55% of homes being built today face fire risk, compared with 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt have driven builders into more vulnerable areas. Recently-built homes are also more likely than older homes to face drought, heat and flood risk, but the gap is […]
Home prices are down 6% from the record high they reached in June, bidding wars are at their lowest level in more than two years and the typical home is finally selling for under its asking price. In July 2022, 53 Austin homes sold for at least $100,000 above their asking price, equal to about […]
The average sale-to-list ratio fell below 100% for the first time since March 2021 and the share of homes with a price drop came down from its record high.
Inflation is hitting young renters hard because the cost of rent and other expenses has increased much faster than their incomes. Millennials who took on a new rental lease in July saw their overall cost of goods and services increase 11.6% year over year, substantially higher than 8.5% for the U.S. population as a whole. […]