Daily Dose

It should be no surprise that renters in California and New York were the most likely to move cities and states, looking for more affordable accommodations that still allowed them to telecommute to work.

Home prices compared to incomes have been rising since before the pandemic, but they really took off after the Federal Reserve began hiking interest rates in 2022. Here’s which markets are feeling the strain the most.

Redfin’s Home Price Index reveals that home price growth has stalled as U.S. housing supply remains below pre-pandemic levels. Read on to learn why buyers have been left “grappling with limited purchasing power."

The annual National Property Preservation Conference once again brought together a cross-section of field services vendors, mortgage servicing professionals, and representatives of government agencies and the GSEs to “discuss pressing issues and develop solutions.”

"The housing market is caught in a generational tug-of-war. Boomers will soon face aging-in-place hurdles, while millennials will face the surprise of homes in need of major upgrades," said Jon Bostock, CEO of Leaf Home.

Office-to-apartment conversions have more than quadrupled in the past four years, according to a new study, which revealed that the reconstruction of office buildings into living spaces is expected to hit a new record in 2024.

“We’re definitely seeing an uptick in activity from both buyers and sellers,” said Abby Alwan, a Redfin Premier real estate agent in Austin. A new report breaks down the shifts currently happening in the housing market.

How many years' worth of income do homebuyers across the globe need to afford a starter home? A new article revealed the amount required and in which countries beginning homes are affordable to buy—and where they're not.

On an annual basis, existing-home sales (4.09 million) fell to the lowest level in nearly 30 years, while the median price reached a record high of $389,800 in 2023.

According to the National Association of Home Builders, single-family starts are expected to grow in 2024, and while builder sentiment improved, "builders will face growing challenges with building material cost and availability, as well as lot supply," according to NAHB Chairman Alicia Huey.