As homebuyers relocate at unprecedented levels, home prices in many once-affordable metros have surged and priced out many would-be buyers—a dynamic that’s being exacerbated by rising mortgage rates. But a handful of popular migration destinations, mainly in the South, are still relatively affordable, according to a new report from Redfin, the technology-powered real estate … [More]

ATTOM, a leading curator of real estate data nationwide for land and property data, today released a new Single-Family Rental Market report showing that profit margins on 3-bedroom single-family home rentals are declining annually in 2022 across most of the United States, and are slightly more likely to decline in areas that already have lower yields. The … [More]

Demand for homes is falling, but homes are still selling fast as the buyers who remain rush to beat rapidly rising Homebuyers may finally start to notice signs that the market is shifting toward their favor, as more sellers came to the market during the four weeks ending May 15, according to a new report from Redfin, the technology-powered real estate brokerage. New listings … [More]

Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021, according to a new report from Redfin, the technology-powered real estate brokerage. That’s down from a revised rate of 63.4% a month earlier and 67.4% a year earlier, and marks the second-consecutive monthly … [More]

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment. Increases in the indexes for shelter, food, airline fares, and new … [More]

The NFIB Small Business Optimism Index was unchanged in April, remaining at 93.2 and the fourth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the next six months decreased one point to a net negative 50%, the lowest level recorded in the 48-year-old survey. Inflation continues to be a problem for … [More]

In April, the U.S. supply of active listings posted the smallest year-over-year decline (-12.2%) since the end of 2019, led by gains in the share of mid-sized homes New data suggests that the U.S. housing supply is readying to rebound, as active listings posted the smallest year-over-year declines (-12.2%) since December 2019, according to the Realtor.com® … [More]