The Required Household Income to Purchase a Home Exceeds $250,000 in Four California Metros According to the Realtor.com® April housing data, the national required household income to purchase the median priced home rose to $116,000, up $5,900 from a year ago, after accounting for the cost of tax...
40% expect home prices to decline in 2024, up from 32% in 2023 and 17% in 2022 29% expect rents to decline in 2024, up from 16 percent in 2023 49% describe their local real estate market as “overvalued with correction possible” 60% still expect to increase investment property purchases in 2024...
The National Rental Home Council (NRHC) commends Georgia Governor, Brian Kemp, for signing into law House Bill 1017, the “Georgia Squatter Reform Act,” legislation providing legal protections and recourse for homeowners in the event of the illegal occupation of their properties. Passed with...
The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere else in the country. And in McAllen, TX, supply jumped 25%. On the west coast of Florida, housing supply is surging, sellers are cutting their asking prices and the...
Profit Margins on Typical Home Sales Nationwide Decrease to 55 Percent; Returns Slip Downward as Median U.S. Home Price Slumps 4 percent ATTOM, a leading curator of land, property, and real estate data, released its first-quarter 2024 U.S. Home Sales Report, which shows that profit margins on...
Rise in New Home Listings Projected to Boost Sales Despite Recent Run-up in Mortgage Rates Stronger-than-expected economic and inflation data have pushed interest rates higher and financial markets to price in fewer Federal Reserve rate cuts this year, according to the April 2024 commentary from...
ResiBuilt, a trailblazer in the Build-to-Rent sector for the past 5 years, has recently launched its strategic expansion into the 'Build for Sale' sector, while affirming its unwavering commitment to Build-to-Rent endeavors. This expansion marks a significant milestone for ResiBuilt as it...
Luxury sales are outperforming partly because elevated mortgage rates aren’t a deterrent for many luxury buyers, as a record 47% of luxury homes were bought in cash at the start of 2024 The median-priced U.S. luxury home sold for a record $1,225,000 in the first quarter, up 8.7% from a year...
Preleasing continues to outpace all previous years, and rent growth remained strong in March Preleasing at Yardi 200 schools hit 67.7 percent in March, exceeding last year's pace by 2.4 percent, while rent growth accelerated to six percent, according to the latest Yardi® Matrix National...
