Investors Eye Opportunities as Housing Markets Soften Compared to Last Year
Title: Investors Eye Opportunities as Housing Markets Soften Compared to Last Year The housing market, long characterized by its cyclical nature, is witnessing another shift that has captured the attention of savvy investors. As we transition from the unprecedented real estate boom catalyzed by the pandemic into an era of softened demand, the landscape is […]
The number of available lots for new homes has decreased compared to the previous year.
According to the most recent New Home Lot Supply report from Zonda, in Q1 2024, there was a tightening of lot supply year-over-year across the U.S. The report notes that lot inventory remains “significantly undersupplied” in most markets, and this trend reflects the increased construction activity in recent quarters. Ali Wolf, the chief economist at […]
FHFA reports that home prices have increased by 6.3% compared to last year.
The most recent Federal Housing Finance Agency’s House Price Index (HPI) report shows a 6.3% increase in home prices between January 2023 and January 2024. Additionally, the seasonally adjusted monthly index for January rose by 0.1% from December. The FHFA HPI is a comprehensive collection of house price indexes that track changes in single-family home […]
Top 10 Retirement Towns That Offer Great Affordability
1. Asheville, North Carolina: Known for its stunning mountain views and vibrant arts scene, Asheville offers a reasonable cost of living and affordable housing options for retirees. 2. Prescott, Arizona: With its mild climate and breathtaking natural beauty, Prescott is an ideal retirement destination that won’t break the bank. The city also boasts a low […]
According to Redfin, there has been a decrease in investor activity as they bought 45% fewer homes compared to the previous year.
A recent report from Redfin reveals that investor home purchases in Q2 2023 experienced a significant decline of 45% compared to the previous year, marking the largest drop since 2008. This decline in investor purchases surpassed the overall decline in home sales, which stood at 31%. The report also highlights that investor market share has […]