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…
Yet home and condo prices hold steady last month Las Vegas Realtors are reporting this week that prices for local Southern Nevada homes and condos are holding steady, matching prices from one year ago. LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during September…
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…
According to a new Redfin-commissioned survey, nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating. Daryl Fairweather “Getting ghosted by your date is stressful, but purchasing a home in today’s market comes with its own unique set of anxieties,” said Redfin Chief Economist Daryl Fairweather. “Buyers are increasingly…
Measurabl, the world’s most widely adopted ESG (environmental, social, governance) platform for real estate, has secured a significant partnership to provide sustainability due diligence (DD) on all commercial real estate (CRE) loans issued by Voya Investment Management (Voya IM). This is a notable milestone for Measurabl’s new due diligence offering, as it demonstrates its ability…
Based on ATTOM’s newly released third-quarter 2023 Vacant Property and Zombie Foreclosure Report, 1.3 million (1,277,612) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 79 homes, across the nation – the same as in the second quarter of this year. The report also reveals that 315,425 residential…