Tariffs Could Drive Up Costs for Renters by Lily Katz, Redfin According to a new report from Redfin, the median U.S. asking price for rents fell 0.6% year over year to $1,610 in March, and rose 0.4% month over month. Asking rents have stabilized below their 2022 record high of $1,705. March marked the 13th-straight month in which asking rents barely decreased or increased, with a year-over-year change of less
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Bank Repossessions Up 8 Percent from Previous Quarter by ATTOM Staff ATTOM, a leading curator of land, property, and real estate data, released its Q1 2025 U.S. Foreclosure Market Report, which shows a total of 93,953 U.S. properties with foreclosure filings during the first quarter of 2025, up 11% from the previous quarter but down 2% from a year ago. The report also shows a total of 35,890 U.S. properties
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…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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