Where Do First-Time Home Buyers Have the Best Opportunity to Buy a Home in 2022?

By Ksenia Potapov on January 12, 2022
Unlike the two-thirds of Americans who already own a home, potential first-time home buyers did not benefit from the surging levels of home equity driven by rapid house price appreciation. Just as in 2020, low mortgage rates increased house-buying power and simultaneously boosted demand amid record low levels of homes for sale, further ... Read More

Homeownership First-Time Home Buyer Outlook Report Renter Affordability

Why Owning a Home was Cheaper than Renting in All 50 Top U.S. Markets

By Odeta Kushi on August 16, 2021
When potential first-time home buyers consider making the transition to homeownership, they ask themselves whether it makes more financial sense to keep renting, or to buy. The pandemic has undoubtedly impacted that calculation. Annual house price appreciation skyrocketed during the pandemic, reaching an average of 17.5 percent annual growth in ... Read More

Affordability Homeownership Renter Affordability

Top Five Cities for Lower-Income Renters to Pursue the Dream of Homeownership

By Odeta Kushi on April 14, 2021
In the fourth quarter of 2020, the median renter experienced a 10 percent boost to their house-buying power relative to one year ago, but the share of homes they could afford to buy declined by 4 percentage points due to rising house prices, according to the First-Time Home Buyer Outlook Report. However, while we recently examined affordability ... Read More

Homeownership First-Time Home Buyer Outlook Report Renter Affordability

Where Can Potential First-Time Home Buyers Find the Largest Supply of Affordable Homes?

By Odeta Kushi on March 23, 2021
In 2020, a combination of record low mortgage rates and millennials aging into homeownership boosted demand against a very limited supply of homes for sale, resulting in rapid house price appreciation. The nearly two-thirds of American households who already own homes saw their equity increase, while potential first-time home buyers, who are ... Read More

First-Time Home Buyer Outlook Report Renter Affordability

Don’t Overlook the Benefit of Equity When Considering Whether to Rent or Own

By Odeta Kushi on January 25, 2021
As nominal house prices have soared over the last year, many potential first-time home buyers may be reconsidering whether to buy or to continue renting. Weighing the monthly cost of renting versus owning a home is a key factor in determining if it makes financial sense to buy a home. This update to a 2019 analysis, which found that owning was ... Read More

Affordability Homeownership Renter Affordability

Where Rent-Burdened Households Declined the Most

By Odeta Kushi on March 11, 2020
Beginning in 2011 and continuing through 2018, the share of rent-burdened households declined nationally – a trend reversal from the decade between 2000 and 2010. According to the Department of Housing and Urban Development, rent-burdened households spend over 30 percent of their income on rent. However, as the old adage goes, it’s all about ... Read More

Affordability Renter Affordability