Category Archives: Residential

Another Top-10 List — Metros with Greatest Number of Listings with Prices at $100,000 or Less

Affordability is the new battle cry across the U.S. as home prices continue to escalate at a rate much greater than the corresponding growth in incomes.  This particular affordability issue is being driven by demand simply outstripping supply. From a construction perspective, the U.S. continues to under-build housing.  In the 12-months ending April 2018, a …Read more

Year-To-Date Existing Home Sales Down 0.65 Percent, Seasonally Adjusted Homes Sales Off 1.4 percent Year-Over-Year in April 2018

Tight inventories of listings for sale and rising residential mortgage interest rates slightly deflected existing home sales in April 2018 as reported by the National Association of Realtors®.   Actual sales in April 2018 of 460,000 compared to 447,000 a year ago were up 2.9 percent, but sales year-to-date dipped 0.65 percent.  From a seasonally adjusted …Read more

Another Top-10 List — Richest Cities in America 2018

While the typical American household earns a median income of $57,617 annually, there are some cities where more than one-half earn more than $70,000 per year.  As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market or a National Economy.  The same is true about incomes. …Read more