December Pending Home Sales Cross 8% Mark
If you live in the West, Midwest, or the South, you probably saw pending home sales noticeably climb month-over-month, but if you live in the Northeast, pending home sales declined… Read more »
Hamptons mansion once listed for $150 million sells at auction for less than $90 million
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. The four-acre estate in Southampton, New York, known as… Read more »
Homebuyers Adjusting Purchase Strategies in Search of Homeownership
Americans are purchasing multi-family properties and co-owning homes with friends and/or family, and prospective homebuyers are willing to adjust their homebuying strategies to become homeowners in 2024. This is according… Read more »
The Generational Housing Market Tug-of-War
A new report from Leaf Home and Morning Consult paints a picture of Boomer’s “death grip” on housing is stalling millennials’ homeownership and paints a contrasting picture of the 2024… Read more »
Office Space to Living Space: Conversions to Skyrocket in Major U.S. Cities
According to a new RentCafe report, over the past four years, there has been extraordinary growth in the conversion of office buildings into living spaces, with an estimated 12,100 apartments… Read more »
Existing home sales are working from a historic low bar
Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line… Read more »
‘Hot’ Rental Markets to Watch in 2024
For those that cannot buy in the current housing market, those people must turn to renting. If you live in Atlanta, Kansas City, or Cincinnati, renting may be the predominant… Read more »
Mortgage rates sit still in the first week of 2024
In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from… Read more »
Housing Market Tracker: Inventory is negative YOY
Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940… Read more »
Rents Cool Nationwide as Rental Supply Continues Upward Trend
While housing supply remains on the upswing, the median U.S. asking rent fell 0.6% year-over-year to $1,995 in May—the largest annual decline since March 2020—according to a new report from… Read more »