Nationwide, a record share of homebuyers are relocating, many in search of affordability as prices and mortgage rates soar. Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area. While that’s unchanged from the record set in the first quarter,
California’s suburbs have long attracted renters by offering a quieter and more affordable lifestyle. Demand for this lifestyle has exploded since the pandemic — and investors are taking notice. Build-to-rent homes, which are single-family residences (SFRs) built for the express purpose of renting, provide an outlet for this market force. Frequently, these homes take the form of rental home communities which tend to cluster
IRVINE, CA – June 2, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,304,007) residential properties in the United States sit vacant. That represents 1.3 percent, or one in 76 homes, across the nation. The
If you’ve ever wondered what you could get for your home, you probably pulled up the real estate listing site Zillow to check its Zestimate. The algorithm-fueled pricing tool estimates values for millions of homes across the country and is a popular resource for homebuyers and sellers alike. However, determining a home’s value is a
Market changes due to the pandemic have ushered in a new era of opportunity. COVID-19 has changed the world as we know it. Everything from where we live and work to how we value and spend our time and interact with each other has dramatically shifted in the face of the challenges of the ongoing
The real estate market has been wild for the past couple of years, but many are wondering if it’s finally starting to slow down. If so, this would be a long-awaited reprieve for buyers and a wake-up call for potential sellers, as the tide may be turning away from their favor. While 2022 was the