Local jurisdictions hope to use the taxes to support affordable housing development, but some of the proposed taxes face opposition from business groups

The current housing market could serve buyers who are looking for less competition, but home sales are still down by 27%

Mortgage applications have been at multi-decade lows since 2022

Despite recent improvements in the market, listing activity still remains below pre-pandemic levels

With the push for more budget-friendly housing, the no-hallway trend is expected to continue in the future

Iowa holds the top spot on the list, but many buyers are looking toward the Rust Belt region for affordable homes

While the West was the most popular region for renters overall, Minneapolis saw the most renters entering the market in the first half of 2024

Despite lower rates of foreclosure activity nationwide, some states continue to see the amount of foreclosure filings increase

Real estate investors were responsible for making nearly 15% of home purchases in Q1 2024, with the Midwest and South seeing the most significant investor activity