A new report by Real Estate Witch shows home values in states with recreational cannabis are six figures above those of states without.
Housing market updates from Zillow and Redfin show a decline in home values from August to September, an uptick in annual price growth, and a slight increase in active listings as elevated mortgage rates drive buyers away from the market.
The latest market report from Zillow shows monthly upticks in both home values and new listings for August 2023, despite high mortgage rates. Inventory remains more than 40% below pre-pandemic norms.
Zillow released its May 2023 Housing Market Report, showing a 1.4% monthly increase in home prices and a 0.9% annual increase. Buyer competition for available homes is driving up prices as high mortgage rates deter would-be sellers, keeping inventory low.
New home price forecast updates from NAR, CREA, CoreLogic and Zillow indicate an increase in home values across the U.S. and a decline in home values in Canada.
Byron Lazine and Tom Toole discuss the latest FOMC meeting minutes, what to expect from the Federal Reserve in March, the housing market’s loss of $2.3 trillion in home values, Fannie Mae’s revised forecast, and the best business plan for agents in 2023.
A new Redfin report reveals a $2.3 trillion loss in home values since the June 2022 peak, largely due to rising mortgage rates, with the Bay Area losing the most home value and homes with high climate risk faring as well or better than homes with low risk.
ATTOM released their 2022 Grocery Store Wars analysis, revealing which specific grocery store chain — Trader Joe’s, Whole Foods, or Aldi — is best for homeowners and which is best for investors.
According to a new Zillow analysis, home values need to drop 24.7% drop to reach 2005-2021 mortgage affordability norms.
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