Originally published on November 21, 2023, by the Economy Team at CoreLogic.

• Nationwide, single-family rent prices increased by 2.6% year over year in September.
• Rental costs declined by -0.2% from August to September, which is in line with seasonal trends recorded over the 15 years before the pandemic.
• Lower-priced rental gains have outpaced the high-priced tier over the last three years.
• St. Louis led the nation for annual rent growth, while Austin, Texas; Las Vegas, and Miami again posted declines.

CoreLogic®, a leading global property information, analytics, and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas.  

Originally published on November 14, 2023, by the ATTOM Team.

ATTOM, a leading curator of land, property, and real estate data, today released its October 2023 U.S. Foreclosure Market Report, which shows there were a total of 34,472 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 6 percent from a month ago but up 6 percent from a year ago.

Originally published on October 30, 2023, by Nicole Bachaud for ZIllow.com.

The cost of buying a home has soared over the past few years with home values near record highs and mortgage rates higher than they’ve been in 20 years. New home buyers can expect to spend approximately 13.5 years in their house before they would be able to sell at a profit over the purchase, mortgage interest, and sale costs that went into the home.

Originally published on October 25, 2023, by Elizabeth Thompson for the National Association of Home Builders.

Despite mortgage rates that are at a 23-year high, new home sales posted a double-digit percentage gain in September because of a lack of inventory in the resale market.

Originally published on October 5, 2023, by Heather Zeller for VeroFORECAST

SANTA ANA, Calif., Oct. 5, 2023 —Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its 2023 Q3 VeroFORECASTSM that anticipates that home prices are expected to increase on average 2.2% over the next 12 months, compared to last quarter’s forecast of 1.7% increase, indicative of a steady market.

Originally published on October 12, 2023, by Andrea Nicole for RentCafe.com.

U.S. cities are buzzing with new apartment buildings — more than we’ve seen in decades. So, if you’ve noticed more cranes against your city’s skyline recently, you’re not alone. In fact, this boom is turning certain neighborhoods into hotspots for new apartments, attracting mostly young, high-earning folks chasing the dream of urban apartment living.

Originally published on September 29, 2023 by Richard Berger for GlobeSt.com.

“Gangbusters” is what CBRE’s Vice Chairman Aron Will says the seniors housing mergers and acquisitions market will look like in the next 18 months.

Originally published on September 26, 2023 by Orphe Divounguy for Zillow.com.

• The total value of the U.S. housing market is 49% higher than before the pandemic. 
• New York, Los Angeles, San Francisco, Boston, and Miami are the most valuable housing markets. 
• Florida now boasts the second-most-valuable real estate market, surpassing New York. California retains the top spot. 

The U.S. housing market has surged over the past year after a temporary hiccup from July 2022 to January 2023. Higher mortgage rates then contributed to a decline in the total value of residential real estate as potential buyers reconsidered their plans and residential investment fell. That downturn has proven to be short-lived as housing has rebounded impressively so far in 2023, with the total value of the U.S. housing market surging by more than $2.6 trillion over the past year. 

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Originally published on September 19, 2023 by Veronica Grecu.

Miami was the most competitive rental market during this summer’s peak moving season, but the Midwest was America’s hottest apartment region, with three markets in the top five nationally. That’s largely because the Midwest offers housing options that fit more ranges of budgets, as well as a cost of living that’s lower than on the coasts. Naturally, this makes it a very attractive region to live in for renters seeking a balance between budget and quality of life.

Originally published on September 5, 2023, by Elizabeth Thompson and Stephanie Pagan for the National Association of Home Builders.

Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro areas. Multifamily market growth also fell in most areas of the country, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the second quarter of 2023.

Originally published on September 6, 2023, by the Federal Reserve Bank of Kansas City.

The inventory of single-family homes for sale fell in nearly all Fed districts during the past month, resulting in a boost in new construction activity, the Federal Reserve reported Sept. 6 in its latest Beige Book. The construction of affordable housing has become strained in many districts amid rising financing costs and higher insurance premiums.

Originally published on August 21, 2023, by Barbara Ballinger for GlobeSt.com.

Originally published on August 8, 2023, by Anneliese Mahoney for the Mortgage Banker's Association.

Berkadia, New York, in its 2023 U.S. Student Housing Preleasing Report found student housing operating fundamentals are among the strongest in the commercial real estate sector, with the fall 2023 lease-up cycle the fastest on record.

Originally published on August 1, 2023, by Troy Green for the National Association of Realtors. 

oreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, slipping 9.6% from the previous 12-month period, according to a new report from the National Association of Realtors®. Foreign buyers purchased 84,600 properties, down 14.2% from the prior year and the fewest number of homes bought since 2009, when NAR began tracking this data. Overall, U.S. existing-home sales totaled 5.03 million in 2022, down 17.8% from 2021.

Originally published on July 21, 2023, by Christine Stricker for ATTOM.

According to ATTOM’s newly released Q2 2023 U.S. Home Sales Report, profit margins on median-priced single-family home and condo sales in the U.S. increased to 47.7 percent in the second quarter – the first gain in a year.

The most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022—a 103% increase from the prior two years, when 189,000 more people moved in than out, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

The same trend took hold in the places most vulnerable to wildfires and heat as the pandemic homebuying boom and a housing affordability crisis pushed Americans into disaster-prone areas.

Originally published on July 6, 2023, by Sophia Wedeen for the Joint Center for Housing Studies of Harvard University.

The supply of low-cost rentals fell by 3.9 million units over the last decade, according to our latest State of the Nation’s Housing report. As a new interactive tool (Figure 1) released in conjunction with the report shows, the supply of low-cost rentals decreased in every single state, leaving lower- and middle-income renters with even fewer housing options they can afford.

Originally published on June 29, 2023, by Realtor.com.

The U.S. median home listing price slipped -0.9% annually in June, posting the first yearly decline since 2017, the start of Realtor.com®'s trends data, according to its June Monthly Housing Trends Report released today. At the same time, while home shoppers had more homes to choose from this month, improvement stalled as the active inventory growth rate slowed for the fourth month in a row (+7.1%) and came in well below May's +21.5% rate. 

Originally published on June 20, 2023, by Barbara Ballinger for GlobeSt.com.

The purpose-built student housing segment has been a steady winner for many developers for years, faring well even in recessionary and down periods. Students needed a place to live and didn’t always want to reside on campus, especially after freshman year. These off-campus dwellings long offered a robust list of attractive amenities seen in conventional multifamily housing, as well as comfortable apartment layouts with living and sleeping spaces typically furnished. Students are leased by a “bed” rather than a room.

Originally published on June 14, 2023, by Danielle Nguyen for John Burns Research & Consulting.