A recent study analyzed median home values in town with a population between 10,000 and 50,000 and found that home prices there are comparable to those in metropolitan areas.
A survey found that more than half of Americans do not believe they can afford a home in today's housing market, with 53% citing the inability to afford a down payment as the reason.
A recent survey from Clever Real Estate polled 1,100 boomers and asked them why they believe the younger generation could not afford a home in today's housing market.
The contract rate for the 30-year and the 15-year fixed terms are expected to fall between 25 basis points to half a percentage point after the Fed cuts its interest rates.
Rent prices rose 3.8% in 2023 while the median home values only rose by 1.8%. Rent prices in the United States rose by nearly 4% in 2023 while home values only grew under 2%.