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Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

Report: Swing State Homebuyers Paying 92% More on Housing Payments Since 2020

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers in the seven swing states that might determine the winner in this year’s presidential election have seen their median monthly housing payments nearly double since Joe Biden won the 2020 election, according to new data report from Redfin (NASDAQ:RDFN)....
40% of New Mortgages Went to Buyers Under 35

40% of New Mortgages Went to Buyers Under 35

by Phil Hall | May 20, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under the age of 35, according to new data from Redfin (NASDAQ:RDFN). During 2013, more than one-quarter (26.5%) of buyers were between the ages of 35 and 44, while those between 45 and 54 accounted...
FHLBank Cincinnati in New Endeavor Helping First-time Homebuyers

FHLBank Cincinnati in New Endeavor Helping First-time Homebuyers

by Phil Hall | May 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Cincinnati (FHLB) and Homeport, a Columbus, Ohio-based nonprofit housing development, are launching the Rise Up program for qualifying homeowners in Ohio’s Franklin County. According to the organizations, the Rise Up program is funded by...
Guest Opinion: Housing’s Fundamental Role in Economic Inclusion

Guest Opinion: Housing’s Fundamental Role in Economic Inclusion

by Raphael Bostic | May 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Raphael Bostic is president and CEO of the Federal Reserve Bank of Atlanta. This article is adapted and edited from a recent speech delivered before The Murphy Institute at Tulane University in New Orleans. Housing is so foundational to family well-being and security...
Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today

Study: Roughly 40% of Homeowners Could Not Afford to Buy Their Home Today

by Phil Hall | Apr 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly two out of five homeowners (38%) said they could not afford to buy their own home if they were purchasing it today, according to a new report from Redfin (NASDAQ: RDFN). In a February survey of nearly 3,000 U.S. residents, 59% of homeowners who answered...
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