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Long-Awaited Elevators Open at Park Slope’s 7th Avenue Subway Stop, Boosting Accessibility

Brownstoner

By Kirstyn Brendlen, Brooklyn Paper Three new elevators opened at the 7th Avenue subway station in Park Slope on Tuesday, in a hard-won victory for the community.

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Equity surge boosts homeowner net worth by $208K: John Burns 

Housing Wire

Mortgage rate buydowns and a limited supply of existing homes have buoyed housing demand for many months despite elevated interest rates. Meanwhile, first-time homebuyers may benefit from generational wealth transfers, giving them a leg up to access homeownership.

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Gap between Black and white renters who were mortgage ready narrowed during the pandemic

Housing Wire

While higher mortgage rates and elevated home prices affected affordability for everyone, regardless of race, the median household income for Black renters rose more than for white renters since 2012. About 7.8% of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% About 13.3%

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Elevate our Marketing Game with ACCESS: The Ultimate Website Builder and Real Estate Marketing Platform powered by Agent Image

Inman

Join Brian for an exploration of ACCESS and discover how this innovative internet-based platform empowers real estate professionals to craft stunning websites, captivating presentations, and impactful marketing materials with ease. Click here to join!

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Hispanic homeownership rate rose to 49.5% in 2023: NAHREP

Housing Wire

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% Homeownership opportunities are becoming more accessible for immigrants who use Individual Taxpayer Identification Numbers (ITINs) rather than Social Security numbers to apply for a mortgage, the report noted.

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Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. The title industry embraces efforts to help increase homeownership accessibility.

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Top indie brokerage Realty Austin joins Compass, adding 600+ agents

Housing Wire

“Now, by aligning with Compass, they gain access to a transformative technology platform that enhances efficiency and elevated resources that empower them to secure even more luxury listings.”

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