Data

Many Americans who were priced out of California moved in search of more affordable housing during the pandemic buying frenzy. The latest analysis from Redfin reports Nevada and Arizona lost Democrats but gained Independents as Californians migrated to majority-Republican states.

As the housing market continues to rebalance, a new Zillow survey of agents reveals the top misconceptions among aspiring homebuyers and sellers.

According to the new Knock Sellers-Buyers Market Index, of the top-100 largest metropolitan markets, 98 of them reported home price declines in September, while 15 markets reported home prices falling by more than 10% from their highs set earlier this year.

According to a new survey analysis from the National Association of Realtors, while the share of first-time homebuyers has dropped to record lows, the share of homes purchased in small towns and rural areas reached record highs.

According to October’s Monthly Housing Market Trends Report from Realtor.com, data showed nationwide inventory of active listings grew 33.5% year-over-year to a two-year high.

“The Brookings Institute showed a robust relationship between lower valuations and Black neighborhoods,” wrote Jonathan Liles, Senior Financial Analyst for the FHFA.

New data from HUD revealed an 11% drop in Veteran homelessness from 2020, the largest decline in 5 years, representing an overall 55% reduction in Veterans experiencing homelessness since 2010.

Diminished demand in the housing market has been further dampened by erratic mortgage rates, which dipped slightly this week, as affordability issues continue to put buying significantly out of reach for many.

As inflation continues to affect Americans nationwide, the Young American Renter Survey from Grubb Properties revealed it is also the main financial concern for young renters, influencing their decision to draw back from buying a home.

The latest NAR Report revealed eSignature, Lockbox, and MLS apps/technology as the three most impactful technology tools on Realtors’ businesses, with cybersecurity, 5G, and drones expected to have the biggest impact on real estate in the next two years.