Real Estate

Zillow's latest survey forecasts U.S. home values to remain nearly flat, rising just 0.2% over the course of 2023, with California to expected to experience the biggest declines.

“One of the most cost-effective states to live in, according to the study, is South Dakota. The state offers many natural wonders, including the famous Mount Rushmore National Memorial, the Badlands National Park, and the Black Hills National Forest,” United Region Van Lines said.

“Housing affordability is at the lowest level in history, which will widen the wealth gap—especially between millennials,” said Redfin Deputy Chief Economist Taylor Marr.

Buyers in some locations have been met with better-than-expected inventory numbers as inventory has recovered nearly 70% year-over-year.

A new report from the National Association of Realtors revealed Black homeownership rates have not kept pace with increases of other racial groups, as Black homeowners and renters are more cost-burdened than any other racial group.

“Even though the length of time Americans are staying in their homes has ticked down from the peak it reached in 2020, it’s likely to head back up again in the next few years,” said Redfin Senior Economist Sheharyar Bokhari.

According to a new report from HouseCanary, signs of a market rebound earlier this year retreated in February.

The S&P CoreLogic index fell on both a monthly and yearly basis. Click through to see the research and commentary from Craig J. Lazzara, Managing Director at S&P DJI.

While home prices remain near record highs, buyers are easing back into the market. A new study from Bankrate reveals which places throughout the U.S. rank from best to worst for first-time homebuyers.

However, while monthly numbers show a short-term improvement, the National Association of Realtors found the market to be down nearly 25% year-over-year.