News Updates

The Pandemic-Driven Migration Boom Is Waning, With the Share of Homebuyers Relocating at Lowest Level in 18 Months

by admin
Comment Off
432 views

Redfin reports the share of homebuyers moving to a different metro area is coming down from a peak as it becomes less feasible to work remotely The share of U.S. homebuyers looking to move to a different metro area declined for the third straight month in November, dropping to 23.9%. That’s the lowest share in a year and a half, according to a new report from Redfin (redfin.com), the technology-powered real estate

by admin
Comment Off
254 views

Housing affordability is expected to improve in 2024 as mortgage rates fall and more homes go up for sale Just 15.5% of homes for sale in 2023 were affordable for the typical U.S. household—the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from 20.7% in 2022 and more than 40% before the pandemic homebuying boom. The number of affordable homes for sale also

by admin
Comment Off
333 views

Major Home-Ownership Expenses Again Require One-Third of Average Wage Nationwide, a 16-Year High;Historical Affordability Also Stays at Worst Point Since 2007;But Both Measures End Nearly Three-Year Slide Amid Mixed Trends in Home Prices and Mortgage Rates ATTOM, a leading curator of land, property, and real estate data, released its fourth-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in the fourth quarter of 2023

by admin
Comment Off
362 views

Analysis of 250 billion queries on Zillow reveal top search terms After analyzing more than 250 billion search queries, Zillow® has compiled the top search terms for 2023, showing the wide range of desires and preferences among America’s home shoppers. Earlier this year, Zillow introduced an AI-powered natural language search feature that lets home shoppers search for homes in a conversational way, similar to how they talk to family or friends. This

by admin
Comment Off
500 views

Boxabl has passed the required testing, and can now sell its Casitas/housing modules as factory-built homes in the State of Arizona. This is a significant step to bring affordable housing to the much-needed, highly underserved housing market. “This is a major milestone for Boxabl and brings us much closer to our goal of providing affordable housing to the masses”, said Galiano Tiramani, Boxabl co-founder. “This hard-won approval for the State of Arizona is

by admin
Comment Off
436 views

Auction.com, the nation’s leading distressed real estate marketplace, released its 2023 Neighborhood Stabilization Report, a first-ever report that shows distressed properties sold on a transparent auction platform produce higher homeownership rates, more value added during renovation and shorter renovation timelines than distressed properties sold in the traditional retail market. To view the full report, visit: https://www.auction.com/lp/in-the-news/2023-neighborhood-stabilization-report/ Those findings are based on an analysis of nearly 325,000 distressed property dispositions nationwide over