mom-and-pop residential real estate investors are seeing more competition from citizens looking to buy homes than from their traditional competitors, large public institutional investors, according to a new survey from real estate data firm RealtyTrac.

“Low inventory has been a consistent problem,” Lawrence Yun, chief economist at the NAR, said in a statement. “With mortgage rates still very close to record lows and a solid job recovery underway, demand will likely remain high.”

Federal Reserve Chair Jerome Powell is dismissing claims that loose monetary policy has led to rising home values and shrinking inventory and insists that the market is buoyed by creditworthy borrowers and investors.

Despite home purchasing power growing for the 14th consecutive month in February, rising property values and mortgage rates are likely to influence would-be sellers to stay put, according to First American.

Property values climbed 12% in February, according to the S&P CoreLogic Case-Shiller index.

Even in the best-case scenario, it would take 45 years to achieve an equal amount of housing-related capital between Blacks and whites.