… 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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Productivity Gains and Persistent Limitations by Jonas Bordo In the fall of 2022, OpenAI released ChatGPT and made the power and promise of artificial intelligence (AI) a tangible reality. To date, the impact has been most profound in the area of human productivity. For example, here at Dwellsy, we precisely map every SFR and apartment address that comes into our system (hundreds of thousands per month), and what was once
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A Q&A with Toni Moss and Matthew Eby In April of 2024, REI INK was an official publication of the groundbreaking AmeriCatalyst conference, GOING TO EXTREMES: The Extreme Climate, Housing and Finance Leadership Summit. The event brought together the primary constituents in US housing to discuss risks posed by climate change to the housing market. Recent hurricanes Helene and Milton have emphasized the need for astute real estate investors to
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