…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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Major Home-Ownership Expenses Consume 34% of National Average Wage by ATTOM Staff ATTOM released its fourth-quarter 2024 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in the fourth quarter of 2024 compared to historical averages in 98% of counties around the nation with enough data to analyze. The latest trend continues a three-year pattern of home ownership requiring historically large portions of wages as
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What a Year’s Worth of Investor Input Tells Us About the Future by Mitchell Zagrodnik RCN Capital and CJ Patrick Company’s Investor Sentiment Survey, which launched initially in Spring 2023, gauges real estate investors’ views on market conditions. The survey features a static set of questions that allow data to be compared and analyzed for trends over time. Periodically, more topical questions will also be included in the survey. With
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