Single women are likelier than single men to be homeowners, according to a new report from LendingTree. The report found that this was likely to be the case among younger women with better educational pedigree than their older counterparts. Despite the fact that women’s median take home pay is still 83.6% that of men (per…
A new report from ATTOM Data shows that foreclosure activity in 2024 was on the decline compared to the year prior, a possible indicator of a balanced market and careful lending practices. According to ATTOM’s Year-End 2024 U.S. Foreclosure Market Report, foreclosure proceedings were reported on 322,103 U.S. properties for the whole of 2024—a 0.23%…
Persistently high mortgage rates hovering near 7%, coupled with equally high home prices, have created an affordability crisis that many prospective homebuyers and homesellers are intimately familiar with. These market forces have created somewhat sticky market conditions for existing-home sales, in contrast with new-home sales, which new data shows are on the rise. The latest…
ATTOM Data’s Year End 2024 Home Sales Report has found that homesellers made a $122,500 profit on typical sales in 2024, a return on investment of 53.8%. Although both of these numbers soared to near record levels, the profit margin for median-priced home sales nationwide receded from 56.9% to 53.8%. This decline in profit margin…
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, posted a 0.1% decline for the month of December, reversing course from a 0.4% rise in November—continuing a long-term trend of downward movement. For the second half…
New data from Realtor.com® shows that rental prices continued to decline for the month of December, as the national median asking rent fell below $1,700 for the first time since April 2022. According to Realtor.com, this is a 1.1% decline year-over-year from December 2023. Absorption rates, the share of newly built rental units successfully leased…
Sometimes the best way to structure your team’s day doesn’t spring immediately to mind—a “workflow,” or a planned series of activities that help your team members’ complete a task, is needed. Your team members may need a way to organize their thoughts and tasks in order to maximize efficiency for both themselves and their clients’…
Zoning—one of the more technical aspects of local government and municipal planning—is a topic of importance in the real estate landscape. How local zoning laws affect the way in which people can build, and who is permitted to do what, deeply affects many of the most urgent challenges currently facing housing markets, from affordability to…
Inflation continues to rise after a seven-month decline from early in 2024, reversing the trend seen from March to September, and still falling well short of the target mark of 2% set by the Federal Reserve after seeing a 2.9% rise year-over-year. The Consumer Price Index (CPI)—one of the main measures of inflation—rose for the…
It’s no secret that affordable homeownership seems to be a mirage that many a thirsting wanderer is chasing in a desert of high prices. However, a new report by Realtor.com® may offer some diamonds in the rough for prospective homebuyers who haven’t given up their pursuit. One pitfall that many prospective homebuyers encounter in this…
You can point out that your expertise will result in more potential buyers viewing the home, leading to more offers and a higher selling price. Read more.
