Miami was hyped as the next Silicon Valley during the pandemic, but the city saw one of the highest rates of domestic out-migration last year of any major city, indicating that it is a hotspot no more.
Ginsburg stated that treating builder business as a core pillar rather than a side channel reflects a broader industry shift. He believes a healthy balance of builders should be around 15% to 20% of the overall retail book of business.
In Orange County, I was the kind of person who would bury my nose in a magazine to avoid chatting with a hairdresser. I rushed through the checkout line and never said, 'How are you doing?' to someone I didn't know. If small talk was ever forced upon me, I gave away as little about myself as possible.
In December, Chicago's real estate market showcased a striking decline in inventory, setting the stage for sellers to shine. The active listing count fell to 3,403, marking a 17.0% decrease from the previous year. This was in stark contrast to the national trend, where active listings increased by 12.1%. The city also experienced a notable reduction in newly listed homes, down 12.7% year-over-year, compared to a 1.8% decline nationally.
Rising utility costs continue to be a pain for the average U.S. renter. Energy-efficient rental features that help lower these costs like LED lighting, good insulation, and smart thermostats are becoming a baseline for renters.
In July, home prices rose slightly from the month before, with a median listing price of $109,200. The number of listings on the market grew 4.1% from last month, which is typical for this time of the year in Detroit, and homes are also selling close to the same pace as the same time last year. Typically, home price per square foot in Detroit tend to rise in July.
In May, home prices rose moderately from the month before, with a median listing price of $268,500. The number of listings on the market grew 12.9%, which is a bigger increase than normal for this time of the year in Indianapolis, and homes are also selling slower than at the same time last year. Home prices in Indianapolis Typically, home price per square foot in Indianapolis tend to rise in May.
The number of listings on the market grew 9.0%, which is a smaller increase than normal for this time of the year in Columbus, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Columbus tend to rise in June. But the most recent data shows that the price per square foot decreased by 1.6% compared with the month before.
when "off-market" listings transition from a niche luxury service to a default industry standard, the primary beneficiaries are large brokerages rather than the consumers.
