Data

While rents remain nearly 25% higher compared to the same time in pre-pandemic 2019, rent prices in the expensive West are seeing the largest year-over-year declines, according to Realtor.com's May 2023 Rental Report.

According to the Pew Research Center, the number of Americans living with multiple generations under one roof has quadrupled. More than 59 million people are now living in multigenerational households, with most homes made up of parents and adult children.

According to a new study from StorageCafe, California to Texas is the most popular interstate relocation route in the U.S. Roughly 111,000 people took that route in 2021, with an estimated 46% of people who migrated being millennials.

"High inflation and the Fed's actions to curb it have had a significant impact on the housing market this year. And while inflation has begun to ease, the sustained spike in mortgage rates was enough to stifle the housing market after several years of low rates and strong activity," said Realtor.com Chief Economist Danielle Hale.

A new turnkey application enables the integration of valuable neighborhood data into existing sites or the creation of custom-branded instances for clients.

Even as mortgage rates fall, continued inventory concerns and affordability issues are keeping many on the sidelines as the summer buying season gets underway.

Thirty-plus-year industry veteran brings experience in anti-money-laundering, risk management, and law enforcement to his new role heading up the company’s Financial Crimes and Fraud Solutions Practice.

According to a new report from Redfin, near-7% mortgage rates continue to prevent both would-be homebuyers and potential home sellers from entering the market, despite the construction of new single-family homes nearing their highest level in almost 20 years.

A lack of affordable homes has created millions of “missing households” which are keeping families in shared homes or the rental market.

Based on the current rate of sales, May’s inventory of unsold existing homes grew 3.8% from April to just over 1 million units, equivalent to three months of supply.