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Author: Swapna Venugopal Ramaswamy, USA TODAY

Money

New to adulting? Recent college grads can find a friendly housing market in these 10 cities

May 26, 2023May 26, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on New to adulting? Recent college grads can find a friendly housing market in these 10 cities

New college grads entering the market are forced to make a lot of decisions about their budget and rent affordability.

Money

The great housing inventory divide: New construction vs existing-homes

May 24, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on The great housing inventory divide: New construction vs existing-homes

In March, 33% of homes listed for sale were new homes in various stages of construction. That share from 2000-2019 was a 13% average.

Money

It must be that Southern Charm! These areas in the South are topping the housing index

May 22, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on It must be that Southern Charm! These areas in the South are topping the housing index

These metros remain a relatively affordable place to live and work, attracting people and businesses while other metros have become unaffordable.

Money

Buying a house? Not now, many Americans say as frustration over economic conditions mount

May 20, 2023May 22, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Buying a house? Not now, many Americans say as frustration over economic conditions mount

The poll reflects the frustration of potential homebuyers. Few Americans think it is a good time to buy a house, even compared to the Great Recession.

Money

‘Locked in’ mortgage rates mean few homes on market. How new construction has been a solution.

May 16, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on ‘Locked in’ mortgage rates mean few homes on market. How new construction has been a solution.

While new home construction is taking on an increased role in the marketplace, they continue to face ongoing challenges.

Money

Is it better to rent or buy? The best house prices vary city to city

May 15, 2023May 17, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Is it better to rent or buy? The best house prices vary city to city

From 2016 to 2023, home prices in the 50 largest metros climbed 73%, whereas rent prices went up by 45%.

Money

Housing market on the rise? Mortgage rate dip has immediate impact on several aspects.

May 12, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Housing market on the rise? Mortgage rate dip has immediate impact on several aspects.

The average rate on 30-year fixed mortgages dropped for the second consecutive week, leading to a quick impact to mortgage and refinance applications.

Money

KeyBank named ‘worst lender for Black borrowers’ will undergo ‘racial equity audit’

May 11, 2023May 11, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on KeyBank named ‘worst lender for Black borrowers’ will undergo ‘racial equity audit’

A report found that KeyBank’s share of mortgage originations to Black borrowers was the lowest among the nation’s 50 largest home purchase lenders.

Money

7 in 10 metros saw home price gains in the first quarter of 2023. See where.

May 9, 2023May 9, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on 7 in 10 metros saw home price gains in the first quarter of 2023. See where.

Among the major U.S. regions, the South saw the largest share of single-family existing-home sales (46%) in the first quarter.

Money

Single family homes for rent are getting more expensive. Here’s where prices are going up

May 7, 2023May 8, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Single family homes for rent are getting more expensive. Here’s where prices are going up

Single-family rentals saw a 5% increase at the close of the first quarter of 2023 compared to the same period in 2022.

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