U.S. home prices will remain stagnant in 2024, according to Zillow, which had previously anticipated a significant increase next year.
This persistent strength in the U.S. labor market has also acted as a tailwind for the housing sector.
Among the nation's 384 largest housing markets, 40 have witnessed resale home prices surge by at least 10% on a year-over-year basis.
There's no massive national flood of inventory coming from institutional landlords. But they are pulling back in some pockets.
Existing home sales are so low that there's nowhere to go but up, Redfin CEO Glenn Kelman tells ResiClub.
It now requires 40.6% of the median U.S. household income to make the monthly payment on the median-priced U.S. home, Black Knight finds
Invitation Homes reports a +6.0% increase in average single-family rent between Q3 2022 and Q3 2023.
Fed president Neel Kashkari: "We have structurally underbuilt the number of units we need to meet our growing population, and that’s the factor."
The National Association of Realtors is the country's biggest spender on lobbying. It's also in disarray right now.
The Lance Lambert Inventory Tracker now includes county analysis, and every month it will become even more comprehensive.
On Thursday, we learned that American Homes 4 Rent, an institutional landlord, netted 399 homes in Q3 2023.
Parcl Labs: Markets like Austin and New Orleans have over 1% of their single-family housing stock listed for sale. That matters.
