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Author: Swapna Venugopal Ramaswamy, USA TODAY

Money

Is your zip code on the hottest list for 2023? Here’s which cities made the top 10.

August 29, 2023August 29, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Is your zip code on the hottest list for 2023? Here’s which cities made the top 10.

Hottest ZIP Code rankings consider market demand, measured by unique viewers per property, and pace of market, measured by number of days a listing is active.

Money

Which metro areas are growing fastest? Since 2019, this is where most folks are flocking.

August 28, 2023August 29, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Which metro areas are growing fastest? Since 2019, this is where most folks are flocking.

Across the 50 largest metros, an average of 29s% of homeowners and renters moved into their current place since in 2019.

Money

Current mortgage rates are the highest they’ve been since 2001. Is there an end in sight?

August 24, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Current mortgage rates are the highest they’ve been since 2001. Is there an end in sight?

As rates remain high and supply of unsold homes woefully low, incoming data shows that existing homes sales continue to fall.

Money

Where is rent going up? New York may be obvious, but the Midwest and South are close behind

August 23, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Where is rent going up? New York may be obvious, but the Midwest and South are close behind

Of the 10 largest yearly gainers, only New York state, which saw 13% rent growth year over year, was outside the South or Midwest.

Money

First-time homebuyers need to earn more to afford a home except in these 3 metros

August 6, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on First-time homebuyers need to earn more to afford a home except in these 3 metros

Limited listings and still-rising prices have caused sales of starter homes to drop 17% year over year in June.

Money

International buyers are going for fewer homes in the US. Where are they shopping?

August 3, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on International buyers are going for fewer homes in the US. Where are they shopping?

The average ($639,900) and median ($396,400) existing-home sales prices among international buyers were the highest ever recorded by NAR.

Money

‘We kept getting outbid’: Californians moving to Texas explain why they’re changing states

August 2, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on ‘We kept getting outbid’: Californians moving to Texas explain why they’re changing states

The reasons behind a California-to-Texas move are varied but housing affordability and politics are major reasons.

Money

Florida rentals are cooling off, partly because at-home workers are back in the office

July 25, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Florida rentals are cooling off, partly because at-home workers are back in the office

The rental price increases in Cape Coral is attributable to scarcity of housing inventory in the aftermath of Hurricane Ian.

Money

Housing market recession? Not likely. Prepare for hot post-pandemic prices

July 20, 2023July 21, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Housing market recession? Not likely. Prepare for hot post-pandemic prices

Historically low levels of inventory, down 14% from one year ago, is contributing to rising prices despite elevated mortgage rates, say experts.

Money

Analysis: Will home prices this year surpass peak-pandemic prices?

July 16, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Analysis: Will home prices this year surpass peak-pandemic prices?

Buyers who are in the market have not been dissuaded by higher mortgage rates. They are more concerned about being able to find a home to buy.

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