Affordability declined in 49 of the 50 major markets according to the May 2021 First American Real House Price Index.
As population booms with transplants to Florida, real estate prices are skyrocketing for rentals and sales.
At the same time, the median existing-home price for all housing types in May was up 23.4% on an annual basis, as every region in the country registered price increases.
Meanwhile, the Mortgage Bankers Association’s seasonally adjusted purchase index rose 8% from the previous week.
Two of the largest leaders in the real estate market are joining forces to form a new mortgage origination company.
The Champlain Towers South collapse emergency is ongoing, and some experts say they expect condo sales, in what was a roaring condo market in Miami, to struggle from the impact. What can agents, sellers and buyers anticipate?
Millennials were once referred to as the “renter generation” because of their preference for apartment living in urban areas over purchasing a home in the suburbs like their Baby Boomer parents.
Home prices continued to gain steam in April, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which showed a 2.1% increase from March and a 14.6% increase from a year earlier.
The real estate investment and land asset-management company has identified 17 near-term development opportunities and is in advanced negotiations to develop build-to-rent communities with about 2,500 units across the country.
Nationwide multiple listing service My State MLS integrated what3words, a free app that makes it easier to guide agents and clients to an exact location.