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Housing Market

Rent vs. Income: The Harsh Reality for U.S. Renters in 2024

New Redfin research shows the typical renter earns $11,000 less than the $66,120 minimum required to afford the typical U.S. apartment. And only 39% of U.S. renters earn enough to afford a median-priced apartment.

July 12, 2024

Housing Market

Home Sale Prices Reach Record Highs for 9th Consecutive Week, But Signs a Shift May Be Coming

The median U.S. home sale price hit a record high for the ninth consecutive week, according to Redfin’s latest report. Yet, the report also reveals signs that prices may start to soften.

July 11, 2024

Housing Market

Housing Costs and Inflation: Key Takeaways from Powell’s Testimony

Fed Chair Jerome Powell spoke before the House Financial Services Committee on July 10, 2024. We’re focusing on Powell’s statements in discussions related to housing, as well as Maxine Waters’ opening remarks on the subject.

July 11, 2024

Housing Market

The Sentimental Value of Homes: A Hidden Factor in the Housing Market

Opendoor commissioned a survey to understand Gen X and Boomer behaviors around buying and selling a home, specifically the emotions they felt. Based on results, 66% of home sellers and buyers aged 55+ feel emotionally attached to their homes.

July 5, 2024

Housing Market

The 10 Best—and Worst—Cities for Real Estate Agents in 2024

A recent study by Clever Real Estate reveals the top 10 cities for real estate agents in 2024. Detroit, MI, leads at number one, followed by Buffalo, NY, and Kansas City, MO.

June 29, 2024

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Housing Market

Why 89% of Home Sellers Have Regrets

According to a recent survey by Clever Real Estate, the average homeowner spends $54,156 to sell their home. And 42% of the homeowners responding to the survey say the home-selling costs were higher than they expected.

June 26, 2024

Agent Strategy

How Haters Made a Real Estate Legend: Grant Cardone’s Interview with RE/MAX Founder Dave Liniger

Grant Cardone recently interviewed Dave Liniger, the founder of RE/MAX, on his podcast, the Cardone Zone as one of the industry’s Power Players. Read on for some of the highlights of their conversation.

June 24, 2024

Housing Market

Top 10 Budget-Friendly States for Homebuyers in 2024

Research from Click Storage highlights the top 10 budget-friendly states for 2024, with Utah at number one, followed by Tennessee and Arizona.

June 23, 2024

Housing Market

May Home Prices See Smallest Monthly Increase in Nearly 18 Months

A new Redfin report shows home prices for May 2024 rose 0.3% from the previous month—the smallest monthly increase on a seasonally adjusted basis since January 2023.

June 20, 2024

Housing Market

Inventory Rises as More Homeowners List and Buyers Take a Step Back

New reports from Zillow and Redfin highlight the origin and impact of inventory growth in 2024, as more homeowners list their homes while buyers take a step back, pushing inventory up and increasing days on market and the share of homes with price cuts.

June 17, 2024

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Housing Market

Homeowner Equity Grows 9.6% Year Over Year as Negative Equity Declines

CoreLogic released its quarterly Homeowner Equity Insights report for Q1 2024, which shows a 9.6% year-over-year increase in total homeowner equity, along with a 2.1% quarterly decline and a 16.1% annual decline in negative equity.

June 11, 2024

Housing Market

The 10 Best Retirement Towns for 2024

According to Realtor.com, the top 10 retirement towns for 2024 have the trifecta of desirable qualities for American retirees. And on top of that, they’re also affordable.

June 9, 2024