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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]