Sarah Lentz

A new report from Redfin shows the median home sale price dropping 4.1% ($17,603) year over year in April—the biggest annual drop in dollar terms and the steepest annual decline in percentage terms since January 2012.

A new NAR report shows April existing home sales have dropped month over month by 3.4% and year over year by 23.2%. Inventory of unsold existing homes grew 7.2% month over month to 1.04M—equal to 2.9 months’ supply at the current monthly sales pace.

Byron Lazine appeared on the May 21st episode of the NBC Nightly News—in a segment on the “Sunday Scaries” to discuss the Bare Minimum Monday TikTok trend.

A new StorageCafe report names the top 20 U.S. metros for real estate development—commercial, industrial, and residential—over the past decade. Fifteen of those 20 are in the Sun Belt, with Texas metros taking the top five spots, led by Houston.

Pacaso just released its list of the top 15 U.S. second home markets for 2023, based on Optimal Blue second home transaction data from January 1st to May 3rd. Eight of those top 15 are located in Florida.

A new Gallup report shows 21% of adult consumers in the U.S. think it’s a good time to buy a house—an all-time low for Gallup’s trend. However, 56% of Americans still expect home prices to go up.

A new mortgage product introduced by Skipton Building Society will allow first-time home buyers in the UK to purchase a home with a no-deposit 100% mortgage loan, which hasn’t been available since 2008.

The results of a new Opendoor survey reveal an inconsistency in market expectations, along with shared concerns and areas where buyers and sellers can meet in the middle.

The latest development in AI home valuation tools is a new Plunk partnership with Milestones.ai. It provides nationwide access to AI-powered home remodeling insights and project recommendations.

According to a new Redfin report, asking rents across the U.S. are flattening as rental supply catches up with renter demand and vacancies rise. Continued rent increases in the Midwest and Northeast offset significant drops in Sun Belt metros.

Zillow’s April 2023 Housing Market Report shows a market strongly in favor of sellers as rising demand meets low inventory.

The Fannie Mae Home Purchase Sentiment Index® (HPSI) continued its recent upward trend in April, climbing 5.5 points to 66.8—the highest since May 2022.