The Number of "Million-Dollar Cities" spiked sharply in 2020
BY BRAD BECKETT ON JANUARY 14, 2021
Zillow says that the typical home value in the U.S. is about $263k, however the number of "million-dollar cities" spiked sharply in 2020. According to their analysis, million-dollar cities are those with a typical home value of at least $1 million. Click here to read more.
Read moreInventory Sinks as New Home Prices See Continued Growth
BY BRAD BECKETT ON JANUARY 14, 2021
On a recent episode of Real Estate News for Investors, Kathy Fettke discusses how inventory has hit a new low while home prices are continuing to rise as well as other recent news affecting the real estate market. Click here to read more.
Read moreRental Home Construction Climbs as Purchase Prices Surge
BY BRAD BECKETT ON JANUARY 13, 2021
According to recent analysis from the Wall Street Journal there hasn't been this many single-family homes under construction in the U.S. since 2007. However, as they point out, many of these new homes won't be up for sale but are being built solely for rent. Click here to read more.
Read moreAmericans Are Moving West and South
BY BRAD BECKETT ON JANUARY 13, 2021
In their 44th annual National Movers study, United Van Lines says Americans are moving west and south - with the Coronavirus pandemic further accelerating those moves. According to the report, Idaho had highest percentage of inbound migration with New Jersey experiencing the largest percentage of outbound moves. Click here to read more.
Read moreAmerica's 2020 Rental Market in Review
BY BRAD BECKETT ON JANUARY 12, 2021
Rentable (formerly known as ABODO) says most Americans will be happy to have 2020 behind them - especially after dealing with the Coronavirus pandemic for most of the year. Their recent 2020 Rental Market Review says that nationally, rents, on average, went up however some larger metro areas saw steady declines. Click here to read more.
Read moreOwning More Affordable Than Renting in Almost Two Thirds of Housing Markets
BY BRAD BECKETT ON JANUARY 11, 2021
Owning a home is more affordable than renting in nearly 2/3 of America's housing markets, according to ATTOM Data's 2021 Rental Affordability Report. Click here to read more.
Read moreNMHC Says 76.6% of Apartment Households Paid Rent by January 6th
BY BRAD BECKETT ON JANUARY 11, 2021
The National Multifamily Housing Council (NMHC) says that 76.6% of apartment households made a full or partial rent payment by January 6th, 2021. Click here to read more.
Read moreTop 10 Housing Markets for 2021
BY BRAD BECKETT ON DECEMBER 31, 2020
What will be the top markets for real estate in 2021? Realtor.com says the top 10 markets for 2021 have substantial momentum from 2020 that will carry them into 2021. Click here to read more.
Read moreS&P CoreLogic Case-Shiller Index Up 8.4%
BY BRAD BECKETT ON DECEMBER 30, 2020
According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 8.4% annual gain in October, 2020. Click here to read more.
Read moreTop 10 U.S. Counties with Foreclosure Starts
BY BRAD BECKETT ON DECEMBER 30, 2020
According to November's U.S. Foreclosure Market Report from ATTOM Data, foreclosure filings were down 14% from one year ago, with just over 10k U.S. properties with foreclosure filings in November. Click here to read more.
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