In reversal from 2021, it costs more to buy than rent in 95% of US

Last year, it was more expensive to rent than own. High home prices and mortgage rates that doubled in 2022 changed that, according to a new report from property data firm Attom. Continue reading

Foreclosures, forecasts, fix-and-flips: What Attom’s data can tell us about 2023

Whether you’re a real estate agent or a homeowner, market conditions in 2023 are going to vary wildly across the country. Bernice Ross talks with Rick Sharga of Attom Data about what to expect next. Continue reading

Rent growth slows to smallest rate since July 2021

While the 4.8 percent 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. Continue reading

Foreclosure activity doubled in 2022 but remains historically low

While the nation continues moving away from the pandemic-era lows, it’s doing so very slowly and well below rates seen during the Great Recession. Continue reading

Hines taps new CEOs for regions across North and South America

Steve Luthman was picked to lead the Midwest, Southeast and Canada regions; and Syl Apps will head the South America region, the company announced on Wednesday. Continue reading

Demand for apartments turns negative for first time since 2009

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. “The balance of power in the rental market is rapidly shifting to renters.” Continue reading

Want to buy a home in Canada? You’ll likely have to be Canadian

As of Jan. 1, homes in Canada can only be purchased by the nation’s citizens and a few other groups after a new law went into effect. The step’s a campaign promise of Prime Minister Justin Trudeau. Continue reading

Home prices will soon post year-over-year declines: Report

Home prices grew by 8.6 percent compared to a year before but fell by 0.2 percent month over month. By the second quarter, prices are expected to be lower than they were a year before, CoreLogic says. Continue reading

Real estate investing in 2022: Where is the roller coaster headed?

“It’s like that roller coaster where it’s going up and up and up and up. You don’t know what’s going to happen when you get to the top.” Many investors had a pleasant ride in 2022. But the ride might come to an end. Continue reading

Stewart targets institutional investors with BCHH acquisition

Coraopolis, Pennsylvania-based BCHH provides national title and settlement services to mortgage servicers, real estate investors, asset management companies and government entities. Continue reading