The homeownership rates of Gen Z and millennials plateaued in 2024, according to a new data report from Redfin (NASDAQ: RDFN). A little more than one-quarter (26.1%) of Gen Zers were homeowners in 2024, essentially unchanged from 2023 (26.3%) and 2022 (26.2%). Before...
A new law signed on Friday by Alabama’s governor will no longer require buyer agreements before agents tour properties with a client. “Great news! Governor Kay Ivey has officially signed HB 230 into law!” announced the Alabama Association of Realtors (AAR) in a social...
A new focus on affordable housing development, a delay in a key confirmation, and an unhappy Chinese leader. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 17-21. Hit: A New Approach to Affordable Housing. This week,...
A total of 404 single-family homes were sold in Rhode Island during February, down 8.8% from the 443 transactions recorded one year earlier. According to data from the Rhode Island Association of Realtors, pending home sales declined from 762 in February 2024 to 685...
New York State set a new housing record in February with inventory reaching a record-breaking nadir while home prices climbed for the 19th consecutive month. According to data from New York State Association of Realtors, the statewide housing inventory plummeted to...
Florida recorded a total of 17,698 closed sales of single-family homes in February, down 7% from one year earlier, while existing condo-townhouse sales totaled 6,503, down 13% year-over-year. According to data from Florida Realtors, the decline in sales was seesawed...
