The U.S. median rental price hit its latest new high of $1,849 per month in May, representing a 26.6% increase since 2019 before the pandemic began, according to ...
Read More »Mortgage Payments Outpace Rent in Majority of U.S. Metros
As housing costs rise and demand begins to slow, inventory continues to recover from February lows, as new data reveals mortgage payments have surpassed rents in 45 of the 50 largest U.S. metros.
Read More »Home Sellers Nationwide Dropping Prices in Pandemic Hot Spots
Price drops have become increasingly common throughout the U.S., particularly in parts of Utah and other mid-sized metros in the West, according to a new report from Redfin. ...
Read More »Automated Valuation Models To Help Identify Home Appraisal Bias
According to a new study released today by Veros Real Estate Solutions (VEROS), Automated Valuation Models, or AVMs, may be the solution necessary to identify potential racial bias ...
Read More »Could House Price Growth Moderation Signal Balance Returning to Market?
First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model (PHSM) for the month of May 2022. The PHSM measures what the healthy market ...
Read More »Mortgage Applications for New Home Purchases Slip in May
New data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) for May 2022 shows mortgage applications for new home purchases have decreased an overall 5% in ...
Read More »May Home Sales Down YoY as Inventory Grows
RE/MAX has released its National Housing Report for May 2022, and although May is deemed one of the most active months of the year for home sales, closings ...
Read More »Townhouses Remain the Most Competitive Property Type
According to a new report from Redfin, nearly 58% of home offers written by Redfin agents nationwide faced competition on a seasonally adjusted basis in May, marking the ...
Read More »Study Finds Americans Possess Minimal Knowledge of Housing Matters
New data shows Americans are as baffled by how real estate works as they are about cryptocurrency. According to a new Zillow survey, the study finds most Americans ...
Read More »Florida Tops Most Popular Relocation Destinations Again
Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area, according to a ...
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