Although the majority of Americans favor homeownership, Fannie Mae’s latest National Housing Survey revealed many overestimate the qualifications and what it takes to own a home. 

Interest rates have been cut for the first time in a decade, as the Fed announced Wednesday that rates will drop by a quarter of a point. 

According to the National Association of Realtors (NAR), existing-home sales fell by 1.7% in June month-over-month, to a seasonally adjusted annual rate of 5.27 million. Additionally, half of the major U.S. regions recorded minor sales jumps while the other half experienced greater declines.

The growing use of technology in the mortgage space is what most lenders call their biggest competitor, according to analysis from Fannie Mae. 

Mounting concerns over supply and affordability are driving down consumers' home purchase decisions, according to the latest Fannie Mae Home Purchase Sentiment Index (HPSI).

The number of Americans that believe now is a good to sell jumped in Q2 2019 to 46%, according to information by the National Association of Realtors (NAR). 

Freddie Mac’s Primary Mortgage Market Survey (PMMS) reveals mortgage rates have stabilized, with the most recent 30-year fixed rate mortgage coming in near 3.8% for the third-consecutive week.

While Iowa may have the lowest housing costs, and West Virginia has the highest homeownership rate, Massachusetts is ranked as the best place to live overall, according to a recent study from WalletHub. Based on five main indicators: affordability, economy, education and health, quality of life, and safety, Wallethub determined which states were the “best places to live.”

Demand for homeownership is waning as more residents prefer renting over buying a home, according to the latest national index produced by the Florida Atlantic University (FAU) and Florida International University faculty.

Housing affordability is a growing issue, and according to the latest National Association of Home Builders (NAHB) Home Building Geography Index (HBGI), exurbs—outlying counties of large metro areas with at least 1 million residents—were the only region that registered single-family permit growth on a year-over-year basis in Q1 2019.