Items Tagged with 'Housing'

ARTICLES

  • ATTOM: Foreclosure activity climbs slightly in August, but is still down 24% from last year

    Foreclosure starts increased as well
    Foreclosure activity increased slightly in August, but is still down nearly 25% from last year, according to new data from ATTOM Data Solutions. ATTOM's report shows that there were 53,007 properties with foreclosure filings in August 2019, up 4% from July 2019 but down 24% from a year ago.
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  • The top 5 markets for multifamily rents

    Only two large metros made the cut
    The national average for cost of rent rose $3 in July from the prior month to $1,469 according to Yardi Matrix. That's a gain of 3.4% from a year earlier, the real estate data firm said. Yardi Matrix ranked the top five markets for multifamily rent growth. Those metros have two things in common: a solid job market and steady population growth.
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  • HUD awards $75 million to combat youth homelessness

    $32 million more than last year's funds
    Programs designed to combat homelessness in 23 communities across the country are getting $75 million in funding from the Department of Housing and Urban Development, a jump from last year's $43 million in awards. HUD’s Youth Homelessness Demonstration Program offers rapid rehousing, permanent supportive housing, transitional housing and host homes to communities.
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  • July’s decline in pending home sales proves the nation needs more housing inventory

    The Pending Home Sales Index falls 2.5% to 105.6
    The nation’s lack of housing inventory lead to a decrease in pending home sales, pushing the index backward 2.5% in July, according to the latest report from the National Association of Realtors. NAR's Chief Economist Lawrence Yun said although economic uncertainty is holding back some potential demand, what is desperately needed is more supply of moderately priced homes.
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  • ATTOM: Opportunity Zones have median home prices below national level

    Almost half of homes are below the national average
    Much of the discussion thus far surrounding Opportunity Zones has been around investment in commercial or multifamily real estate, but what about residential real estate in those areas? A study from ATTOM Data Solutions shows that 80% of Opportunity Zones were found to have median home prices that were below the national figure of $266,000. Half had median prices less than $150,000.
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  • Here are the best markets for real estate

    300 cities were compared
    Which cities are the best real estate markets and which are the worst? If you're a real estate agent, real estate investor, homeowner, homebuyer, or considering moving, you'll likely want to know the answer to that question. And lucky for you, we have a good look at the best and worst markets for real estate, courtesy of WalletHub.
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  • Here are the top destinations for movers in the U.S.

    Affordability and location are key
    While most people who move tend to stay relatively close to where they were before, that doesn't mean that others aren't willing to pack up and move to a whole new city or state. New data from Realtor.com shows that the typical homebuyer may only move up to 15 miles away from home, but others are attracted to metros that offer housing affordability, strong employment and other factors.
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  • Manhattan apartment rents rise as New Yorkers delay home purchases

    New purchase taxes has buyers "camping out" in rentals, says Douglas Elliman
    The median rent for a Manhattan apartment rose to $3,595 in July, a 5.7% gain from a year earlier, and reached a new high of $3,000 in Brooklyn, up 1.7%, as potential homebuyers waited to see what effect the state’s “mansion tax” would have on New York’s real estate. “This is partly a result of the ongoing uncertainty in the sales market, with potential buyers still camping out,” said Hal Gavzie, executive manager of leasing for Douglas Elliman.
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  • Americans spent an average of $9,081 on home improvements in 2018 alone

    Fixing damage, defects or decay cited as top reason for spending money on improvements
    Digital marketplace HomeAdvisor indicates that consumer spending on home improvement projects has increased by 17% since last year. According to the company’s State of Home Spending Report, American homeowners are now spending more money on home improvements than home maintenance.
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