Housing affordability has plummeted to its lowest level since the 1980s, keeping many Americans in the rental market. As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. In 2023, a record 93,000 new single-family homes for rent were completed, up 39% fr

Atlas VMS, the appraisal and valuation company led by Erik Morin, announced this week the appointment of Joe Pravettone as chief appraiser. The company describes the hire as a “significant addition” to its leadership team.Pravettone began his valuation career roughly 25 years ago, starting as an ind

With a 90-day average median list price of $4.3 million, Santa Monica, California doesn’t seem like a place where one would expect to find many first-time homebuyers. But local real estate professionals would beg to differ.“Most of the demand is coming from first-time buyers,” Trevor Levin, a local

As the U.S. reaches its peak homebuying season, mortgage rates continue to ease week over week. HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.45% on Tuesday, below the rate of 7.51% one week ago. At the same time one year ago, the average rate wa