Fox Business

Redfin CEO Glenn Kelman pulled the curtain back on the U.S.' "somewhat slow" real estate market during an appearance on "Cavuto: Coast to Coast."

Redfin CEO says housing market is in a 'funk' as homebuyers weigh election uncertainty

24/7 Wall St.

Home prices are at an all-time high in the United States. After rising year-over-year for 11 consecutive months, the median sale price of existing homes hit a record-breaking $419,300 in May 2024, according to a new report from the National Association of Realtors. High prices are largely attributable to a lack of inventory, as high […]
The post Cities Where Home Prices Are Actually Falling appeared first on 24/7 Wall St..

Cities Where Home Prices Are Actually Falling

GOBankingRates

According to an annual report from the National Association of Realtors (NAR), first-time home buyers were responsible for 32% of all home purchases in 2023, up from 26% the prior year. However,...

How Gen Z’s Approach to Real Estate Could Impact the Housing Market

Dallas, TX

San Antonio, TX

Selling a home right now can be challenging for any homeowner due to limited inventory and rising home prices. For Baby Boomers who are looking to downsize, the housing market could prove to be even more challenging as many homes do not meet the criteria of aging in place. According to online real estate marketplace OpenDoor, the Baby Boomer generation owns about 32 million homes in the U.S., but less than 40% of homes have basic features for aging, such as step-free entryways and bedrooms on the first floor, among other features. While this is the case across most of the U.S., some cities have more aging-friendly homes to offer than others. In a list of the top aging-friendly housing markets, many Texas metros secured the top spots, with San Antonio ranking first, followed by Houston and Dallas.

10 Best Housing Markets for Seniors

Business Insider

The "Million Dollar Listing" agent revealed the top five US cities where home prices are set to spike, from Atlanta to San Diego.

These are the 5 US cities you should buy a home in before you get priced out of the housing market, says 'Million Dollar Listing' real estate investor

Georgia State

The pandemic sent the U.S. housing market into a spiral. Skyrocketing demand, inflation, rising interest rates, and dwindling supply have resulted in higher home prices. However, some housing markets in the South and Gulf areas are pretty “cool” at the moment. While no U.S. housing market has been immune to high home prices and rising interest rates, owning homes in these regions faces an additional hurdle. Homeowners’ insurance premiums have risen, which has made owning a home in these areas more expensive.

In Less Than a Year, You’ll Regret Not Having Bought Property in These 20 Housing Markets

San Francisco, CA

San Jose, CA

San Jose is the most undervalued housing market in the U.S. Across the U.S., home prices are skyrocketing, causing many prospective buyers to continue renting. Despite elevated prices, some markets offer a better return on investment than others. GoBankingRates put together a list of the 10 most undervalued housing markets in the U.S. The No. 1 most undervalued market is San Jose, Calif., followed by San Francisco, and then Clewiston, Fla. In these markets, the difference between average home value and median list price is $238,665, $180,604, and $93,964, respectively.

10 Most Undervalued Housing Markets in the US

New York Post

A Sydney landlord has advertised an enclosed balcony for rent at $969 a month, as the dire state of Australia’s housing market is laid bare.

NYC tenant makes life living hell for neighbors by running naked through hall, bashing walls with hammer: ‘We’re all terrified’

The Facebook Marketplace listing describes the balcony in Haymarket in Sydney’s inner suburbs as a “sunny room” that is fit to accommodate one person.

Images show the room decked out with a single bed, a mirror, blinds and a rug over what is likely tiled flooring.

How Baby Boomer ‘Boommates’ are beating inflation and loneliness: ‘I’m happy as a...

Balcony with single mattress listed for nearly $1K a month as housing prices soar

As of Q1 2024, the average sales price of homes sold in the United States was $513,100, according to the Federal Reserve Bank of St. Louis. Housing prices across the board have been on a steady rise over the past 60 years or so, though certain periods have seen dips. Even these have always corrected themselves after a few years, though.

8 Best and Worst States To Buy Property in August 2024, According to Housing Market Experts

Fortune

Renters are getting better deals on apartments now, but asking rents are still considerably higher than pre-pandemic. For years, it’s felt as if rent has gotten out of control. And that’s partially true, considering median rent prices are more than 21% higher today than they were in 2019. But rents are starting to drop ever so slightly.

Renters finally get some good news as power begins to swing away from landlords

While most agents are headed toward beach towels and piña coladas, summer is your prime time to hone in on your business and set yourself up for dominating the second half of the year. Join us for BAM BBQ, our FREE virtual event on July 17 to do just that! Sign up here.

Why 89% of Home Sellers Have Regrets

The housing market looks far different than it did when the pandemic was just starting. These charts help explain why. It's no secret that the housing market looks far different than it did a few years ago. While surging mortgage rates and housing prices have taken away consumers' purchasing power,...

The housing market, explained in 6 charts

Motherly

Teen participation in the job market has reached levels not seen since the Great Recession.

Inflation causing more teens to enter workforce to help their families pay bills

Foreclosure filing for the first half of 2024 fell from the same time in 2023, but some states have seen alarming spikes so far this year, according to a new report.

These states have the highest foreclosure rates in the US

Big city living has its advantages, including more amenities like parks and businesses compared to smaller cities in the U.S. But when moving to some of the largest cities in the U.S., it’s vital to consider the seemingly ever-rising prices of apartment rentals. Spoiler alert: New York City and...

10 Big American Cities with the Cheapest Rent Prices. American Renters, Take Note

North Carolina State

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Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

Las Vegas, NV

Deals are falling through as buyers grow selective and the reality of high housing costs hits home. Nearly 56,000 home-purchase agreements were canceled in June, equal to 14.9% of homes that went under contract that month — the highest percentage of any June on record, according to data collected by Redfin.

More Buyers Canceled Home-Purchase Contracts In June

Virginia State

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Cheryl E Preston

History Facts lists eight names US parents no longer give their newborns, which you may no longer hear in Virginia. The girls' names are Doris, Gertrude, Mildred, and Judith. I know or have known women with all four names, but they are either baby boomers or boomer parents' ages and someone's grandma or great aunt. Consider the ages of females in Virginia you know with these names.

Eight names parents in Virginia may no longer be giving to their newborns

While most agents are headed toward beach towels and White Claws, summer is your prime time to hone in on your business and set yourself up for dominating the second half of the year. Join us for BAM BBQ, our FREE virtual event on July 17 to do just that! Sign up here.

Rent vs. Income: The Harsh Reality for U.S. Renters in 2024

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

NewsBreak

High interest rates and low housing inventory are creating roadblocks for millennial homebuyers.

Homeownership is often seen as the cornerstone of success and fulfilling the “American Dream.” However, housing market conditions have pushed that milestone further out of reach...

High interest rates and low housing inventory are creating roadblocks for millennial homebuyers.

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