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
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
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
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
Min 1 Data center supply in primary markets increased 34% year-over-year to 6,922.6 megawatts according to CBRE, far surpassing the 26% increase in 2023. Primary markets had record 6,350 megawatts under construction at year-end 2024, more than double the 3,077.8 megawatts at
Min 1 The seller lock-in effect began easing in 2024 according to CoreLogic year-end report. Homeowners with ultra-low mortgage rates started listing properties driven by life events or need to tap accumulated equity. Active listings in November reached highest level since 2020 at 12% above November 2023
Min 1 Insurance premiums grew average 21% between May 2022 and May 2023 according to Harvard Joint Center for Housing Studies. Florida markets saw increases exceeding 200% in hurricane-exposed coastal zones. Property taxes rose simultaneously as municipalities reassessed values based on pandemic-era appreciation. That dual cost escalation transformed
Min 1 The national housing market sits paralyzed while million-dollar properties moved at three times the velocity. National Association of Realtors tracked sales at $1 million or above surging 8.4% from a year ago in August, while overall home sales managed only 1.8% growth. Affluent buyers consumed