The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere else in the country. And in McAllen, TX, supply jumped 25%. Housing supply is soaring because both states have been building a lot of homes, which is limiting home price
Price growth is leveling off as elevated mortgage rates strain buyer budgets, but prices are still at historic highs because there aren’t enough homes for sale. U.S. home prices climbed 0.6% from a month earlier on a seasonally-adjusted basis in March, matching February’s 0.6% month-over-month gain. On a year-over-year basis, prices rose 7.3%, also little
High earners, college grads and remote workers were all more likely than the typical survey respondent to say they want to live somewhere with legal weed. Over half of LGBTQ+ respondents want to live in a place where weed is legal, compared with under one-quarter of non-LGBTQ+ respondents. Nearly half (46.8%) of U.S. homeowners and
12% of Florida respondents who have faced insurance changes have been dropped by their insurance company—an increasingly common trend as insurers back out of flood-prone areas. The share is almost as high in fire-prone California. Nationwide, one-third of homeowners who lost insurance have moved or plan to move, but nearly the same share are staying
Nearly 20% of recent buyers have no idea who paid their agent and how the amount was determined. 39% of homeowners with plans to sell think a 3% buyer’s agent commission seems high, but nearly the same share think it seems just about right. More than one-quarter of recent homebuyers (28%) have no idea how
The median U.S. asking rent rose 1% from a year earlier. By comparison, rents jumped 5% in the Midwest—in part because the region hasn’t seen as big of a construction boom as other parts of the country. The median U.S. asking rent rose 0.8% year over year to $1,987 in March, marking the third consecutive
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