1st-time buyers say 'yes' to older starter homes due to higher costs
New construction starter homes may be a thing of the past as costs continue to rise, according to a report from Cotality. Buyers are flocking to a new kind of starter home, one that's older, smaller
by Lillian Dickerson Jul 29
Here's why builders are slamming the brakes on new apartments
Building permits for multifamily units have plunged 27.1 percent from their pandemic-era highs, with new rentals now hitting the market at the slowest pace on record, according to Redfin
by Richelle Hammiel May 5
Home values have surged at 2X the normal rate since pandemic
Since 2020, US home values have risen by 45.3%, meaning more than 10 years of typical home value growth has been packed into a 5-year period, a new report from Zillow shows
by Lillian Dickerson Feb 27
Anxiety over mortgage rates, rent and home prices begins to mount
Inflation expectations surged after President Donald Trump announced plans to impose tariffs on goods from China, Canada and Mexico, a new University of Michigan survey of consumers finds
by Matt Carter Feb 10
Mortgage payments cheaper than rent in nearly half of all US metros
Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest US metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday
by Richelle Hammiel Sep 17
RealPage lays off 4% of workforce amid ongoing lawsuits and probe
The layoffs include employees at various levels of the company and come as RealPage faces scrutiny from federal regulators, who claim its software allows landlords to collude on rent
by Taylor Anderson Jun 28
NYC rents grew 7 times faster than wages last year
The nation's biggest city saw the biggest gap emerge between the rates of wage growth and rent growth, according to a new report from Zillow
by Ben Verde May 7
Rent prices post highest annual increase in over a year: Redfin
The median asking rent in the United States rose 2.2% year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9% increase compared to the month before
by Ben Verde Mar 11
New data shows much of the US has entered the ‘renter’s market’
The Sun Belt leads the ongoing drop in rent declines, and the price of rent is now lower than a year ago in 50 of the top 100 markets Zumper tracks
by Taylor Anderson Nov 28
Renters rejoice! Rental rates fell for 5th straight month in September
Rents for studio, 1-bedroom and 2-bedroom units fell 0.7 percent between August and September, according to Realtor.com
by Ben Verde Oct 23
Seasonal price changes show signs of life as rents drop in September
After coming within $2 of a historical high record during August, the national median rent price dropped 2.02% last month
by Ben Verde Oct 17
NYC tops list of most expensive rental markets, ousting San Jose
New York City topped San Jose as the most expensive rental market in the country, the first time the Big Apple has topped the list since Zillow began tracking the data in 2015
by Taylor Anderson Aug 8
Tenants in jeopardy as rent hikes outpace value of rental vouchers
No metro in the US held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them
by Ben Verde Apr 18
Rent growth slows to smallest rate since July 2021
While the 4.8% growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month
by Taylor Anderson Jan 12
Single-family rent growth slows for fifth-straight month in September
Rent remained 10.2% above September 2021 levels and 22.6% compared to 2 years earlier, according to the single-family rent index from property data information company CoreLogic
by Taylor Anderson Nov 15