The top 20 largest, highest-priced U.S. cities are prohibitive for most aspiring homebuyers: The median home price in Irvine, CA; San Francisco, CA and San Jose, CA is well above
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U.S. Real EstateResearch
A Decade in Residential Construction: New Construction Stays Strong, but Permits Are Falling
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…
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The typical Broward County homeowner spent 6.8 years in their home before selling in 2022, which was a comeback to 2019, pre-pandemic figures. After a brief period of time in…
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When buying a home, no one thinks about how soon they’ll sell it. But, judging by how long the typical Miami homeowner held onto their property, that time comes much…
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ResearchU.S. Real Estate
Valentine’s Day Prices Getting Spicy: 17% More for a Romantic Dinner in 2023, Flowers & Cards Stay Within Budget
The year debuted with news of nationwide layoffs and increased concerns surrounding inflation, and rising cost of living. And, with January already gone, one thing is certain: It’s getting harder…
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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…
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U.S. Real EstateResearch
A Tale of 2 Markets: Amid Price Drops, Condos Hold Up Better Than Single Family Homes
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…
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U.S. Real EstateResearch
Affordability Crisis Update: Current Homebuyers Lost More Than Just Buying Power
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,…
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The most expensive zip codes are almost always synonymous with the most desirable zip codes. These are areas of wealth and luxury where a sprawling living space is a given…
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ResearchU.S. Real Estate
Starter Homes & Where to Find Them: The Once-Ubiquitous Entry-Level House Is Becoming the Stuff of Myths
Based on the latest renter income figures, starter home prices and mortgage rates, in October, renters in Los Angeles and New York only earned 30% and 34%, respectively, of the…
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 Housing Buzzwords: Home Descriptions Rely on Space & Outdoor Features to Attract Home-Seekers
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…