Category Archives: affordability

SpaceX’s IPO has sparked Brownsville housing speculation, but RGV agents should watch rentals, builder inventory, and land first

The post SpaceX IPO Puts Brownsville Housing in Focus appeared first on The Close.

Rising incomes and stock market gains have created more luxury buyers; however, the Agency’s inaugural mid-year report reveals supply lags behind.

Gary Keller delivered his annual State of the Housing Market keynote on Monday, musing on sales trends and market competitiveness — while offering a few quips about Compass and CoStar.

The South, Midwest and Mid-Atlantic dominated Zillow’s buyer-friendly markets list, with homebuyers finding favorable pricing trends and greater negotiation leverage.

The president’s announcement was made against the backdrop of high inflation, which Trump blamed on former President Biden and Democrats in Congress.

A staggering 93 percent of Americans believe housing costs are “unreasonable,” according to Searchlight Institute’s latest affordability survey.

The Upper Midwest is an affordability hotspot, according to Realtor.com’s latest market report, which revealed the seven markets where median listing prices are below $300,000.

Median monthly homeownership costs have risen 26 percent from 2019, according to the U.S. Census Bureau’s latest American Community Survey data. released on Thursday.

Realtor.com’s August market report revealed the emergence of a balanced market, with pockets of dominance for buyers in the Southeast and West. However, economic headwinds are suppressing sales, with contract signings and delistings rising annually during the month.

Workforce housing initiatives offer one part of the affordability solution for discouraged buyers, but still fall short of the need.