article thumbnail

Existing home sales market now close to balance with supply

Housing Wire

Today’s existing home sales report shows that the existing home market is now almost balanced. We are very close to getting this balance nationally and in some markets we’re already there. million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability. million).

Marketing 468
article thumbnail

Coastal Markets Still Report High Rents, But Smaller Markets Are Growing Too

Appraisal Buzz

More people move during the summer, which causes the rental market to heat up,” said Skylar Olsen, Chief Economist at Zillow. over the past year in Hartford, more than any other major market. The typical rent eclipses $3,000 in a few east and west coast markets. Nationally, the typical rent is $2,054, according to ZORI.

Marketing 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Congratulations to the 2024 Marketing Leaders

Housing Wire

HousingWire’s 2024 Marketing Leaders award recognizes the most creative and influential marketing minds in the housing economy. This year’s winners have demonstrated exceptional creativity, strategic thinking, and the ability to adapt in a rapidly-evolving landscape. Congratulations to this year’s honorees!

Marketing 458
article thumbnail

Indiana markets are indicative of the Midwest regional housing boom

Housing Wire

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Caruso said this is indicative of the markets in Indiana, where low inventory, high interest rates and inflationary pressure are still making it hard for clients to find — and afford — a home to buy.

Marketing 420
article thumbnail

Double whammy: Florida condo market grapples with rising insurance costs, milestone inspections

Housing Wire

While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It Altos considers anything above 30 to be indicative of a seller’s market.

Insurance 456
article thumbnail

Which Markets Are the Nation’s Renters Targeting?

Appraisal Buzz

RentCafe has analyzed the nation’s rental market for the first half of 2024, ranking the most sought-after markets for rentals. Overland Park did knock Minneapolis out of the top spot in April, while Atlanta emerged as the top market to watch in 2024 after attracting the highest number of online engagements on RentCafe.com in 2023.

Marketing 397
article thumbnail

Report: Houses Gathering Dust on Market as Unsold Inventory Grows

Appraisal Buzz

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. Overall, the market is fairly stagnant,” said Shay Stein, a Redfin Premier Agent in Las Vegas. This marks an increase from 59.6%

Inventory 399