Demand Expands to Hot Inland Markets

California’s domination as the hottest housing state is weakening, as other affordable markets trend up, according to the latest ranking by realtor.com®. California dipped out of the top five markets for the first time in six years, with the Bay Area finishing at No. 6. Close to half of the top 20 markets in the […]

The post Demand Expands to Hot Inland Markets appeared first on RISMedia.

Rents Stir Up to Sustainable Trend

Appreciation heated up on rentals this spring, with the May median monthly rent totaling $1,440, an increase of 2.1 percent year-over-year, according to the May Zillow® Real Estate Market Report. Last May, the increase in median rent was 0.7 percent. “Over the past two years, rent growth slowed across the country as new apartments hit […]

The post Rents Stir Up to Sustainable Trend appeared first on RISMedia.

Harvard: Crawl in Incomes Led to Unaffordability

Over the course of the past 30 years, Americans’ earnings and the economy have been on parallel paths, but at mismatched strides. Now, homebuyers are paying for it. Affordability continues to be a headwind for housing, according to the Harvard University Joint Center for Housing Studies, which recently released The State of the Nation’s Housing, […]

The post Harvard: Crawl in Incomes Led to Unaffordability appeared first on RISMedia.

Will Carson’s new HUD centers reduce the need for housing assistance?

The program’s ambitious goals are to increase employment and business ownership, enroll more individuals in college and GED programs, increase physicals and prenatal visits at federal health centers, increase civic engagement — and more.

Appreciation Today Is Mirroring the Pre-Recession Sprint

Appreciation currently is at its fastest since June 2006, just ahead of the downturn, according to the April Zillow® Real Estate Market Report. Nationally, the median price is $215,600, growing at an 8.7 percent rate year-over-year, according to the Zillow Home Value Index (ZHVI), a gauge of median prices. Before the bubble burst, prices were […]

The post Appreciation Today Is Mirroring the Pre-Recession Sprint appeared first on RISMedia.

Midyear Update: Flat Forecast for Home Sales This Year

For the foreseeable future, the housing market will be plagued by scarce supply, according to presenters at the 2018 REALTORS® Legislative Meetings & Trade Expo, held recently in Washington, D.C. With the economy and employment encouraging growth, home sales will be subdued, though still on an uphill track, according to National Association of REALTORS® (NAR) […]

The post Midyear Update: Flat Forecast for Home Sales This Year appeared first on RISMedia.

Seattle imposes $275 ‘head tax’ to combat homelessness

Real estate agents and brokers are not tossing their hats in the air this week with the news that the city of Seattle is adding a tax to large businesses of $275 per full-time worker per year to help combat homelessness, which is a big problem in the city.

Appreciation at Quicker Pace, Up 5.7 Percent

Appreciation grew quicker in the first quarter of 2018, up 5.7 percent year-over-year, according to the latest quarterly report by the National Association of REALTORS® (NAR). “The worsening inventory crunch through the first three months of the year inflicted even more upward pressure on home prices in a majority of markets,” says Lawrence Yun, chief […]

The post Appreciation at Quicker Pace, Up 5.7 Percent appeared first on RISMedia.

Drought Intensifies for Starter Supply

There is all-but-dried up inventory on the market—and, for buyers at the entry level, any available homes are likely priced out of reach, according to the March Zillow® Real Estate Market Report. “This year’s home-shopping season is shaping up to be even crazier than last, and, sadly, the group that will have the hardest time […]

The post Drought Intensifies for Starter Supply appeared first on RISMedia.

Across the U.S., Affordability and Inventory Remain Unbalanced

Fewer homes are priced within reach today, according to the REALTORS® Affordability Distribution Curve and Score from the National Association of REALTORS® (NAR) and realtor.com®. Affordability is being challenged by increasing prices and rates, the report states. Affordability is most untenable in California, Hawaii, Montana, Oregon, Rhode Island and Washington, D.C.—all with “Affordability Scores” considerably […]

The post Across the U.S., Affordability and Inventory Remain Unbalanced appeared first on RISMedia.