While housing affordability and competition tighten across the U.S., three cities in the Big Apple are among the nation’s fastest housing markets, according to a new report from Redfin. Click through to learn which NY regions are having homes fly off the market.
Read More »Residential Remodeling Activity Primed to Retreat?
According to a new analysis from the Joint Center for Housing Studies, home updates are likely to see some changes over the coming year. Click through to learn what the study is forecasting over the next four quarters.
Read More »Housing Inventory Gets Largest Month-Over-Month Boost in More Than a Year
A new RE/MAX report spotlights which metros are seeing the most significant increases. Click through to read the full report and learn what other “seasonal trends” are in play.
Read More »2023 Home Sales Dip to Levels Not Seen Since 2008
Could this be the slowest home sales year in nearly 15 years? Click through to learn the factors that have been keeping buyers "in a bind all year.”
Read More »Rent-Burdened Households Reach Their Highest Level in More Than a Decade
The share of renters who are cost-burdened has risen to the highest level since 2012, according to a new survey from Apartment List. Here’s how many households were rent burdened in America in 2022 per U.S. Census data.
Read More »Affordability Surpasses Inventory as Top Housing Industry Concern
NAR polled more than 176,000 executives and senior management officials at real estate firms and found that housing affordability has left fewer buyers able to purchase a home due to the rise in prices and interest rates, as many potential sellers remain in place rather than choosing to sell.
Read More »Inventory Shortages, Affordability ‘Top Obstacles’ Limiting Potential Homebuyers
Amid a significant shortage of housing supply in 2022, nearly 33% of Realtors believe a lack of inventory has stopped many Americans from purchasing homes. U.S. housing supply has dropped to the lowest level recorded since 1999, according to the National Association of Realtors.
Read More »Housing Market Remains Resilient as Listed, Closed Prices Rise
While both listed and closed prices experienced positive year-over-year growth in June, experts predict that market activity will remain at relatively low levels heading into Q3 2023, with the Federal Reserve continuing to increase rates at a slow pace.
Read More »Scarce Housing Inventory Ignites Bidding Wars
“The lack of supply is making it feel almost like 2021 all over again, but higher rates mean bidding wars are happening more in the $500,000 range than the $700,000 range because people can afford less,” said Redfin Agent Jeremy Lucas.
Read More »Home Price Growth Surges as Homebuyers Outnumber Sellers
While elevated mortgage rates continue to deter many home sellers from listing, an increase in homebuying competition is fueling a rise in home prices. According to a new market report from Zillow, typical U.S. home values grew by 1.4% from April to May, marking the strongest monthly appreciation since June 2022.
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