South Korean investors

Building permits issued in June increased to 1,446,000 (SAAR). That’s 3.4% above the revised May rate but 3.1% lower than a year ago.

A cooler rental market is prompting more property managers to offer concessions in a bid to attract new tenants. Though rent growth is only slightly softer than last year, far more property managers are offering short-term perks.

A new Zillow survey covering 26 metro areas found that residents largely support allowing middle housing in residential neighborhoods. Middle housing options are those that fall into categories between single-family lots and large multifamily buildings, such as duplexes or small apartment buildings. A clear majority of homeowners surveyed (78%) voiced...

Camden, New Jersey is the fastest growing city in the U.S

Home shoppers are getting some slight relief as mortgage rates are now comfortably below the 7% mark.They could stay below that threshold if next week’s inflation data continues to move in the right direction. The latest data shows inflation is continuing to fall. As inflation and inflation expectations move lower,...

Existing homes sales fell by 5.4% in June to a seasonally adjusted annual rate (SAAR) of 3.89M and are now down 5.4% from June 2023, according to the National Association of Realtors (NAR). Total housing inventory at the end of June increased to 1.32 million units from 1.28 million units...

Zillow’s best markets for first-time buyers offer affordable options and peers living nearby

Mortgage rates declined again this week as inflation continues to moderate. The latest Bureau of Labor Statistics CPI report contained no major surprises and a September rate cut from the Fed should be a done deal. Annual price increases measured by the consumer price index have fallen to 2.9% from...

Building permits issued in March increased to 1,458,000 (SAAR). That’s 4.3% below the revised February rate and 1.5% higher than a year ago.

Mortgage rates increased this week ahead of the Federal Reserve’s interest rate decision as investors came to grips with a more hawkish Federal Open Market Committee (FOMC), less disinflation and the federal funds rate remaining high for longer.

Sellers have a slight edge nationwide, though less of one than in recent years. Buffalo, the Bay Area and the Northeast rank among the best areas for sellers.

Building permits issued in April decreased to 1,440,000 (SAAR). That’s 3% below the revised March rate and 2% lower than a year ago.