Today's Headlines - Realty Times
Posted On Thursday, 17 August 2023 12:40 Written by
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Posted On Wednesday, 16 August 2023 16:03

Owning a home has long been considered the quintessential American dream, but the path to those white picket fences is far from smooth. Although 84% of Americans say they’d like to own a home one day, 51% who don’t own today worry they’ll never get there.

We asked 2,000 U.S. consumers about their homeownership dreams, fears and challenges — here’s what we found.

  •  An overwhelming 94% of consumers say owning a home is part of the American dream — even if only 84% say it’s part of their dream.
  • 51% of respondents who don’t own a home say they’re worried they never will. Among those who want to own one day, 49% say they can’t afford a down payment and 40% say home prices are too high in their area. Student loan debt weighs heaviest on millennials, with 19% citing it as a roadblock to homeownership.
  • Of the 84% who’d rather own a home than rent, nearly 3 in 5 (59%) say they like the flexibility to do whatever they want with the space — 58% say they value not having to worry about renewing a lease.
  • Among the 16% who say they prefer to rent, 42% like not being responsible for maintenance or repair costs — 37% say it’s simply more affordable to rent.
  • Home maintenance and repair costs are the top reasons homeowners dislike owning, at 36%; property taxes (35%) are a close second. Among renters, 30% say the worst part about their current situation is the unexpected rent increases, followed by having to deal with a landlord (22%).

You can check out our full report here:

LendingTree's Senior Economist, Jacob Channel, had this to say:

"There’s no getting around how tough buying a home can be in today’s high-interest rates and high-price housing market. As tough as it may seem, those who want to buy but can’t afford to right now should try to keep hope. The more time you give yourself to do things like save for a down payment and work on your credit score, the more likely you’ll be able to buy one day.” 

Posted On Wednesday, 16 August 2023 08:54 Written by
Posted On Tuesday, 15 August 2023 21:50 Written by
Posted On Tuesday, 15 August 2023 10:53
Posted On Tuesday, 15 August 2023 10:38
Posted On Tuesday, 15 August 2023 10:21
Posted On Tuesday, 15 August 2023 09:10

Redfin reports Texas and Florida survey respondents are twice as likely to cite affordability as a factor in choosing where to live than alignment on social issues

Roughly two of every five respondents to a recent Redfin survey who live in Texas or Florida would prefer to live in a place where abortion is legal, according to a new report from Redfin (, the technology-powered real estate brokerage. That’s double the share who would prefer not to live in a place where abortion is legal.

The results from Texas and Florida are similar to results from the country as a whole. Texas has an abortion ban, and Florida's abortion ban is in legal limbo. Like Florida and Texas residents, about two of every five respondents from the U.S. overall would prefer to live in a place where abortion is legal, roughly double the share who would prefer not to.

This is according to a Redfin-commissioned survey conducted by Qualtrics in May and June 2023. The survey was fielded to 5,079 U.S. residents who either moved in the last year, plan to move in the next year, or rent their home. This report focuses on the 396 respondents who indicated they live in Florida, and the 414 who indicated they live in Texas.

Florida and Texas respondents are more likely to cite affordability than social views as a factor in choosing where to live

The contradiction between the type of place Florida and Texas respondents say they would prefer to live and where they actually live suggests that for many people, other factors outweigh social preferences in choosing where to reside.

Just over 1 in 10 Florida (13%) and Texas (12%) respondents who recently relocated said living in an area better aligned with their views on social issues factored into their move. Affordability was a more common reason, with more than 20% of Florida and Texas respondents citing a lower cost of living. Other reasons more commonly cited than alignment on social issues include a desire for more space and being closer to family. The results are similar for the U.S. as a whole.

“Deciding where to live is a compromise, and the housing affordability crisis in many parts of the country means many homebuyers must compromise certain preferences for affordability,” said Redfin Chief Economist Daryl Fairweather. “Even though many parts of Florida and Texas have attracted an influx of migrants who have pushed up prices over the last few years, homes there are far less expensive than a coastal city. A person who identifies with the local policies of a place like Seattle or San Francisco may live in a place like Dallas simply because it’s what they can afford.”

“Still, people often self-sort into areas where their neighbors have similar social and political views,” Fairweather continued. “Liberal people who live in Texas or Florida may choose a home in a neighborhood where they see flags that speak to their beliefs, for example.”

Homebuyers who are moving from one part of the country to another tend to flock from expensive coastal cities to relatively affordable metro areas, a trend that has been going strong for years but intensified during the pandemic because of record-low mortgage rates and remote work. Five of the 10 most popular destinations for users who are moving from one metro to another are in Florida, and two are in Texas. Overall, Florida and Texas gained more new residents than any other states in 2022.

Homes in Florida and Texas tend to be much less expensive than the common origins of people moving in. The typical home in Miami, for instance, sells for $515,000, compared with $705,000 in New York, the most common origin of movers to Miami. In Dallas, the typical home sells for $443,000, roughly half the price of Los Angeles, the most common origin for homebuyers moving to Dallas.

Even before the pandemic, Florida and Texas were popular destinations; they gained more new residents than any other state in both 2018 and 2019. For the many Americans who moved to those states before the Supreme Court overturned Roe v. Wade in mid-2022, abortion policies have since changed.

“For some people who moved to a place like Tampa or Dallas in 2019 or 2020 to get a more affordable home, a part of them may now wish they lived somewhere that aligns better with their views on abortion, since its legality is now in the hands of each individual state,” Fairweather said. “But it’s not that simple. They probably still appreciate the relatively low cost of living, and may not be able to afford to move to a different state. Beyond finances, many are entrenched in their jobs, their kids’ school and their communities, and those things make it hard to leave.

Florida and Texas respondents more likely to prefer living somewhere with protections for LGBTQ children than without them

Roughly one-third of Florida (37%) and Texas (33%) respondents would prefer to live in a place where gender-affirming care for children is legal, according to the same Redfin survey. That’s significantly higher than the 21% of Florida respondents and 25% of Texas respondents who would prefer not to live in such a place. Gender-affirming care includes transition surgeries and hormone therapies, among other treatments.

The reality of the legal landscape differs from the preference of many Florida and Texas respondents. Gender-affirming care for transgender youth is illegal in Texas and Florida as of this year, though the latter’s rule is in limbo as it experiences legal challenges to its enforcement.

A similar share of Florida (36%) and Texas (35%) respondents would prefer to live in a place that has laws allowing discussion of LGBTQ topics in schools. That’s higher than the 25% and 28%, respectively, who would prefer not to live in such a place.

Discussion of sexual orientation and gender identity in school is banned via a so-called “Don’t Say Gay” bill in Florida, and a similar bill is making its way through Texas’ state government.

The results from Florida and Texas are comparable to the nation overall.

To view the full report, including charts and more details on the survey, please visit:

Posted On Tuesday, 15 August 2023 06:18 Written by

Relief Foundation announced $1.5 million in disaster relief aid has been made available to Hawaii REALTORS® in support of the REALTORS® Association of Maui after fires recently devastated communities on the Hawaiian island of Maui. Funds will be made available to the public to assist with disaster victims’ housing payments as relief and recovery efforts continue.

“Maui’s recent wildfires have deeply impacted its residents, and we stand by them during this challenging time,” said RRF President Mike McGrew. “RRF grants aim to ease the path towards recovery, offering tangible aid to those rebuilding their lives. As real estate agents, we recognize that unity and community spirit are invaluable, especially when facing such trying circumstances.”

Since 2001, RRF has disbursed more than $40 million in aid to more than 20,000 families nationwide. The National Association of Realtors® covers all administrative costs, ensuring 100% of all funds collected are distributed directly to disaster relief causes.

When a major disaster occurs, RRF mobilizes its outreach efforts and turns to NAR members and other constituents for support. You can learn more about RRF by visiting

About the REALTORS® Relief Foundation

RRF is a 501(c)(3) non-profit that exists to provide financial housing assistance to the public after disasters. In its 20 years of existence, more than $40 million in aid has helped more than 20,000 families. RRF is supported generously by the Realtor® organization family. Local and state Realtor® associations partner with RRF as they mobilize the Realtors® in their locale to assist those in need. NAR covers all administrative costs allowing 100% of donations to be used for disaster relief.

Posted On Monday, 14 August 2023 15:46 Written by
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