Trends in Generational Home Buying and Selling in 2025
NAR Reports Baby Boomers as Largest Share of Home Buyers The NAR says in a shift that underscores changing dynamics in the housing market, baby boomers now make up the largest generational group of home buyers. Indeed, today’s graphic looks at the distinguishing characteristic of each generation of home buyers using data from the NAR’s […]
Rocket acquires Redfin in a $1.75 billion agreement
CNBC Reports Rocket Companies Acquisition of Redfin CNBC is reporting that Rocket Companies is acquiring Redfin in an all-stock deal worth $1.75 billion. The deal is expected to close in 2nd or 3rd quarter of this year. Comparing the two companies, CNBC says Redfin operates a home search platform with more than 1 million for-sale […]
February sees a 2% increase in pending home sales
NAR Reports 2% Increase in Pending Home Sales for February 2025 The National Association of Realtors is reporting that pending home sales rose 2% in in February, 2025. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 72 in February. Year-over-year, contract signings dropped in all four U.S. […]
Home flipping will be on the decline in 2024.
ATTOM’s 2024 U.S. Home Flipping Report According to ATTOM’s year-end 2024 U.S. Home Flipping Report, 297,885 single-family houses and condominiums were flipped in 2024. That figure is down 7.7% from 322,782 in 2023 and 32.4% from a recent peak of nearly 441k reached in 2022. In addition, the report further says that as the number […]
Yardi reports no change in multifamily rents for February
Latest Yardi Matrix Multifamily Report According to the latest Yardi Matrix Multifamily Report, multifamily rents were flat in February, 2025 with the average U.S. advertised rent increasing $1 to $1,751. Year-over-year rent growth was unchanged at 1.2%. “Multifamily performance tends to be subdued in the winter months in advance of the spring moving season, and […]
The way in which Americans allocate their finances
The Impact of Consumer Spending on U.S. GDP The Visual Capitalist says consumer spending represents 68% of U.S. GDP, with much of this used for housing, transportation, and healthcare costs. Today’s graphic shows the average annual expenditures of Americans, based on data from the Consumer Expenditures Survey 2023 by the Bureau of Labor Statistics. Stay safe […]
February saw a 4.2% increase in existing home sales.
NAR Reports Increase in Existing Home Sales The National Association of Realtors is reporting that existing home sales were up 4.2% in February to a seasonally-adjusted annual rate of 4.26 million – down 1.2% year over year. Total housing inventory at the end of February was 1.24 million units, up 5.1% from January and up […]
Housing construction activity surged in February, with housing starts increasing by 11%.
U.S. Housing Starts and Permits Report for February 2025 The U.S. government is reporting that privately‐owned housing starts in February, 2025 were at a seasonally adjusted annual rate of 1,501,000, which is 11.2% higher than January’s revised number and is 2.9% lower than one year ago. February’s rate for units in buildings with five units […]
Wealthy home buyers are increasingly embracing the concept of rent-to-own.
Affluent Home Buyers Using Rent-to-Own Deals A recent report in the Wall Street Journal (reposted on Realtor.com) says real-estate agents are reporting that affluent home buyers are using rent-to-own deals to finance their homes. Interestingly, they say rent-to-own transactions offer well-to-do buyers substantial benefits such as (in new construction) the ability to discover construction defects […]
Inflation decreased in February
BLS Reports Inflation Eases in February The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in February, 2025. The all items index was up 2.8% for the 12 months ending in February. Interestingly, while the index for shelter increased 4.2% over the last year, […]