Renting becomes sign of wealth as many opt against homebuying
Cities in California, North Carolina, Florida and New York have seen a surge in wealthy renters compared to pandemic numbers
by Richelle Hammiel Mar 11
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
Climate change reshapes real estate, putting $1.5T in value at risk
Climate change has shaken up the US real estate market, with buyers no longer simply seeking better quality of life or affordable housing — but also considering climate risks before purchases
by Richelle Hammiel Feb 4
Economists no longer expect big drop in mortgage rates this year
Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines: Fannie Mae
by Matt Carter Jan 24
Julie Kheyfets named new CEO of AI renovation company Block
Kheyfets spent 7 years as Block's Chief Operating Officer, and prior to that, led North American growth for Tractable, a unicorn in the AI accident and disaster recovery space
by Craig C. Rowe Jan 17
Fannie Mae forecasts 'significant regional variation' in 2025 sales
'From an affordability perspective, we think 2025 will look a lot like 2024,' Fannie Mae chief economist says, but with more inventory in Sun Belt states, Mountain West and Pacific Northwest
by Matt Carter Dec 16
More and more homes are languishing on the market
In August, nearly half of all US homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales
by Jim Dalrymple II Sep 25
2024 could be worst year for home sales since 1995: Fannie Mae
Falling mortgage rates should help boost home sales by nearly 10% next year. But in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets
by Matt Carter Sep 20
More listings, lower rates should boost 2025 sales: Fannie Mae
Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections
by Matt Carter Jun 24
Barry Sternlicht: Rents will go up, and it's Jerome Powell's fault
The billionaire head of Sternwood Capital blamed Federal Reserve chief Jerome Powell's interest rate campaign for killing activity in the multifamily sector
by Ben Verde Jun 7
Sun Belt cities see fastest rent deflation amid building boom
Nine of the 10 cities with the steepest drops in rent in April were in the Sun Belt, according to a new report by Redfin
by Ben Verde May 17
Rent is falling fastest in markets that added the most new supply
Rent is now 0.7% lower for one-bedroom rentals nationwide than it was a year ago, but some markets are still seeing significant increases, new report shows
by Taylor Anderson Feb 27
Adam Neumann’s secretive new apartment scheme is now live
The WeWork founder quietly scooped up $1B worth of apartment buildings near the peak of the multifamily housing market. His first building is now in lease-up. Here’s what we know
by Taylor Anderson Dec 12
Home prices continue to rise, with no end in sight
US home prices climbed 0.6 percent between June and July and reported an annual increase of 1 percent, erasing earlier declines
by Ben Verde Sep 26
US rent hits just shy of all-time record high: Report
Despite having cooled for more than a year, the median asking rent in the US remained just $24 below its all-time high as of June 2023, Redfin reported
by Lillian Dickerson Jul 12