Min 1: Existing Home Sales Stay Frozen Below Five Million Fannie Mae forecast existing home sales at 4.25 million for 2025, up 4.8% from 2024's 4.06 million but still down 20.3% from 2019 levels. Increased inventory rose 19.1% year-over-year to 1.37 million
Min 1: Supply Peak Hits Now But Future Pipeline Evaporated Arbor reported 98.6 billion dollars in multifamily sales through the first nine months of 2024, up 6.6% from the prior year. The 12-month average cap rate held at 5.7%, below historical averages and nearly unchanged year-over-year. Investment
Min 1: Return-to-Office Mandates Reached Tipping Point Amazon announced its five-day in-office requirement in September 2024, catalyzing a corporate wave. NBCUniversal, Microsoft, and Starbucks followed with escalated requirements, some offering exit packages for noncompliant workers. The shift from voluntary returns to mandatory policies changes space demand fundamentally. Office visits reached
Min 1: Supply Peak Already Passed While Demand Accelerates Construction starts hit their eighth consecutive quarter of decline in Q4 2024 according to Newmark's industrial market report. Developer liquidity constraints from higher borrowing costs and reduced bank lending drove the pullback. Ares Management expects new deliveries to fall
Min 1: Albany and Rochester Lead National Value Gains Albany's aggregate home value rose 11.3% to cross $110.7 billion. Redfin confirmed the data showing Rochester climbed 11.2% to $124.3 billion. Newark added 11.1% to hit $410.8 billion while Buffalo gained 11% to
Min 1 Sellers outnumbered buyers by 36.8 percent in October according to Redfin, the largest gap in records dating back to 2013. That buyer-to-seller ratio marked the strongest buyer's market in housing in more than a decade. Yet cost remained the primary obstacle as 75 of top
Min 1 Homebuilder unsold completed inventory hit 16-year high according to ResiClub while builders aggressively offered incentives. Rate buydowns, closing cost credits, and smaller more affordable homes became standard. New home sales remained bright spot averaging 682,000 annualized pace in 2024 versus 595,000 between 2015 and 2019 according
Min 1 Nominal wage growth exceeded home price growth for first time since 2011 according to Fannie Mae economists. Home price appreciation projected at 3.6 percent in 2025 compared to 5.8 percent in 2024 while wage growth remained steady. That crossover created slow gradual affordability improvement nobody recognized
Min 1 Home prices fell in over half of US states in early 2025 particularly in Sun Belt according to mid-year housing analysis. Markets that heated most during pandemic saw steepest declines while Northeast and Midwest showed modest gains. Austin declined 13 percent from peak while Phoenix, Tampa, and Dallas
Min 1 Baby Boomers own 52 percent of nation's wealth including roughly $20 trillion in real estate assets according to Federal Reserve data. They hold 41 percent of all US property despite representing less than 20 percent of population. That concentrated ownership faces liquidation as Boomers age, downsize,
Min 1 Active listings in November jumped 12% higher than November 2023 and hit the highest level since 2020 according to Redfin. More than half of those homes sat on the market for at least 60 days without going under contract. That 55% share marked the highest November percentage since
Min 1 Renter households grew 2% in 2024 to a record 45.3 million while homeowner households increased only 0.6% to 86.3 million according to Redfin analysis of Census Bureau data. That three-to-one growth differential marked the second-fastest renter pace since 2021. Rental households accounted for 55% of