October 2024

La Nina Is Coming: How To Prepare and Protect Your House—Based on Where You Live

La Nina Is Coming: How To Prepare and Protect Your House—Based on Where You Live

Weather: It’s the pinnacle of idle chatter—a topic to fill time when talking with folks we have little in common with. But the weather is much more than watercooler talk about the temperature outside right now. And phenomena like El Niño and La Niña merit a much deeper discussion. These climate patterns affect the economy—andRead …

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Single-Family Home Construction Surges in the Northeast

Single-Family Home Construction Surges in the Northeast

A surge of construction activity in the Northeast drove single-family home starts higher in September, as builders rushed to take advantage of a dip in mortgage rates. Nationally, single-family housing starts hit a seasonally adjusted annual rate of 1,027,000 last month, up 2.7% from August’s revised figure, according to [U.S. Census data](https://www.census.gov/construction/nrc/pdf/newresconst.pdf) released Friday. Single-familyRead …

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September 2024 Rental Report: Median Asking Rent Continue to Decline

September 2024 Rental Report: Median Asking Rent Continue to Decline

Highlights – September 2024 marks the fourteenth month of year-over-year rent decline in a row for 0-2 bedroom properties observed since trend data began in 2020. Asking rents dipped by $8 or -0.5% year-over-year. – The median asking rent in the 50 largest metros registered at $1,743, down by $10 from last month and $17Read …

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Mortgage Rates Surge, Putting a Damper on Home Buying and Refinancing

Mortgage Rates Surge, Putting a Damper on Home Buying and Refinancing

The numbers: Applications for mortgages plunged as the 30-year mortgage rate surged. The increase in rates for the third week in a row spooked the housing market, dampening home-buying and refinancing demand. Activity as measured by the market composite index—a measure of mortgage application volume—was down in the past week, according to the Mortgage BankersRead …

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Who Wants an Apartment in New York City? See Where Renters Are Coming From—and How Much They’ll Pay

Who Wants an Apartment in New York City? See Where Renters Are Coming From—and How Much They’ll Pay

People come to New York City from all over the country, lured by the promise of success, money, or adventure. But they’d better have more than a few bucks in their pocket, because the median rent in the Big Apple currently hovers at $3,419 a month. That’s according to a new report by Realtor.com®, whichRead …

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‘Jackass’ Star Bam Margera Lifts the Lid on Wild Secrets of His Pennsylvania ‘Castle’—and the Crazy Pranks It Played Host To

‘Jackass’ Star Bam Margera Lifts the Lid on Wild Secrets of His Pennsylvania ‘Castle’—and the Crazy Pranks It Played Host To

“Jackass” stuntman Bam Margera has delved into the fascinating history of his now-infamous [Pennsylvania](https://www.realtor.com/realestateandhomes-search/Pennsylvania) home in a new YouTube video—revealing how he created an outrageous domain that is far beyond even the wildest imaginings. The former professional skateboarder, whose real name is Brandon Cole “Bam” Margera, opened up about the history behind the property, whichRead …

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7 Desirable Cities Where New Homes Are Hitting the Market—and Mortgage Payments Are Going Down

7 Desirable Cities Where New Homes Are Hitting the Market—and Mortgage Payments Are Going Down

Finally, there is good news for homebuyers who have long put off jumping into the housing market due to scarce housing stock and large monthly mortgage payments. Mortgage interest rates fell in mid-September after the Federal Reserve finally cut borrowing rates, which in turn helped tamp down mortgage rates. This resulted in some sellers breakingRead …

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Florida Home That Last Sold for $1.45 Million Hits the Market for Just $50,000—but There’s a Major Catch for Buyers

Florida Home That Last Sold for $1.45 Million Hits the Market for Just $50,000—but There’s a Major Catch for Buyers

If you thought moving homes was a hassle—what about buying a property that actually requires you to move the home itself? That’s the monumental task awaiting one ambitious homebuyer daring enough to snap up a recently listed Sarasota, FL, property that is on the market for just $50,000. The place was last purchased for theRead …

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