Overview of the Evolving Real Estate Technology Landscape As the years go by, the real estate industry increasingly relies on technology. According to the National Association of Realtors’ (NAR) most recent 2021 Real Estate in the Digital Age Survey, a staggering 97% of homebuyers used the Internet to guide their home search at the time the... Read More »
ATTOM’s latest year-end 2022 Property Tax report shows that property taxes for 87 million U.S. single-family homes has increased by 3.6% from $328 billion in 2021, to $339.8 billion in 2022. Moreover, the average tax on single-family homes in the U.S. increased by 3%, reaching $3,901 in 2022, after a 1.8% increase the previous year. The effective... Read More »
ATTOM’s Q1 2023 Single-Family Rental Market report lists the best U.S. markets for buying single-family rental properties in 2023. The report analyzed single-family rental returns in 212 U.S. counties with a population of at least 100,000 and sufficient rental and home price data. According to the report, the average annual gross rental yield on... Read More »
Housing News Report It’s here! The Q1 2023 ATTOM Housing News Report is now live and ready for you. This free issue offers in-depth, objective and data-driven real estate information. Click the links below or click on the cover to get the full interactive digital copy. Q1 2023 Issue Includes: Looking Forward | 2023 In this article our real estate... Read More »
ATTOM’s latest year-end 2022 home sales report shows that home sellers nationwide realized a profit of $112,000 on the typical sale in 2022, up 21 percent from $92,500 in 2021 and up 78 percent from $63,000 two years ago. Despite a market slowdown in the second half of last year, profits rose from 2021 to 2022 in 98 percent of housing markets... Read More »
It is said that a rising tide lifts all boats, but what happens when the tide goes out? That’s the big question for 2023, a year when the real estate market is likely to be battered by inflation, steep interest rates, slow sales, and perhaps even a recession. The case for real estate ownership is compelling even with choppy waters. The Federal... Read More »
Written by Leonard Kiefer, PhD Deputy Chief Economist with Freddie Mac February 15, 2023 This past year has been a tough one for U.S. housing and mortgage markets. After reaching historically low interest rates in early 2021, mortgage rates entered 2022 around 3 percent for the 30-year fixed-rate mortgage. By historical standards a 3 percent... Read More »
