The Generational Housing Market Tug-of-War
A new report from Leaf Home and Morning Consult paints a picture of Boomer’s “death grip” on housing is stalling millennials’ homeownership and paints a contrasting picture of the 2024… Read more »
Category: Real Estate
Office Space to Living Space: Conversions to Skyrocket in Major U.S. Cities
According to a new RentCafe report, over the past four years, there has been extraordinary growth in the conversion of office buildings into living spaces, with an estimated 12,100 apartments… Read more »
Existing home sales are working from a historic low bar
Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line… Read more »
‘Hot’ Rental Markets to Watch in 2024
For those that cannot buy in the current housing market, those people must turn to renting. If you live in Atlanta, Kansas City, or Cincinnati, renting may be the predominant… Read more »
Rents Cool Nationwide as Rental Supply Continues Upward Trend
While housing supply remains on the upswing, the median U.S. asking rent fell 0.6% year-over-year to $1,995 in May—the largest annual decline since March 2020—according to a new report from… Read more »
Bidding Wars Heating Up for Starter Homes
A new report from Zillow has found that entry-level home shoppers are dealing with faster-rising prices and more competition than those seeking more expensive homes. “Buyers shopping for the least-expensive… Read more »
Home Sales Attempt to Recover After 2.4% Slide in March
As affordability constraints and lack of inventory remains a struggle for many potential homebuyers, existing-home sales edged lower in March, according to the National Association of Realtors. New data revealed… Read more »
New Home Purchase Mortgage Applications Decrease in January
The Mortgage Bankers Association‘s (MBA) Builder Application Survey (BAS) data for January 2023 shows that mortgage applications for new home purchases decreased 3.5% compared to a year ago. Compared to December 2022, applications increased by 42%. This change does not include any adjustment for… Read more »
1-in-20 Homes Now Valued Over $1M
Hot is just one of the words you could use to describe the housing market over the last two years, with demand significantly outpacing supply, which had a major impact… Read more »
Data Confirms Mortgage Demand Up; Rates Down
In yet another sign demand is beginning to return to the market, rate lock volumes rose 32% in January 2023 driven in part by the slow decline in mortgage rates,… Read more »