Report: Lack of For-Sale Inventory Drives Rents Higher : Rental demand surged in 2021, partly because higher-income households turned to renting after unsuccessful home searches, according to a new report.
HUD Gives Early Chance to Owner-Occupant Buyers : The Department of Housing and Urban Development is giving owner-occupants and community organizations more time to claim first dibs on certain foreclosure properties.
Where Renters Are Saving for Down Payments Fastest : Renters are the most likely to save for a down payment and buy their first home in less than three years in this region.
Mortgage Rates Higher Than at Any Point in 2021 : In the first week of 2022, the 30-year fixed-rate mortgage jumped nearly 60 basis points above where it was a year earlier.
Second-Home Demand Up 77% From Pre-Pandemic Levels : Nontraditional vacation spots far from coastlines or mountains are leading destinations for second-home buyers. Will the trend continue?
Property Tax Appeals May Be Less Successful in 2022 : To triumph in an appeal, homeowners will have to prove their home has been over-assessed by their local government, which could be tougher to do lately.