U.S. Housing Market Updates
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Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
“We know what needs to be done, so let’s just do it,” said DeSantis. “And we will do it.” Continue Reading Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
He claimed “I don’t think that we should have billionaires” because of perceived income inequality gaps. Continue Reading Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024
72.9% of Gen Xers owned their home in 2024, up from 72% in 2023. Continue Reading Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024
New Alabama Law Changes Timing of Buyer Agreements
“Great news! Governor Kay Ivey has officially signed HB 230 into law!” announced the Alabama Association of Realtors. Continue Reading New Alabama Law Changes Timing of Buyer Agreements
Hits and Misses for the Real Estate Week of March 17-21
A new focus on affordable housing development, a delay in a key confirmation, and an unhappy Chinese leader. Continue Reading Hits and Misses for the Real Estate Week of March 17-21
Climate & Environmental Risks in 2023’s Hottest Housing Markets
As the impacts of intensifying climate and environmental risks continue to be felt across the nation, many of 2023’s predicted hottest real estate markets could expose individuals to unexpected hazards, according to a recent report released by AreaHub. ...
Best and Worst ROI on Common Remodeling Projects Nationwide Revealed
Zonda Media has published the 36th annual Cost vs. Value (CVV) report detailing the most worthwhile home renovations that deliver the best return on investment. The report reveals that exterior replacement projects continue to provide a higher return on investment...
The 50 Best Markets in the U.S. to Buy Single-Family Rental Properties
ATTOM, a curator of land, property, and real estate data, released its Q1 2023 Single-Family Rental Market report, which ranks the best U.S. markets for buying single-family rental properties in 2023. The report analyzed single-family rental returns in 212 U.S....
New Online Marketplace Plans to Simplify 1031 Exchanges for Ag Investors
Ten31 Farms, an online real estate marketplace, has launched an online marketplace it says will simplify 1031 exchanges for accredited investors in the farming and agricultural sector. According to Section 1031 of the U.S. Internal Revenue Code, an investor may sell a...
Redfin: Almost Half of Home Sellers Now Making Concessions to Buyers
A record 13% of home sales include a price cut and a final sale price below the list price in addition to concessions, which often include money toward repairs and mortgage-rate buydowns, according to new data from Redfin. Home sellers gave concessions to buyers in...
The Shifting Boomer Bulge: More bad news for America’s housing crisis?
Source: Placemakers --- This is the first part of a two-part conversation with Arthur C. (Christian “Chris”) Nelson, professor emeritus of urban planning and real estate development at the University of Arizona, as well as presidential professor emeritus of city and...
Chicago Housing Market Forecast
Source: US News --- If you ask people to name a city known for its deep-dish pizza, Bears (and Cubs) and mobster history, nobody would second-guess the great Windy City, Chicago. Chicago experienced lower home price appreciation than most cities in the U.S. in recent...
The U.S. Has Lost 58 ‘Million-Dollar’ Cities Since the Housing Market Peaked Last July
Source: Yahoo! Finance --- In this article: There are currently 464 U.S. cities where the typical home value is $1 million or more. There were 522 at the housing market’s peak last July. There are 190 of these “million-dollar” cities in California alone, more than...
The housing market just took a turn, and international buyers are back
Source: Fast Company --- From the rolling hills of Portugal’s Douro Valley to the Andean foothills of Argentina, there is a common dream among the international luxury consumer—owning a property in the United States. It might be a modern mansion amid Hollywood’s...
Investment Conditions in Multifamily Apartments Continue to Fall in the Fourth Quarter of 2022
The Freddie Mac Multifamily Apartment Investment Market Index® (AIMI®) fell by 7.6% in the fourth quarter of 2022, with the index down 25.8% year over year. AIMI decreased nationwide and in all 25 markets quarterly and annually, driven primarily by rising mortgage...
