The current housing market is a mixed bag. Trapped in the financial rollercoaster that is gripping the nation, both homeowners and potential homebuyers are experiencing decision paralysis. With the barrage…
The spread of work-from-home arrangements amplified homeowners’ desire to upsize, with American condo-dwellers rethinking their space, as well as their proximity to neighbors. But is this attainable? Can condo owners even…
Homeownership is more doable in some cities than in others: The cost of the first year of ownership in Canada’s most populous cities ranges from $74,342 in Saguenay, QC, to…
Key Highlights: The median homeowner tenure in New York City was 8.1 years in 2022, up one year compared to 2019. This means that owners who sold their homes in 2022 had been living in them longer than sellers from 2019. New Yorkers’ preferred housing type was the two-to four-family home, followed closely by the single-family home. Owners spent 10.1 and 9.2 years in these homes — much longer than co-op owners, who sold after…
Key Highlights: California’s 30 largest cities posted significant differences in homeowner tenure in 2022: Salinas residents spent 9.3 years in their home before selling it, while owners in Elk Grove…
Compared to their spring price peak, condo prices only contracted by 4.4%. However, single family home prices decreased by 8.6% nationally. Condo prices decreased in 65 of the 100 largest U.S. cities, while single family home prices fell in 88 markets. If price contraction patterns point to stronger demand in the condo market, then so do the price increases: Condo prices grew in 33 large cities, whereas single family home prices continued their upward trend…
Today’s treacherous housing landscape has made home-seekers savvier when it comes to sifting through listings and determining which ones to focus their time, effort and money on. And, while the…
Aggressive rate hikes (after the latest increase, the average mortgage rate hovers around 7%), coupled with sky-high home prices mean buyers are bleeding money. But, aside from losing purchasing power,…