World News
Most Popular U.S. Home Remodeling Projects Revealed
Based on the National Association of Home Builders newly released Remodelers Survey, results revealed that bathroom and kitchen remodels remain the most popular projects in 2024.
U.S. Home Price Appreciation Accelerated in February
Like many economic metrics, the journey toward stabilizing the U.S. housing market is fraught with challenges. Although there has been a modest recovery in home sales and inventories from last year's lows, elevated mortgage rates continue to hamper affordability, deterring many potential buyers.
Residential Rents in U.S. Decline for Eighth Consecutive Month in March
According to the latest U.S. Rental Report from Realtor.com, residential rents in March 2024 continued to fall for the eighth month in a row, with a year-over-year decrease of 0.3% across various unit sizes. Despite this trend, the median rent stood at $1,722, just $36 below its peak in August 2022, yet $313 higher than in March 2019, before the pandemic began, demonstrating the rental market's ongoing strength.
In Today's Economy, 58 Percent of U.S. Homeowners Can't Afford to Buy Their Current Home
According to a recent survey by national property broker Redfin, almost 58% of U.S. homeowners feel they probably couldn't afford to repurchase their current homes at today's prices and mortgage rates.
U.S. Mortgage Rates Continue to Climb Above 7 Percent in Late April
Based on Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage averaged 7.17 percent as of April 25, 2024.
