WK Real Estate’s Post

RealPage reports that even though inflation slowed down in May, renting is still a popular option for many Americans because of high mortgage rates and not enough single-family homes for sale. The Build-to-Rent (BTR) sector is stepping up to meet this demand, particularly in the South and West. As of May, the South leads the nation with 76,674 BTR units under construction, making up 64% of the national total. The West follows with 28,618 units. The Midwest and Northeast trail with 11,620 and 2,533 units, respectively. BTR units include various housing types such as single-family homes, townhouses, and duplexes. Phoenix leads individual markets with 18,210 units under construction, followed by Dallas (8,198) and Atlanta (7,647). All major Texas markets feature prominently, with significant projects in Houston, Austin, Fort Worth, and San Antonio. Additionally, 14,156 BTR units are planned nationwide, with Phoenix, Charlotte, and Dayton leading the list. Despite financing challenges, the BTR sector remains attractive, offering a single-family lifestyle with the flexibility of renting. Read more: https://bit.ly/4bpEnB3 #MarketRent #RealEstate #BuildToRent #HousingMarket #RentalDemand #HighMortgageRates #SingleFamilyHomes #ConstructionTrends #BTR #PhoenixRealEstate #DallasRealEstate #AtlantaRealEstate #TexasRealEstate #RentalProperties #PropertyInvesting #HousingTrends

🏡 Bay Area Housing Market: Navigating the Challenges and Finding Opportunity 💡 Did you know the minimum income requirement to buy a home in the Bay Area is now a staggering $320,000? That means only 21% of households meet the criteria. Even with the median sales price dipping to $880,000, only 16% of households can qualify for a mortgage, according to the National Association of Realtors. The challenges are real, but so are the opportunities. We’re helping savvy buyers negotiate creative deals to increase affordability and secure their dream homes. From exploring unique financing options to leveraging market trends, we’re turning hurdles into stepping stones. If you’re thinking about buying, don’t let the numbers discourage you. With the right strategy, homeownership in the Bay Area is still within reach! 💬 Let’s connect and discuss how we can help you navigate this market. Together, we can make it happen! #BayAreaRealEstate #HousingMarket #CreativeSolutions #HomeAffordability #RealEstateStrategy

It's no secret that the new home market is thriving thanks to various incentives like mortgage rate buydowns, flex dollars, and more. Zonda tracks these incentives on a community-by-community basis, revealing fascinating trends. Discover which markets have the highest and lowest incentive usage and the average incentive amounts. Learn why nearly 80% of move-up/move-down projects offer incentives and what it means for the housing market. https://ow.ly/MOBJ50SWaEb #RealEstateTrends #HousingMarket#MortgageRates

Is the Florida housing market cooling just as rapidly as it once heated up? The post-pandemic shift means higher inventories and longer selling times in cities like North Port, Tampa, and Cape Coral. With about 40% of sellers slashing prices and homes staying on the market for an average of 53 days, we’re back to pre-pandemic levels. The good news for buyers? A surge in new construction is helping to calm the competition and stabilize prices. Florida is second only to Texas in new home builds, enhancing affordability. For sellers, elevated mortgage rates present a challenge. However, homebuilders are stepping up with incentives to entice buyers—think price cuts and credits for closing costs. Navigating these market shifts requires strategic planning and expert guidance. Whether buying or selling, it’s essential to adapt to these evolving conditions. #FloridaRealEstate #HousingMarket #HomeBuying #RealEstateTrends #MarketUpdate #HomeSelling

According to Redfin, renter households in the U.S. have surged 1.9% year-over-year, growing three times faster than homeowner households. ~ Los Angeles tops the list with over 53% of households renting, followed by San Diego (52.4%) and New York (50.1%). This trend is fueled by rising home prices and mortgage rates, making homeownership increasingly unaffordable. While rent growth has slowed due to a boom in multifamily construction, a decline in new building permits could cause rents to rise again soon. Despite this, nearly two in five renters don’t believe they’ll ever own a home. #HousingMarket #RentersLife #RealEstateUpdate #RealEstateInvesting

National Association of Realtors names Knoxville in their TOP 10 Housing Hot Spots for 2025 NAR identified the 2025 housing hot spots by analyzing how each area performs relative to the national level across the following 10 key economic, demographic and housing factors: 1) Share of locked-in homeowners; 2) Average mortgage rate; 3) Job growth; 4) Share of millennial renters who can afford to buy a home; 5) Net migration to population ratio; 6) Share of households reaching homebuying age in the next five years; 7) Share of out-of-state movers purchasing a home; 8) Share of homeowners surpassing the average length of tenure; 9) Share of starter-owner occupied units; and 10) Home price appreciation.

KC Metro made the list #letsgo #2025goals The 10 Top Housing Hot Spots for 2025 In alphabetical order, the following 10 markets have been identified as the top performers for 2025 due to their strengths across several indicators. All areas offer a favorable financing environment – either with lower proportions of locked-in homeowners or lower mortgage rates. In addition, most of these markets outperform the national average in at least six of NAR’s 10 criteria (details in methodology below). -Boston-Cambridge-Newton, Massachusetts-New Hampshire -Charlotte-Concord-Gastonia, North Carolina-South Carolina -Grand Rapids-Kentwood, Michigan -Greenville-Anderson, South Carolina -Hartford-East-Hartford-Middletown, Connecticut -Indianapolis-Carmel-Anderson, Indiana -Kansas City, Missouri-Kansas -Knoxville, Tennessee -Phoenix-Mesa-Chandler, Arizona -San Antonio-New Braunfels, Texas

🏡 Orange County Housing Market Update 🏡⁠ ⁠ After months of high mortgage rates, we're seeing a positive shift! Rates have dipped into the low 6% range and have remained steady, sparking an uncharacteristic jump in demand this late in the year. Here’s what’s happening:⁠ ⁠ 🔹 Demand is Rising: More buyers are back in the market, drawn by better affordability as rates drop.⁠ 🔹 Rates Have Improved: After topping 7.5% earlier this year, rates have fallen and stayed in the low 6% range.⁠ 🔹 Inventory is Tight: The number of available homes dropped 1% in the last two weeks, creating scarcity and more competition.⁠ 🔹 Market is Heating Up: The Expected Market Time (how long homes take to sell) has dropped from 78 to 71 days—the largest drop at this time of year in 20 years!⁠ ⁠ What this means for you:⁠ 👉 Buyers: This is a great moment to jump in while rates are favorable, and inventory is still available.⁠ 👉 Sellers: With more buyers entering the market, it’s an optimal time to sell!⁠ ⁠ Expect more homes to go under contract in the coming weeks, as buyers take advantage of improved affordability. Whether you're looking to buy or sell, the market is moving—don't miss your opportunity!⁠ ⁠ 📲 Let’s chat about your real estate goals! 949.498.7711⁠ ⁠ #OrangeCountyRealEstate #MortgageRates #InhabitRealEstate #Homebuying

📉 Lack of Affordable Housing in Today’s Market: A Growing Challenge It’s no secret that finding affordable housing in today’s real estate market has become a significant challenge. Rising home prices, limited inventory, and increasing mortgage rates are making it harder for first-time homebuyers and middle-income families to secure homes that fit their budgets. 🏘️ What’s Contributing to the Problem? Low Inventory: Demand far outweighs supply, with fewer affordable homes available for sale. High Costs: Construction costs, labor shortages, and inflation are driving up housing prices. Mortgage Rates: Rising interest rates add additional pressure on monthly payments, pushing homes further out of reach. 🗣️ It’s Time for Solutions: We need sustainable policy changes, creative housing options, and increased awareness of the crisis in order to build a future where homeownership is attainable for all. What are your thoughts? How is the current market affecting your home search or sale? Let’s discuss! ____________________________________ Repost for awareness and education. Follow Melissa Lewis - REALTOR®for daily posts to help you on your homebuying or selling journey.

It's no secret that the new home market is thriving thanks to various incentives like mortgage rate buydowns, flex dollars, and more. Zonda tracks these incentives on a community-by-community basis, revealing fascinating trends. Discover which markets have the highest and lowest incentive usage and the average incentive amounts. Learn why nearly 80% of move-up/move-down projects offer incentives and what it means for the housing market. https://ow.ly/MOBJ50SWaEb #RealEstateTrends #HousingMarket#MortgageRates