Tag: Economy
-
Nearly One-Third of All Apartment Renter Households are Starting Out Singles
In today’s data-driven world, understanding demographic and population trends is crucial for supporting new developments and addressing economic challenges. These insights help allocate resources more efficiently and design more sustainable communities. The study reveals that the typical U.S. apartment renter is 31 years old, earns approximately $73,000 annually, and lives in a 900-square-foot unit. While…
-
$557B Office Wipeout Reveals Diverging Urban and Suburban Markets
A Tale of Two Markets The U.S. commercial real estate (CRE) market is experiencing a significant divide. Central business districts are grappling with plummeting office values, while suburban and high-demand neighborhoods are thriving. From 2019 to 2023, U.S. office values have dropped by a staggering $557 billion, with central business districts suffering the most, seeing…
-
The 10 Markets That Could See the Biggest Home Affordability Gains as Mortgage Rates Drop
Mortgage rates are set to decline, and some areas could see bigger gains in home affordability than others. A new Realtor.com® analysis highlights the metro areas where affordability for the median earner will improve the most if rates drop to 6.3%, which could happen in the coming months. Key Findings The monthly savings on house…
-
America’s 10 Easiest and Hardest Housing Markets for Homebuyers
Navigating the Real Estate Landscape Buying a home today is no walk in the park. Home shoppers face steep challenges, including high asking prices, intense competition, and soaring mortgage rates. However, not all real estate markets are equally grueling. Some areas offer a more favorable environment for homebuyers. The Easiest Markets: Florida Takes the Lead…
-
🎬 Warner Bros. Makes Blockbuster Move in Nevada! 🌟
Warner Bros. Discovery is set to light up the Nevada desert with an $8.5 billion commitment to a long-term studio lease. But this isn’t your typical Hollywood story—it’s a thrilling partnership with the University of Nevada, Las Vegas (UNLV) and Birtcher Development. Together, they’re transforming Nevada Studios into a 34-acre filmmaking hub at UNLV’s Harry…
-
10 Places Where Lower Mortgage Rates Will ‘Unlock’ the Housing Market the Fastest
For several years, high mortgage rates have frozen much of the housing market. Many homeowners who were locked in at prior lower rates remained unwilling to sell and assume a new, more costly mortgage. However, as rates begin falling, a new Realtor.com® analysis reveals the metro areas that could see the earliest signs of thawing…
-
Why Florida Is No Longer the Ideal Retirement Destination
Florida has long been synonymous with retirement dreams: sandy beaches, warm weather, and a laid-back lifestyle. However, recent trends indicate that the Sunshine State is losing its appeal for retirees. Rising housing costs, extreme weather events, and other factors are causing a shift in perception. In this blog post, we’ll explore why Florida may no…
-
Asking Rents Experience First Decline in Four Years Across Unit Types
So far in 2024, all apartment unit sizes are seeing their first annual decline in asking rent since 2020, with the national median at $1,647. In a noteworthy shift for the multifamily housing market, asking rents have slipped across all unit sizes for the first time since 2020, according to a recent Redfin report. This…
-
Good News for Homebuyers: Inflation Dips Below 3% for the First Time in 3 Years
Homebuyers rejoice. Inflation, that ever-watchful economic indicator, has finally eased its grip. For the first time since March 2021, annual inflation in the U.S. has dipped below 3%, according to data released by the Department of Labor. This news brings a glimmer of hope to prospective homebuyers, signaling potential relief in the form of lower…
-
Oshkosh, WI: America’s Surprising Real Estate Gem
For the first time ever, Oshkosh, WI, has claimed the top spot in Realtor.com®’s Hottest Housing Markets rankings for July. 🏡 What Makes Oshkosh Stand Out? Bidding Wars and Creative Offers Local real estate agents confirm the frenzy: Midwest Heatwave Oshkosh leads the Midwest charge, but other cities are sizzling too. As mortgage rates climbed,…
Daniel Kaufman Real Estate 