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Rents Are Falling the Most in These Former Pandemic Hotspots

Rents Are Falling the Most in These Former Pandemic Hotspots

Rental prices in the 50 largest U.S. metros dropped by 0.6% in August, with the median rent reaching $1,752 per month, according to Realtor.com. This marks the fourth consecutive month of year-over-year rent declines for studios and one- and two-bedroom properties. While rents are dropping, they remain above pre-pandemic levels, with costs being 23.7% higherRead …

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How Elevated Mortgage Rates Are Affecting Housing Starts

How Elevated Mortgage Rates Are Affecting Housing Starts

New-home construction dropped by 11.3% in August, falling short of expectations as builders shifted their focus from new starts to project completions due to elevated mortgage rates surpassing 7%. The annual pace of housing starts fell to 1.28 million, with single-family home construction posting a 4.3% decline and apartment construction plummeting by 26.3%, according toRead …

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US Metros Where You Can Still Find Affordably Priced Homes

US Metros Where You Can Still Find Affordably Priced Homes

Despite rising mortgage rates and home prices chipping away at housing affordability across the U.S., Realtor.com reports that a number of local real estate markets are still accessible to budget-conscious buyers, with the majority of single-family homes priced at $250,000 or less. These markets are primarily located in the Midwest and the South, with theRead …

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Lionel Messi scores luxe waterfront estate in Fort Lauderdale for $10.8 million

Lionel Messi scores luxe waterfront estate in Fort Lauderdale for $10.8 million

After lighting up the MLS with Inter Miami, Argentinian futbol great Lionel Messi has made a big move—this time, off the pitch. The man widely considered soccer’s GOAT has found a home in South Florida, as he attempts to vault his new squad into the playoff race. Messi paid $10.8 million for his new waterfrontRead …

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