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Nashville breaks into list of top migration destinations for first time since 2021: Redfin

Housing Wire

Sacramento, Las Vegas and Orlando were the most popular migration destinations in October Sacramento, California, was the most popular destination among homebuyers relocating to a new metro area in October. This explains why many homebuyers leaving Los Angeles chose to relocate to Las Vegas, where home prices are 50% lower.

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‘Abandoned’ Bay Area land will be developed into housing

Housing Wire

In a deal brokered between the State of California ’s Lands Commission and the City of Alameda , the 32-acre area situated on Alameda’s north shore is now planned to serve as a location for new communal spaces like parks, as well as 589 housing units — just under 15% of which, or 80 units, will be “affordable,” according to the reporting.

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New American Funding to expand nationwide

Housing Wire

Along with planting locations in key cities across the country, Ellsworth said the expansion effort includes strengthening high-level company leadership, which will enable the company to focus on increasing its foothold in “emerging markets.” Sam Ellsworth will lead the expansion as director of national retail sales.

Retail 383
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US home prices rose to record high in August

Housing Wire

The worst performing metropolitan areas were located in Las Vegas (-4.9%) and Phoenix (-3.9%). Seven of 20 cities reported lower prices. Chicago (+5.00%), New York (+4.98%) and Detroit (+4.8%) were the three best-performing metropolitan areas in August. The West (-0.9%) and Southwest (-0.8%) remained the weakest regions.

Inventory 473
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Mid-August rent payments tick up to near-normal levels

Housing Wire

Locations with the best rent payment results through Aug. of households in metro New York’s professionally managed apartment stock made rent payments, while 84% to 85% in Las Vegas and New Orleans were up to date. 13 included Providence, Rhode Island, where 94.6% Through Aug. 13, this month’s rent was collected from 82.6%

Inventory 544
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11 real estate events & conferences to help you thrive in 2024

Housing Wire

Date: April 21-24, 2024 Location: Scottsdale, AZ Ticket Price: Tickets cost $2,150 for professionals or $3,150 for technology and solution partners, as well as those who do not represent a licensed mortgage or real estate firm. Date: May 4-9, 2024 Location: Washington, D.C. Guests of NAR members can enter for free.

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Annual home-price growth cooled further in February

Housing Wire

The indices have a base value of 100 in January 2000; in other words, a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within a particular market. The 10-city home price index also posted a 0.4% yearly increase, down from 2.5% in January, bringing it to a reading of 310.26.

Inventory 372