Researchers at First American Financial Services looked at how the U.S. housing market has fared historically during recessions. Based on past data, the next recession is unlikely to trigger a major housing downturn. Read the full story here.
iBuyers are increasing their market share in some U.S. markets, finds a new Redfin analysis. iBuyers purchased 3.1 percent of homes in 18 markets during the third quarter of 2019. This figure marked a 1.6 percent increase in the market share for iBuyers since a year earlier. Read the full story here.
Baby Boomers, the second largest generation behind the millennials, have already started aging into retirement. In the coming years, a flood of homes that are currently owner-occupied are expected to hit the market. The phenomenon, coined the Silver Tsunami, could help ease the inventory drought that has plagued the U.S. housing market in recent … Read More
A new forecast from Realtor.com predicts an uncertain year for U.S. housing markets as changing economic and political conditions impact the country. The U.S. housing market will continue to slow in 2020 as housing inventory declines to historic lows and economic uncertainty causes consumers to reduce their spending even further, according to the Realtor.com … Read More