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RCN capital SPRING 2024 INVESTOR SENTIMENT SURVEY

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RISING INSURANCE COSTS A GROWING CONCERN FOR REAL ESTATE INVESTORS Insurance challenges have become a major cause of concern among real estate investors, according to the Spring 2024 Investor Sentiment Survey from RCN Capital, conducted by market intelligence firm CJ Patrick Company. Over 68% of the investors surveyed noted that rising insurance costs or the unavailability of insurance coverage was a factor in their decisions to buy and sell real

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Half of U.S. Homeowners and Renters Struggle to Afford Their Housing Payments

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Americans report skipping meals, working overtime, and delaying medical care to afford housing Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Many report making sacrifices to cover their housing costs. The most common sacrifice was taking no or fewer vacations. More than one-third of homeowners and renters (34.5%) who struggle

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PROPERTY TAXES ON SINGLE-FAMILY HOMES UP 7 PERCENT ACROSS U.S. IN 2023, TO $363 BILLION

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Total Single-Family Taxes Levied Nationwide in 2023 Rise Twice as Fast as in 2022;  Average Property Tax Up 4 percent, to $4,062, While Effective Rate Also Increases;  Highest Effective Tax Rates Remain Clustered in Northeast and Midwest ATTOM, a leading curator of land, property, and real estate data, released its 2023 property tax analysis for 89.4 million U.S. single family homes, which shows that $363.3 billion in property taxes were levied on single-family homes in

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Realtor.com® March Housing Report: Housing Market Takes a Step in a Buyer-Friendly Direction

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March data shows the largest share of price reductions since 2019 with 34 out of the 50 largest metros showing an uptick in drops According to the Realtor.com® March housing report, buyers are looking at an optimistic mix of increasing inventory and an uptick in price reductions going into the Spring season. In March, the percentage of homes with price reductions increased to 15.0% – the largest share in 5 years

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Moderate House Price Increases Expected as Market Adjusts to High Rates

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Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its 2024 Q1 VeroFORECASTSM, with projections indicating an average nationwide appreciation of 2.9% over the next 12 months. This is an upward revision from last quarter’s forecast of 2.4%. VeroFORECASTSM evaluates home prices in over three hundred of the nation’s largest housing markets, and Veros is committed to the data science of predicting home value based

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The US has a record-high 550 ‘million-dollar’ cities

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Low inventory is keeping competition high and home values rising The U.S. has a record-high 550 “million-dollar” cities — cities where the typical home is worth $1 million or more — a new Zillow® analysis shows. That is 59 more million-dollar cities than a year ago, reversing losses from when home values were wobbling this time last year. A tight housing market with few homes available has kept home values rising, even while affordability challenges have

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