…But That May Change as Builders Pull Back by Redfin Staff Less than half (47%) of newly built apartments completed in the third quarter of 2024 were rented within three months. That is tied with the fourth quarter of 2023 for the lowest share on record aside from the start of the pandemic. This is according to a Redfin analysis of the U.S. Census Bureau’s seasonally adjusted absorption rate data
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California, Illinois, Florida, and New York City Area Lead the Way by ATTOM Staff ATTOM, a leading curator of land, property data, and real estate analytics, released its latest Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, equity and other measures in the fourth quarter of 2024. The report shows that California, Illinois, and
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…But Buyers Stay on Sidelines by Dana Anderson, Redfin There are five months of for-sale supply on the market nationwide, up from 4.4 months a year earlier and the most since early 2019. That’s according to a new report from Redfin, the technology-powered real estate brokerage. Inventory is piling up because more sellers are listing their homes while fewer buyers are wading into the market. New listings rose 7.4% year
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Home Values Continue to Ride Coattails of National Gains by ATTOM Staff ATTOM, a leading curator of land, property data, and real estate analytics, released its fourth-quarter 2024 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 3,783 zones around the United States with sufficient data to analyze, meaning they had at
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… for the First Time Since 2022 by Lily Katz, Redfin Home prices rose from a year earlier in all 50 of the most populous U.S. metropolitan areas in December — the first time that has occurred since May 2022, when the pandemic homebuying frenzy caused prices to skyrocket. By comparison, home prices rose in 41 metros in December 2023. “Places that have long been known as affordable places to
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National Median Home Price Climbs to $350,000 by ATTOM Staff ATTOM released its Year-End 2024 U.S. Home Sales Report, which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return on investment. But even as both measures remained near record levels, and home prices kept rising around the country, the profit margin on median-priced sales nationwide decreased from 56.9% from 2023. The
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