The income needed to afford a starter home has risen over 20% in Fort Lauderdale, FL, and Miami, more than anywhere else in the country A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% ($7,200) from a year ago, according to a...
Newly Available Data Science Reduces the Reporting Time to Days Instead of Months Quantarium, a Seattle-headquartered national real estate AI technology firm, is challenging the assumption that the U.S. housing market needs to wait two months to reliably find out how home prices are changing....
Equity-Rich Portion of Mortgaged Homes Rises Back Up Amid Home-Price Rebound; Half of all Homeowners Paying Mortgages are Equity-Rich; Seriously Underwater Level of Mortgages Also Sees Improvement ATTOM, a leading curator of land, property, and real estate data, released its second-quarter...
Active since 2020, Beacon Residential builds on Great Gulf's existing build-to-rent portfolio, spanning seven U.S. markets and representing 16 communities and over 2,300 homes Great Gulf Group is pleased to announce the launch of the Beacon Residential brand, the company's purpose-built,...
Prices posted their biggest increase in over seven months, with more demand than supply as high mortgage rates deter sellers The typical U.S. home sold for $382,500 during the four weeks ending July 16, up 2.1% from a year earlier. That’s the biggest increase since December 2022 and the second...
Profit Margins on Typical Sales Nationwide Increase Following Three Quarterly Declines; Investment Returns Rise as Median U.S. Home Price Jumps 10 Percent; Seller Profits Still Down Annually Following Earlier Drop-offs ATTOM, a leading curator of land, property, and real estate...
Cortland, a vertically integrated, multifamily real estate investment, development, and management company, announced it has appointed Juan Bueno President of Operations to support the firm's operating platform. In this newly created role, Bueno will oversee a variety of...
Transactions Pull Back Further Due to Rising Cost of Capital Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for July 2023, as the Market Tightness (26), Sales Volume (40), Equity Financing (22)...
Limited Supply of Homes for Sale Boosts Prices, New Home Construction While the latest data on inflation has provided reason for optimism, less favorable base effects are likely to slow further progress in reducing annual inflation to the preferred 2-percent target, according to the July...
