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Realtor.com: Rent Prices Down 1% in June

by Phil Hall | Jul 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. residential rent prices were down 1% year-over-year in June, according to new data from Realtor.com. June marked the first year-over-year decrease in rent for one-bedroom units since 2020, following the first such drop in rent for two-bedroom units in May....
US Median Home Price in First Year-Over-Year Decline Since 2017

US Median Home Price in First Year-Over-Year Decline Since 2017

by Phil Hall | Jun 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. median home listing price was down by 0.9% year-over-year, according to data from Realtor.com. This marked the first yearly decline since 2017, when Realtor.com began to track this data. In June, the U.S. median list price was $445,000, up from $441,000 in...
Renters Starting to See Some Relief in Housing Costs

Renters Starting to See Some Relief in Housing Costs

by Phil Hall | Jun 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking monthly rent in the nation’s 50 largest metros dropped by 0.5% year-over-year last month to $1,739, according to new data from Realtor.com, which added that while rent prices increased nationwide by $3 from April, they were still down $38 from the...
Realtor.com Revises Housing Forecast for Second Half of 2023

Realtor.com Revises Housing Forecast for Second Half of 2023

by Phil Hall | Jun 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Realtor.com has updated its housing forecast for the second half of the year, with predictions for a less onerous mortgage rate level and fewer home sales. The revised forecast points to mortgage rates averaging 6.4% throughout the year before sliding to 6.1% by...
University of Iowa lists dorm for sale at $45 million

University of Iowa lists dorm for sale at $45 million

by Phil Hall | Jun 22, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The University of Iowa has taken to Realtor.com to list one of its residence halls for sale. According to a report from Inside Higher Education, the 326,000-square-foot building in Iowa City is being offered as a “multi-family” property with 523 furnished rooms, a...
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