Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors (NAR). Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions. Total existing-home sales ...
Read More »Rental Affordability Issues Likely To Last Long-Term
According to the Realtor.com Monthly Rental Report, new data indicates that rental competition remained persistent in April, as the U.S. median rental price hit a new high —$1,827— for the 14th month in a row. These trends highlight affordability struggles ...
Read More »Inventory, Softening Demand Cooling Pace of Home Sales
According to the Realtor.com Monthly Housing Trends Report, new data suggests that the U.S. housing supply is preparing to rebound, as active listings posted the smallest year-over-year declines —down just -12.2% since December 2019. Inventory improvements were led by increases ...
Read More »Q1 Home Price Increases Putting Homeownership Beyond the Reach of Many
According to the National Association of Realtors' latest quarterly report, Q1 of 2022 found more markets reaching double-digit annual price gains than the previous quarter. Meanwhile, approximately 70% of 185 measured metros experienced such price gains – up from 66% in ...
Read More »Large Share of Buyers Migrating From Seattle to Phoenix
According to a new report from Redfin, a record 32.3% of its users nationwide looked to move to a different metro area in Q1 — up from 31.5% a year earlier, and up significantly from 26% in 2019. The share ...
Read More »Largest Share of Buyers Purchased Homes in Suburbs, Rural Areas
The share of millennial home buyers increased significantly over the past year, according to the latest study from the National Association of Realtors 2022 Home Buyer and Seller Generational Trends report. The NAR report found that the combined share of ...
Read More »March Sales to Produce Largest Monthly Increase in Closings
RE/MAX released its National Housing Report for February 2022, revealing home sales fell approximately 1% from January, planning for what is typically the year's biggest month-over-month incline in sales. March is typically considered the start of the spring home-selling season, ...
Read More »Slow Home Sales in the Golden State
A closer look at the housing market in California and the statewide affordability challenge faced by many would-be homebuyers.
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