Share of renters paying under $1,000 hits record low, Redfin says
Only 32.1% of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2% in 2022 and 50.4% in 2012, according to an analysis from Redfin released Wednesday
by Richelle Hammiel Oct 31
'Hidden' homeownership costs locking potential buyers in place
Households have deferred moving, partially due to high 'hidden' homeownership costs such as property taxes, insurance and climate change, according to a report
by Richelle Hammiel Aug 7
Market headwinds stifled new construction growth in June
High mortgage rates, slower homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains
by Marian McPherson Jul 17
Housing starts plunge 19% in May as homebuilders act with caution
Construction starts on new housing units dropped 5.5% to a seasonally adjusted annual rate of 1,277,000 —  19.3% lower than levels in May 2023, according to US Census data released Thursday
by Ben Verde Jun 20
The Great Renovation is set to refresh aging US home inventory
Author Bernice Ross and New Western's Kurt Carlton discuss how investor-led rehab can solve inventory problems by breathing new life into America’s aging and abandoned vacant homes
by Bernice Ross Jun 5
US inventory rises to highest level since 2022 as new-home sales fall
Newly built homes available on the market rose to 480K, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to US Census Bureau data
by Ben Verde May 23
Housing starts leap in February as homebuilders become optimistic
Housing starts rose to a seasonally adjusted annual rate of 1.52M in February — 10.7% higher than in January, according to data released Tuesday by the US Census Bureau
by Ben Verde Mar 19
Client pipelines tick back up as agents eye 2024 gains: Triple-I
More real estate agents believe their client shortfall has begun to stabilize, an indication of rising home demand in the new year, according to new results from the latest Inman Intel Index survey
by Chris LeBarton Jan 31
New-home sales fell in November, but brighter days may lie ahead
Sales of newly built single-family homes fell 12.2% between October and November to an annual rate of 590,000, but lower interest rates may bring relief
by Ben Verde Dec 22
Housing starts defy expectations, surge to highest point since May
Housing starts jumped 14.8% between October and November to a seasonally adjusted annual rate of 1.56M. That's 9.3% higher than they were in December 2022
by Ben Verde Dec 19
Forget the deadbolt, residents of these trusting towns say
People who live in Hollister, Calif., feel most confident about leaving their doors unlocked at night, according to a survey by Automatelife.net, because of low property and violent crime rates
New-home sales soar in September — but analysts see sales slowdown
New-home sales skyrocketed in September, soaring to a 20-month high, according to data issued Wednesday by the US Census Bureau and the Department of Housing and Urban Development
by Ben Verde Oct 25
Housing starts tally 'unexpected' uptick amid rising mortgage rates
New housing starts increased 7% in September to a seasonally adjusted rate of 1.36M, or 7.2% below the levels seen in September 2022, according to Census Bureau data released Wednesday
by Ben Verde Oct 18
Here's what you can do to mitigate the 'lock-in effect' for clients
Opinion
Current market conditions may have homeowners feeling trapped. Splitero CEO Michael Gifford shares a perspective shift to help you provide hope and flexibility
by Michael Gifford Sep 13