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Housing Market

The Number of ‘Million-Dollar’ Cities in the U.S. Hits a Record-High

A new Zillow analysis shows the U.S., as of February 2024, has 550 “million-dollar” cities (cities where the typical home is valued at $1 million or more)—59 more than last February’s total of 491.

April 4, 2024

Housing Market

Millennials are the Largest Generational Group of Home Buyers: Here’s What They Want From Agents

The National Association of Realtors® has released its 2024 Home Buyers and Sellers Generational Trends Report, showing millennials in the lead, surpassing baby boomers and accounting for 38% of all home buyers.

April 3, 2024

Housing Market

Why Barbara Corcoran Says the NAR Settlement is “Not a Big Deal”

In an interview with Yahoo Finance, Barbara Corcoran spoke on the NAR settlement and the confusion surrounding it, as well as what she expects from home prices and from buyer and seller behavior. She also answers the question, “When is it a good time to buy?”

April 2, 2024

Housing Market

Gen Z vs. Millennial Housing Costs Before Age 30: Who is Paying More?

A new report from RentCafe shows Gen Z spends more on rent but less as homeowners by age 30, compared to millennials during the same period of life.

April 2, 2024

Housing Market

Nepo-Homebuyers: 36% of Young Buyers Plan to Use Family Cash for a Down Payment

A new Redfin report shows more than one third (36%) of Millennial and Gen Z homebuyers plan to use money from family members for their down payment.

March 29, 2024

Housing Market

Homes with Backyard TVs Can Sell for $10,000 More

New Zillow research shows homes with tricked-out backyards can sell for $10,000 more than comparable homes without. Read on to see what today’s buyers are willing to pay extra for.

March 29, 2024

Housing Market

The Best Week of 2024 to Sell a Home, According to Realtor.com

According to a new Realtor.com report, the best time to sell in 2024 is April 14–20. That’s about two months off from an earlier Zillow projection highlighting the first couple weeks of June. Byron Lazine addressed the latter in the March 20 Hot Sheet.

March 26, 2024

Housing Market

2024 Housing and Climate Risk Report

According to the 2024 Realtor.com Housing and Climate Risk Report, nearly 44.8% of all U.S. homes face at least one type of extreme climate risk—flood, wind, wildfire, heat, or poor air quality. And that risk is driving up the cost of homeowner’s insurance.

March 23, 2024

Housing Market

Co-Buying, Compromises, and Home Tour Burnout: 2023 First-Time Homebuyers

Opendoor has released the third edition of its First-Time Homebuyer Report, offering real estate agents a detailed glimpse into the realities faced by today’s first-time buyers, including co-buying trends and home tour burnout.

March 20, 2024

Housing Market

Selling in Early June Could Get Home Sellers an Average $7,700 More

New Zillow research shows selling in the first two weeks of June nets homeowners an additional 2.3% (about $7,700), compared to those selling at other times of the year, according to 2023 sales data.

March 14, 2024

Housing Market

Is Price the New Location?

A new nationwide Coldwell Banker survey shows price is more important than location to more than half the surveyed consumers who are looking to purchase a home.

March 13, 2024

Housing Market

Manageable Challenge or Healthy Reset: Agent Sentiment on Decoupled Commissions

The results are in for the third BAM x 1000Watt Agent Sentiment Survey, showing a variety of agent responses to the possibility of decoupled commissions as a result of antitrust commission lawsuits.

March 13, 2024