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Wanted: 7.2 Million Homes to Fill Housing Market Void

Wanted: 7.2 Million Homes to Fill Housing Market Void

by Phil Hall | Feb 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data analysis published by Realtor.com has determined the U.S. housing market is short of up to 7.2 million homes, a deficit fueled by more than a decade of underbuilding relative to population growth. Realtor.com noted that an additional 1.7 million households...
Median Rents Down for Sixth Straight Month

Median Rents Down for Sixth Straight Month

by Phil Hall | Feb 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median rents in January were down for the sixth consecutive month, with year-over-year prices dropping by 0.3%, according to the latest Realtor.com Rental Report. Last month, the median asking rent for 0-2 bedroom units in the 50 largest metros declined to $1,712,...
Housing Inventory Up for Third Straight Month

Housing Inventory Up for Third Straight Month

by Phil Hall | Feb 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes actively for sale during January increased by 7.9% from one year earlier, according to data from Realtor.com, which added median listing prices recorded a growth of 1.4% compared to the same time last year. In January, more than half of the 50...
Median Rents Down for Sixth Straight Month

Median Asking Rents Down in December

by Phil Hall | Jan 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent for 0-2 bedroom properties in the 50 largest metros was $1,713 in December, according to new data from Realtor.com. This is down by $7 (-0.4%) from December 2022 and down $63 (-3.5%) from its July 2022 peak – although it is also $309 (22%)...
Are Housing Inventory Levels on the Rise?

Are Housing Inventory Levels on the Rise?

by Phil Hall | Jan 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of the nation’s 50 largest metro areas record year-over-year increases with their housing inventory levels last month, according to new data from Realtor.com. During December, there was a 9.1% uptick in the number of more newly listed homes compared one...
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