US Real Estate

Falling rents and high costs of buying homes are pushing many people to stick with renting.

Housing affordability remains a major concern, with developers now focusing on building smaller homes.

In North Carolina, Iowa, and Texas, the number of such properties jumped by more than 50 percent on an annual basis.

Gen Z is the most likely to buy older homes needing renovation and struggles the most with the financial burdens of maintaining them.

The unusually shaped A+M House is on the market to rent for $24,500 per month.

Nearly half of new units remain unrented, allowing tenants to negotiate lower rents and lease perks, Redfin reports.

Median monthly housing payments recently hit a record high of $2,882, dampening interest among many prospective homebuyers.

The West leads the nation in micro-housing share.

‘Redfin agents report that some buyers are getting cold feet due to widespread economic and political uncertainty,’ the brokerage says.

The West experienced the largest decline, at nearly 4 percent.

The good news for homebuyers is that prices have dropped.

The age 55-plus segment represents 30 percent of housing sharing and reflects the aging U.S. population.

The median home sale price was $438,466 in April, when there were 1.94 million homes for sale, up by more than 16 percent from a year back.

South Carolina had the highest foreclosure rate, followed by Illinois and Florida.

The report shows that households earning $75,000 annually are unable to afford 75 percent of homes currently listed.

Rising construction costs and high interest rates are making it difficult for builders to deliver affordable homes.

The report indicated that only 9 percent of U.S. homes were built in the 2010s, the lowest share of any decade since the 1940s.

Vermont saw the largest mortgage debt increase in 2024.

Data show a slight decline from 89 percent in the previous quarter, with housing affordability also showing slight improvement.

Many Americans are still being priced out of homeownership due to high interest rates and increasing home costs, according to a real estate finance expert.