As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment. Continue reading
Existing-home sales prices increased in nearly 90 percent of metro areas, but gains were smaller than the previous quarter, according to data released Thursday by the National Association of Realtors. Continue reading
Expand your knowledge and unlock this week’s newest classes with Inman Access. Watch on any device, anytime, anywhere. Continue reading
Gen Zers and millennials who signed new leases in December saw their cost of goods and services increase 5.6 percent and 6.1 percent, respectively, according to a new report by Redfin. Continue reading
Warehousing? Inflated algorithms? Shady developers? They’re all part of a new report on what’s driving up rental prices in New York City. However, social media users aren’t buying the theory. Continue reading
To get a clearer picture of where things stand for builders — and where they’re headed for investors — Inman compiled financial results from the nation’s five largest publicly traded homebuilders. Continue reading
“TechCrunch” reported that the start of 2023 has been more active than many anticipated, stating that $8 billion in new capital commitments were made in the last week of January. Continue reading
Home price growth fell 0.4 percent between November and December, while year-over-year single-family price growth dropped to 6.9 percent, according to new data released Tuesday by CoreLogic. Continue reading
Where are home prices falling? Let’s map out the 253 cities that saw quarterly declines in the final three months of 2022. But there are indications that this isn’t a repeat of the 2008 crash. Continue reading
While mortgage rates have eased and home prices have fallen in many markets, affordability “still has a stranglehold on much of the market,” according to research released Monday by Black Knight. Continue reading