Tag Archives: Housing Demand

“Confidence in the housing market appears to have plateaued at a relatively low level, suggesting that many consumers may be coming to terms with elevated mortgage rates and high home prices,” said Doug Duncan, Fannie Mae SVP and Chief Economist.

As renters continue to outpace homebuyers across the U.S., Miami is reemerging as the nation’s most competitive rental market. But pent-up demand remains an issue, driving the occupancy rate up to an estimated 97.1%, according to a new report from RentCafe.

According to a new Home Bay study, it is more affordable to rent than buy a home in 90% of the most populous U.S. cities. Research found that, on average, renters save an estimated $174 a month, totaling $2,088 per year.

Due to a significant lack of homes for sale, the median U.S. home-sale price is down 0.9% year-over-year, according to a new housing market update from Redfin, representing the smallest decline in nearly four months.

Annually, new listings of homes for sale dropped nearly 26%, falling below their previous pandemic lows, according to Realtor.com.

While the state of Arizona recently limited homebuilding in the Phoenix area, a new report from Redfin revealed out-of-town homebuyers are still moving to popular Sun Belt metros despite the high risk of drought and flooding.

While rents remain nearly 25% higher compared to the same time in pre-pandemic 2019, rent prices in the expensive West are seeing the largest year-over-year declines, according to Realtor.com's May 2023 Rental Report.

According to a new study from StorageCafe, California to Texas is the most popular interstate relocation route in the U.S. Roughly 111,000 people took that route in 2021, with an estimated 46% of people who migrated being millennials.

According to a new report from Redfin, near-7% mortgage rates continue to prevent both would-be homebuyers and potential home sellers from entering the market, despite the construction of new single-family homes nearing their highest level in almost 20 years.

Pending home sales are down nearly 20%, representing the biggest decline in over four months, but people are still showing interest in homebuying despite the total number of U.S. homes for sale declining 6% from last June.