The WPJ

Memphis

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.

Older Americans More Likely to Buy Disaster-Prone Homes

According to a new Redfin report, older Americans are more likely to buy homes in areas with significant climate risk compared to younger Americans.

Post Trump Election, U.S. Homebuyer Sentiment Hits 3-Year High in November

The Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 0.4 points in November 2024, reaching 75.0, continuing its recent sharp upward trajectory.

U.S. Commercial Mortgage Debt Hits $4.7 Trillion in Q2 as Delinquencies Increase

According to the latest Commercial Delinquency Report from the Mortgage Bankers Association (MBA), U.S. commercial mortgage delinquencies rose in the second quarter of 2024.

Memphis Property News












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