New rent data from Apartment List shows that the rapid deceleration of rental prices is ongoing. The national rent index dropped by 0.3% month over month in January, the fifth…
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Newsletter:
Better to rent than buy, new report suggests
David Logan of the National Association of Home Builders (NAHB) opens the week reporting on the producer price index (PPI) for inputs to residential construction, which rose 8.3% in 2022,…
Economy in for soft landing in 2023 say experts
Last week, we received some new Consumer Price Index (CPI) data showing a continual deceleration of inflation. According to the Bureau of Labor Statistics (BLS), the December CPI dropped 0.1%…
Rents to remain flat in 2023
According to Archana Pradhan of CoreLogic, millennials comprised 54% of home purchase applications last year, the largest cohort. That said, for the first time, the youngest cohort, Gen Z, comprised…
Luxury home sale volume at record lows
According to a new Redfin report released last week, sales of luxury homes dropped 38.1% year over year (YOY) in November. This is the biggest decline on record since Redfin…
Top real estate markets for 2023
Market predictions and spotlights are leading the headlines as we look to close off 2022 and see what the new year has in store for real estate investors. What markets…
Rate increases set to slow in 2023, and decline in 2024 say experts
As widely expected, the Federal Reserve raised rates last week by 50 bps, putting the federal funds rate at a range of 4.25% to 4.5%. This was seen as a…
As we close off 2022, home sentiment improves
Fannie Mae reported last week on its Home Purchase Sentiment Index (HPSI), which saw its first increase in 9 months. That said, the improvement was modest at 0.6 points, and…
2023 housing market predictions
It’s that time of year again, as the year winds down and we begin to hear about what is to come for housing in 2023. Let’s take a look at…