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Housing Market

Home » Housing Market
Housing Market

Property Taxes Rose Nearly 7% in 2023—the Biggest Jump in the Past 5 Years

A recent ATTOM report revealed property taxes on single-family homes increased by 6.8% across the United States in 2023, totaling $363 billion, with significant variations in rates across different states, metro areas, and counties.

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April 9, 2024
Housing Market

Homeowners Are Feeling the Pinch from Rising Homeowners’ Insurance Rates

Research from Fannie Mae and Freddie Mac shows extreme weather has impacted the cost of homeowners’ insurance for the majority of U.S. homeowners—even more for low-income borrowers and those living in disaster-prone areas.

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April 8, 2024
Mark Wahlberg’s “Hollywood 2.0”
Housing Market

Mark Wahlberg’s “Hollywood 2.0” Vision for Las Vegas Set to Create 10,000 Jobs

Hollywood A-lister Mark Wallberg gets the green light to “turn Las Vegas into Hollywood 2.0” with a $1.8B Sony movie studio in Summerlin, which he expects will create 10,000 new jobs.

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April 7, 2024
Housing Market

85% of All Sellers Report a High Level of Service from Their Agent

The National Association of Realtors® has released its 2024 Home Buyers and Sellers Generational Trends Report, showing 85% of all sellers report a high level of service from their real estate agent.

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April 4, 2024
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.

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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.

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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?”

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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.

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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.

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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.

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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.

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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.

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March 23, 2024
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