The share of first-time homebuyers fell to 26% in November 2021, the lowest since January 2014. Around 24% of existing homes were purchased with all cash--only 7% of first-time home buyers could afford this approach compared to 30% of non-first-time buyers.
Rents for single-family homes are rising three times as fast as they were a year ago
Rental prices for single-family homes rose 10.9% on average, a three-fold increase over October 2020. Rent increases were highest in Miami (29.7%), followed by Phoenix (19.3%) and Las Vegas (16.5%).
Mobile-Home Values Have Been Migrating Upward at Breakneck Speed
The national median value of a mobile home in 2019 was $53,000, about $180,000 less than a traditional home. That was a 39% spike over the median value in 2014, while traditional homes rose by 33% over those five years.
ZILLOW is Manipulating the Housing Market. They Need to Stop.
The US Housing Market has never been more expensive in 2021. Home prices are at an all-time high relative to wages and rents. Home buyers and real estate inv...
Rent or Buy? Buying a Starter Home More Affordable in Nearly Half of the Biggest Metros
Surging rents and low mortgage rates mean that the monthly cost of buying a starter home is more affordable than renting in nearly half of the biggest housing markets across the country.
South Carolina Could See a 10% Increase in Rental Vacancies When Eviction Moratorium Ends
States with a large number of renters at risk of eviction and very few vacant homes for rent could see the biggest disruptions to their housing markets.
Apartment List publishes monthly rent reports to examine key trends in cities and states across the nation. How have rents in your city changed recently?
How Blue Cities Became So Outrageously Unaffordable · Ezra Klein Show - NYT
Jerusalem Demsas is a policy reporter at Vox who covers a range of issues from housing to transportation. And the central question her work asks is this: Why is the party that ostensibly supports big government doing ambitious things constantly failing to do just that, even in the places where it holds the most power?
A sharp increase in existing-home prices kept more buyers on the sidelines, contributing to the fourth straight month of declining sales of previously owned homes.