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 who changed homes did so after just 2.3 years, on average. Boasting the second- and third-longest tenures, Fremont and San Diego nevertheless trailed Salinas: Here, residents stayed put around 6 years before becoming antsy. Of the top 5 largest cities, San Diego residents spent the…
Canadian homeowners spend 24% (or almost $300) more than renters on monthly shelter costs. Major Ontario cities boast the most expensive housing costs: Homeowners in 9 cities (including Toronto, Brampton…
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,…

