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 time it takes to sell a home is soaring—all at a faster rate than anywhere else
Read MoreProfit 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 median-priced single-family home and condo sales in the United States decreased to 55.3 percent in the first quarter – the smallest level in more than two years. The
Read MoreRise 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 the Fannie Mae Economic and Strategic Research (ESR) Group. While higher mortgage rates present renewed headwinds to the expected recovery in home sales this year, as well as
Read MoreResiBuilt, 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 diversifies its business verticals and adapts to evolving market dynamics. “We are excited to embark on this new chapter of growth and innovation,” said Andy Capps, CEO of ResiBuilt.
Read MoreLuxury 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 earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices of non-luxury homes rose at roughly
Read MorePreleasing 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 Student Housing Report. As of March, the average rent reached $895 per bedroom, marking an all-time high for the sector. A total of 41 universities had double-digit rent
Read More
