News Updates

Homes Sales Fell to One of the Lowest Levels on Record in May

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 new report from Redfin (redfin.com), the technology-powered real estate brokerage. There have been just two months in the

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Minimal Rent Growth Expected for U.S. Multifamily Market in 2024

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 new report, advertised multifamily rents are up 1.1 percent year-to-date, with year-over-year increases maintaining each month at around 0.6 percent. Analysts expect that advertised rent growth will be around

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RE/MAX NATIONAL HOUSING REPORT FOR MAY 2024

Inventory Jumped 40%, Home Prices Increased 5%, Sales Exceed 2023 Pace In May, both inventory and new listings grew to levels not seen since the second half of 2022.  The number of homes for sale, as surveyed across 53 metro areas, also increased, rising 8.7% over April and 39.6% year over year. And for the third consecutive month, the number of new listings exceeded 2023 levels by double-digit percentages –

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More Than 3 in 5 Home Listings Are Now ‘Stale’ As Record-High Costs Dampen Demand

More homes are sitting on the market for at least 30 days without going under contract, as homebuying demand falters in the face of high housing costs More than three in five (61.9%) homes that were on the market in May had been listed for at least 30 days without going under contract, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up from 60% one year

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Markerr Announces the Launch of RealRent Comps for Multifamily and Single Family Rental Properties

Largest source of publicly aggregated, real-time rental comps covers 28m units and includes floor plan granularity, amenities and concessions  Markerr, a leader in data and AI for real estate, announces the launch of RealRent Comps, a new product delivering unique insight into rental markets for investors, owners, operators and property managers. Integrated within Markerr Data Studio, RealRent Comps provides unprecedented coverage, timeliness and granularity to comps analysis, setting new standards

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CoreLogic: US Homeowners See Equity Increase to Nearly All-Time High in Q1

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released the Homeowner Equity Report (HER) for the first quarter of 2024. The report shows that U.S. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 9.6% year over year, representing a collective gain of $1.5 trillion and an average increase of $28,000 per borrower since the first quarter of 2023. This brought total

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