Home prices rise faster than they have in more than a year Falling mortgage rates brought more buyers into the market in December, but they faced the same constraint that has been plaguing buyers for the past two years—a serious lack of homes to choose from. There were 13,109 new pending sales through the Bright MLS service area in December, which was up very slightly (+0.5%) compared to the extremely low
Read MoreForeclosure Starts Up from 2022, While Foreclosure Completions Decline; December 2023 Foreclosure Activity Declines from Previous Month; Q4 2023 Foreclosure Activity Declines from Previous Quarter ATTOM, a leading curator of land, property, and real estate data, released its Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136
Read MoreLima One Capital unveiled its 2024 Housing Outlook. The 26-page document predicts a more stable housing market than that of the previous 12 months. Read the full report here: https://promo.limaone.com/2024-housing-market-outlook-analysis “The 2023 Housing Market tested the patience of investors and homebuyers alike, as high interest rates and low inventory slowed the transaction rate significantly. But the market staved off the doom and gloom predictions of falling rents and declining home
Read MoreMortgage Rate Drops Begin to Encourage Market Activity Net New Listing and Contract Volume Marginally Up Versus December 2022 Interest Rate Shock Continues to Keep Inventory at Historically Low Levels HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, released its December Market Pulse Report, showing that activity in terms of net new listings placed on the market is up 5% versus December 2022. With the Federal
Read MoreREI INK has partnered with National Private Lenders Association and John Burns Research and Consulting to give you the chance to participate in a survey of fix-and-flip market conditions. At the end of the survey, you can select a free metro-level data report for each market you rate (up to 3) to help inform you and your business. Data includes statistics on sales, prices, rents, demand, supply, and affordability. Participants
Read MoreAffordability and job growth push the Great Lakes, Midwest regions to the forefront of the forecast Buffalo, New York, will be the hottest major housing market this year, according to a new analysis by Zillow®. Affordability is the most powerful force driving real estate, bringing lower-cost markets in the Great Lakes, Midwest and South regions to the top of Zillow’s 2024 rankings. “Housing markets are healthiest where affordable home prices and
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