A judge in the U.S. District Court for Northern Illinois has granted plaintiffs class certification in an antitrust suit against NAR that challenges home sellers paying the commissions of real estate agents representing homebuyers.
Read More »Home Prices Experience First Annual Drop Since 2012
While many homebuyers remained on the sidelines, home sales and competition leveled off in February, as the median U.S. home sale price fell 1.2% in February, marking the first year-over-year decline since 2012.
Read More »Single Female Homeownership Gains Driving Overall Homeownership Rate Growth
Since 2019, the number of single, female-headed households has increased by 1.4 million, one million of whom are homeowners, according to a new report from First American.
Read More »Median U.S. Asking Rents Rise Nearly 2% YoY
According to a new report from Redfin, the nationwide median asking rent inched upward just 1.7% in February, marking the smallest increase in nearly two years, and the lowest level in 12 months.
Read More »Affordability Struggles Weaken Housing Market
The rate of overall housing starts slowed in 2022 while completions climbed, according to a new Realtor.com report. New home affordability continues to drop rapidly with just 10% of new homes sold for less than $300,000 in Q4 2022.
Read More »Economists Predict Home-Price Slide Will End in 2023
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.
Read More »Study: Black-White Homeownership Rate Gap is the Largest in a Decade
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.
Read More »Miami Reclaims Crown as Top Migration Hotspot
According to a new report from Redfin, as remote work and inflated housing costs drive homebuyers to relocate, Miami was named the most popular migration destination in January for those looking to purchase.
Read More »Study Finds Most Californians Migrating South to Texas
According to a new analysis from JK Moving Services, Californians topped the list of people inquiring about moving into the Washington D.C. area, although data showed most Californians were looking to migrate to Texas.
Read More »Suburban Housing Markets Faring Better Than Cities
According to a new report from Redfin, home values are holding up better in suburban areas than in cities, which have seen an influx of residents due to remote work.
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