U.S. Homeownership Rate Stays at 65.6% in 2Q 2024

Due to a multi-decade low for housing affordability conditions and other factors, the U.S. homeownership rate remains the lowest in the last two years.

Homeowners Race to Refinance Home Loans

As mortgage rates retreat from 23-year highs, home loan applications rose 16% last week, the highest level in two years. Refinancings were up 60% vs. a year ago.

Saving for a House?

Buyers may hear they need a 20% down payment to buy a home, but that’s not set in stone. Many mortgages require as little as 3% or 3.5% and some have no minimums.

What to Know to Become a Luxury Real Estate Agent

Among other things, your branding should evoke luxury via high-quality marketing materials, professional photography and a polished online presence.