Consumer homebuying power decreased from June to July 2023 and decreased 11.0% year-over-year, according to the First American Real House Price Index, sending housing affordability to its lowest level in more than three decades.
Read More »Biden Administration Issues Call for Action on Junk Fees in Rental Housing
The Biden Administration, along with HUD Secretary Marcia L. Fudge, is calling attention to the significant harm that rental housing junk fees cause to tenants and have outlined steps that the Administration is taking to curb these fees.
Read More »Metros Struck by Hurricane Ian Showing Home Sales Resiliency
Redfin reports that home listings and home sales have bounced back in Florida towns hit by Hurricane Ian last fall, a storm that caused between $41 billion and $70 billion in damage to the area.
Read More »Annual Rent Growth Slows to Nearly Two-Year Low
January marked the lowest rate of home appreciation since the spring of 2021, declining for the ninth straight month to 5.7%. Meanwhile, Orlando, Florida posted the country’s largest annual gain for the third consecutive month.
Read More »U.S. Median Sales Price Experiences Modest Increase
According to the RE/MAX National Housing Report for February 2023, the median sales price experienced a slight rise over January, ending a seven-month streak of price declines.
Read More »Balance to Return to the Housing Market?
After a torrid start to the year, an industry forecast predicts home price appreciation to slow and new construction to replenish the nation’s inventory in the second half of 2022.
Read More »Homes Selling Quicker Than Ever
New listings are spending considerably less time on the market with low rates offset by high prices and even higher demand.
Read More »When Housing Coincides With Transit in La-La Land
Los Angeles is actively promoting alternatives to private automobiles, and mobility in and around the city. Here’s why home sellers are taking note of this trend.
Read More »Homebuyer Demand Cools Off
Despite new inventory in a few major cities, demand for housing has decreased, according to a report. So what's behind the drop?
Read More »The Worst Home Markets for Millennials
Millennials want to own homes. They just happen to be living through one of the toughest homebuyer's markets. And five cities, in particular, are tough for young buyers to crack. Which are these cities?
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