Sixty-two percent of millennial home buyers say they're planning to put less than 20 percent down on the house they eventually buy.
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A new survey of Americans found an uptick in the number who say now is a good time to sell a house. What do you think?
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67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.
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A new analysis says home buyers will see improving conditions as the year goes on, with inventory gains creating more buyers' markets across the country.
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The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Last fall buyers hesitated and took a break from the market. Now, as we move through 2023, there are signs things are finally going to pick up.
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According to the latest S&P Case-Shiller Home Price Index, home prices continue to slow, though they remain 7.7 percent above year-before levels.
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The typical number of years Americans live in a home before selling has been getting shorter recently. At the end of last year, it fell to just under six years.
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It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead.
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Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.
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If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, nationally the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023? And what about our local market?
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The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into a reset position. However, keep in mind that the Bismarck Mandan housing market does respond differently than what happens at the national level.
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