Residential

The Rise of Build-to-Rent Communities: A Solution to America’s Housing Crisis?

Rental Property, Residential / By

Published by FOX Business | June 12, 2024 Build-to-rent single-family homes grew from 5% to 10% in 2023, according to the National Association of Realtors While many Americans wait for potential relief in the housing market, some real estate developers are taking advantage of the high demand within the market and investing in “build-to-rent” neighborhoods, …

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Investor Home Purchases Surge for First Time in Two Years: Impact on Buyers

Investments, Residential / By

Published by CNBC | June 4, 2024 Real estate investor activity jumped 0.5% from a year ago, according to Redfin – the first increase in activity since mid-2022 Consumers confronted with high housing prices sometimes point to private equity when buying homes as a contributing factor. However, experts say that while the housing market has …

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The Price Per Square Foot of an Average U.S. Home Has Jumped More Than 50% Since 2019

Housing Market, Residential / By

Published by REALTOR.com | June 5, 2024 The latest monthly housing report from Realtor.com® reveals that the typical listed price per square foot grew by a whopping 52.7% from May 2019 to May 2024. A home’s price per square foot is a somewhat overlooked real estate feature. When shopping for a house, buyers are usually …

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Rising Insurance Rates May Stop Many From Purchasing Their Dream Home

Insurance, Residential / By

Published by Forbes.com | May 31, 2024 With double-digit home insurance rate increases, some potential homebuyers may find it difficult to purchase a home. Here’s what you need to know. It comes as no surprise that if you plan on purchasing a house, you’ll also need to get home insurance. However, the cost of homeowners …

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Renters Fear Missing Out On Homeownership — Except One Group

Rental Property, Residential / By

Published by Forbes.com | May 15, 2024 Housing affordability issues continue to make homeownership more of a dream than a reality for many people. Housing affordability issues continue to make homeownership more of a dream than a reality for many people. But those who can’t afford to buy a house are finding that renting is …

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Wall Street Has Spent Billions Buying Homes. A Crackdown is Looming.

Investments, Residential / By

Published by FOX Business | April 29, 2024 Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again. Democrats in the U.S. Senate and House have sponsored legislation …

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Mortgage Rates Just Topped 7%, Triggering a ‘Sense of Helplessness’ for Many Would-Be Homebuyers

Interest Rates, Mortgages, Residential / By

Published by REALTOR.com | April 18, 2024 These higher rates are frustrating homebuyers and sellers, thwarting many of their plans. Mortgage rates are back up above 7%. Even worse, rates could rise further after U.S. Federal Reserve Chair Jerome Powell said policymakers were in no rush to cut rates while inflation remains stronger than anticipated. …

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SCOTUS Rules in Favor of Owners in Property Fee Dispute

Legal, Residential / By

Published by Realtor Magazine | April 15, 2024 NAR, along with other housing groups who chimed in on the case, call the unanimous Supreme Court ruling a major win for property rights. The U.S. Supreme Court ruled unanimously on Friday that the government cannot demand hefty development fees from property owners in exchange for building …

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Buyers of Newly Built Homes Can Face a Property Tax Surprise

Residential, Taxes / By

Published by CNBC.com | April 9, 2024 First-time homeowners often face sticker shock on their mortgage payments after the first year of ownership It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of …

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