Category: Residential
SFR Fundamentals Attracting Institutional Investment: JLL
Occupancy has reached its highest levels in more than two decades, according to the firm’s latest report. Investor appetite and new development activity have been spurred by renters’ growing interest in single-family rentals. These are among the findings of a recent whitepaper from JLL Capital Markets on single-family rentals. With home prices and interest rates […]
Investor Home Purchases Slump 17% From Pandemic Peak as Interest Rates Rise
Surging borrowing costs and home prices prompted real estate investors to pump the brakes in the first quarter. Many are hoping prices will drop so they can get better deals. Real estate investors bought 77,829 homes in the metros tracked by Redfin in the first quarter, down 11.5% from the fourth quarter of 2021 and […]
Homebuyers Can Save Over $15,000 in Five Years With an Adjustable-Rate Mortgage–But It Comes With Risks
That’s $260 per month for the typical homebuyer—the largest savings since at least 2015. As mortgage rates surge, demand for adjustable-rate mortgages is on the rise because they typically have lower interest rates than 30-year fixed loans. The typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking […]
Top 10 U.S. Metros Where Spring and Summer Home Sellers See Higher Premiums
ATTOM’s newly released Best Days to Sell A Home Analysis reveals that the months of May, June and July offer seller premiums of 10 percent or more above market value, based on home sales over the past 11 years – with the top 15 best days to sell in the month of May alone. According […]
Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record
Home sellers and buyers are retreating at similar rates, resulting in a housing market that remains very competitive even as it slows. The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s data on homebuyer mortgage payments […]
Home Sales, Seller Profits Dip Across U.S. in First Quarter of 2022 As Price Increases Slow
IRVINE, Calif. – Apr. 28, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its first-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home sales across the United States dipped to 47.2 percent – the first quarterly decline since late […]
Apartment List’s 2022 Millennial Homeownership Report
According to the most recent Census data, the Millennial homeownership rate stands at 48.6 percent, more than 20 percentage points lower than the rate for Gen X and almost 30 percentage points lower than Baby Boomers. Millennial homeownership lags even after adjusting for age. Among older Millennials who have hit age 40, 60 percent own […]
Housing Inventory Has Bottomed
Tracking existing home inventory is very important in 2022. Inventory usually declines in the winter, and then increases in the spring. Inventory bottomed seasonally at the beginning of March 2022 and is now up 5.1% since then. This inventory graph is courtesy of Altos Research. As of March 25th, inventory was at 253 thousand (7-day […]
Real Estate Investors Are Buying a Record Share of U.S. Homes
Investors bought 18.4% of the U.S. homes that were purchased in the fourth quarter, a record high. Real estate investors bought a record 18.4% of the homes that were sold in the U.S. during the fourth quarter of 2021, up from 12.6% a year earlier and a revised rate of 17.4% in the third quarter. […]
Housing Market Update: Homebuyers’ Monthly Payments Up 25% to Record High
People who need to move now are pinched by rising mortgage rates, sky-high home prices and rising rents. The estimated monthly mortgage payment for a typical home for sale rose 25% year over year—or $388—to a record $1,931. That’s based on the all-time high median asking price of $376,000 recorded during the four weeks ending […]
