Daily Dose

Home prices rose strongly in November as higher rates during the month had no effect on market activity throughout the mid-Atlantic.

“I’m working with a lot of homeowners who are selling because of things like divorces, new jobs, or deaths in the family,” said David Palmer, a Redfin Premier real estate agent in Seattle.

While the average U.S. state experienced more than a 3% increase in home prices last year, a new study from the New Jersey Real Estate Network revealed the states where prices rose the highest in 2023 and how it affected prospective homebuyers.

Sharing a home can mean more affordability in America’s most popular cities. In New York City those savings could amount to more than $33,000 in a year.

Financial experts examine younger generations’ plans for prospective inheritances.

PWC’s Emerging Trends in Real Estate report examines this and other factors, as well as the possible implications the many Americans not returning to their physical offices may have on commercial real estate.

“From coast to coast and nearly everywhere in between, Community Development Block Grant funds build roads and sewers, rehabilitate homes, support nonprofit organizations and small businesses, and help communities prepare for and recover from weather-related disasters,” said HUD Secretary Marcia L. Fudge. 

According to a new Realtor.com survey, while 2024 is expected to remain a challenging year for homebuyers, nearly all first-time homebuyers overwhelmingly feel that they’ll be able to afford a home within their lifetime.

More home sellers are listing their homes in the New Year, according to a new Redfin report, as mortgage applications tick upwards from last year’s levels while monthly housing payments decline from their all-time high recorded in October 2023.

Nearly three out of four polled underestimate the housing prices in their city, with residents of the Bay Area ranking the most property-value intuitive and those from the Windy City ranking the least.