A new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reveals that housing starts rose by 15.8% in December, reaching a seasonally adjusted annual rate of 1.50 million units — the highest level since February 2024. Driven by strong demand, single-family construction saw growth in December 2024, despite…
According to Redfin, approximately 14% of homes within the perimeters of the Palisades and Eaton fires in the Los Angeles area have been destroyed or damaged. This amounts to 6,354 homes, of which 5,449 (86%) were completely destroyed, and 905 (14%) sustained damage. On a broader scale, these fires affected 0.17% of all homes across…
Achieving success in the real estate industry today goes well beyond traditional marketing. Buyers often start online, browsing listings, reading neighborhood guides, and comparing properties from their phones or laptops. Agents and brokers should rethink how they present homes, manage data, and maintain client relationships to stay relevant. A well-planned digital strategy with reliable information,…
Hotels and cruise ships across America are going to be very busy in late 2024 as AAA predicts that 119.3 million people will travel 50 miles or more from home during the year-end holiday period, spanning Saturday, December 21, 2024 to Wednesday, January 1, 2025. This projection slightly exceeds the previous record set in 2019…
Marking 8 consecutive months of growth says CoreLogic’s S&P Case-Shiller Index Like many economic metrics, the journey toward stabilizing the U.S. housing market is fraught with challenges. Although there has been a modest recovery in home sales and inventories from last year’s lows, elevated mortgage rates continue to hamper affordability, deterring many potential buyers. Despite…
According to the latest U.S. Rental Report from Realtor.com, residential rents in March 2024 continued to fall for the eighth month in a row, with a year-over-year decrease of 0.3% across various unit sizes. Despite this trend, the median rent stood at $1,722, just $36 below its peak in August 2022, yet $313 higher than…
Around 40 percent of U.S. renters also believe homeownership is out of reach According to a recent survey by national property broker Redfin, almost 58% of U.S. homeowners feel they probably couldn’t afford to repurchase their current homes at today’s prices and mortgage rates. This insight comes from a survey carried out in February 2024…
As U.S. lenders chase an increasing number of delinquent mortgages in 2023 According to ATTOM’s newly released fourth-quarter 2023 Vacant Property and Zombie Foreclosure Report, almost 1.3 million (1,294,505) residential properties in the United States are vacant. That figure represents 1.27 percent, or one in 78 homes, across the nation – virtually the same as…
According to new research by CBRE, Asia Pacific electric vehicle (EV) sales have seen exponential growth in the past two years, accounting for nearly two-thirds of global auto sales. The soaring demand for charging facilities across the region provides the opportunity for commercial real estate owners to enhance their assets with EV charging installations. CBRE…
According to AAA, two months following the devastating wildfires in Maui, most of West Maui will begin to reopen to visitors on Sunday, October 8, 2023. The tragic wildfires killed 97 people and destroyed much of the historic town of Lahaina. The loss of life, property, cultural and historic sights, and livelihoods has led to…