The income renters need to afford the typical apartment is the highest since 2022 amid a rebound in asking rents, which are now just $47 shy of their record high The typical U.S. renter household earns an estimated $54,712 per year, 17.3% less ($11,408 in dollar terms) than the $66,120 needed to...
ARIA Property Services, a leading force in the Texas residential housing market, is excited to announce the launch of its Select Investors programs. This pioneering initiative offers wholesale residential investors exclusive access to off-market investment opportunities with zero down for every...
The national delinquency rate fell 6 basis points (bps) year over year to 3.04% in May; still the second lowest point on record, behind 2.92% in March 2023 A fifth consecutive monthly improvement in serious delinquencies (those loans 90+ days past due, but not yet in active foreclosure) reset what...
Forty-three percent of last year's home buyers used a gift from family or friends to help with their down payment, the most since at least 2018 A median-income household would need to put 35.4% down to afford the payments on a typical U.S. home. Five years ago, the typical U.S. home would have...
Rise in Listings Likely Means Many Homeowners No Longer Willing to Delay Moving Affordability constraints continue to limit the number of buyers willing and able to make home purchases, even as listings of for-sale homes rise, according to the June 2024 commentary from the Fannie Mae (OTCQB:...
Company Addresses False Narrative Concerning Revenue Management Software RealPage, a leading global provider of software and data analytics to the real estate industry, issued a statement to correct factual inaccuracies that have been reported related to its revenue management software and its...
The Institutional Impact on Shifting Agent Compensation There has been a lot of buzz in the industry about the NAR settlement and how it will impact all parties, from agents to consumers. But there hasn't been much discussion about how it will affect institutions. Lenders, servicers, and investors...
The median U.S. home sale price hit a record high in May as demand continued to outpace supply, with the number of homes for sale roughly 25% below pre-pandemic levels Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a...
Rent performance varies by region, with national average expected to decelerate U.S. multifamily rent growth and occupancy have deteriorated since the 2022 peak, and the 2024 Multifamily Outlook from Yardi® Matrix anticipates further deceleration in the second half of this year. According to the...
