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Key Points: The national median rent for apartments fell 1% in November from October, and now stands at $1,367, according to Apartment List. The national multifamily vacancy rate was 7.2% in November, a record high. The historic surge in multifamily construction over the past few years is now pulling back, but a good supply of new units is still coming online at a time of much weaker demand. A slew of new supply is still making its way through the multifamily housing market. That, coupled with weakening demand, especially from the youngest workers, is pushing vacancies up and rents down....

A welfare fraud scandal in Minnesota reveals that large numbers of new arrivals aren't assimilating and are funneling our tax dollars to literal terrorist groups. An innocent woman was set on fire in Chicago as the mayor resists federal law enforcement resources to bring peace to one of our great cities. The Obamacare insurance system is buckling under its own weight. And the country is $38 trillion in debt. Our administration is working hard on addressing all of these problems. But you know what really fires up the beltway GOP? Not any of the above. Instead, the political class is...

Good news for Southern California house hunters: estimated values of three-quarters of local homes have fallen in the past year... Most widespread drop was in Los Angeles and Orange counties, where 79% of homes experienced a value decline. That’s the 14th-highest among the 50 metros tracked. Average decline in L.A.-Orange County from recent high valuations was 7.5%, ranking the region No. 29 nationally. However, lower prices don’t always translate into more affordable options for house buyers. L.A.-Orange County owners are slow to sell, with median ownership at 12 years (the second-longest nationally). Despite recent dips, the median home remains valued...

The US housing market is now the strongest buyer's market in records dating back more than a decade, but that doesn't mean they are biting. New Redfin data shows home sellers outnumbered buyers by 36.8 percent in October, with 528,769 more sellers than buyers nationwide. That imbalance is the highest since the years following the 2008 financial crisis, and it has flooded the market with listings and forced sellers to slash prices across much of the country. In theory, buyers should now have the upper hand: more homes to choose from, more room to negotiate, and far less competition. But...

Home values are falling for more than half of America — the biggest share since the country was still clawing its way out of the Great Recession.New data from Zillow shows that 53 percent of US homes have lost value over the past year, the highest level since 2012, when the housing crash finally hit bottom.The national market looks flat on paper, but that average masks huge differences between regions, cities and even neighborhoods. Prices have been slipping in much of the South and West as more homes hit the market and buyers stay on the sidelines. Many would-be buyers...

Vice President J.D. Vance discussed the nation’s affordability crisis and the difficulty for young Americans to purchase homes during an interview with FOX News host Sean Hannity. "A lot of young people are saying housing is way too expensive," Vance told Hannity. "Why is that? Because we flooded the country with 30 million illegal immigrants who were taking houses that ought by right go to American citizens, and at the same time, we weren't building enough new houses to begin with even for the population that we had, so what we're doing is trying to make it easier to build...

We will never get the cost of housing down until we go back to the levels of per capita construction that we had in the 1960s and 1970s. Current zoning laws make that impossible.

The changes follow a class action lawsuit challenging the longstanding fee structure of the entire U.S. real estate system. An important sea change has taken place in the United States' $136 trillion real estate market. It stands to impact nearly everyone buying or selling a home. And it’s due to a game-changing lawsuit against the National Association of Realtors. Consumers face new rules designed for their benefit. But the overhauled system and the fallout are still being figured out. Jared Breit helped spark the real estate revolution. He joined a class action lawsuit challenging the longstanding fee structure of...

For every action, there is an equal and opposite reaction. That applies not only to Newtonian physics but also to markets, even in things like housing. Doral, Florida, is a suburb of Miami, peopled heavily with Venezuelan immigrants. Some of them are citizens, some are in the country legally, and some are not in the country legally. According to a piece in Monday's Wall Street Journal, some of these people are leaving Doral, in no small part due to President Trump's crackdown on illegal immigration, resulting in a spike in Doral's rental housing vacancy rate. That's a good thing. Here's...

Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July to the highest level since January 2022, according to the U.S. Census. It is also the largest one-month gain since August 2022. Sales were 15.4% higher than August 2024. This count is based on people out shopping in August and signing deals, when the average rate on the 30-year fixed mortgage was higher than it is today. That rate started August at 6.63%, according to Mortgage News Daily, and didn’t really move much during the month. The sharp decline in rates began in September, when...

“Passive income.” That’s the sales pitch for rentals. Tenants cover the mortgage, you collect the rent, the property appreciates, and you’re off sipping margaritas. Sounds dreamy… until Saturday morning shows up with a broken appliance. Ask me how I know. Here’s the reality from my own ledger: one of my rental properties in the Finger Lakes, NY area is locked at $2,200/month. That’s the ceiling. Meanwhile the expense list has no ceiling. In the last year alone I replaced the gas range, microwave and dishwasher. That’s just a tiny sample of a seemingly never-ending list of surprise expenses. “Passive” income?...

PRINCETON, Texas — Princeton is growing at the fastest rate in the nation, according to the U.S. Census Bureau. But just south of this Collin County city's limits, along a peninsula of Lavon Lake, lies a master-planned community of single-family homes that are, well, let's say not very "Texas sized," but becoming more popular. Miami-based builder Lennar announced in a press release it is bringing tiny homes – each at less than 700 square feet – to North Texas. The homes are available in a community called Tillage Farms. The two-story homes will start in the mid $100,000s, Lennar said....

Homebuyers are backing out of property purchases last-minute at a higher rate than ever recorded due to fears that a financial crash is imminent. Just four years ago, homebuyers were bidding up house prices and waiving inspections in order to quickly secure fast-selling properties. Today's buyers are moving slowly through the process — negotiating lower prices and obsessing over property details. And they are increasingly getting cold feet and backing out, even after signing contracts. In fact, 58,000 home-purchase agreements were canceled in July alone, according to data collected by Redfin. That's 15.3 percent of all homes that went under...

Gaining residency—the legal right to live in another country long-term—is a cornerstone of most offshore diversification plans. A second residency opens you up to more of the world’s possibilities and enhances your freedom. In times of crisis at home—whether social unrest or another pandemic—it provides a legitimate fallback location. On a practical level, it allows you to stay in a country you enjoy for as long as you wish, without the constraints of tourist status. A second residency can also unlock strategic advantages: preferential tax treatment, access to affordable health care, local discounts, and lower-cost education. While there are many...

China’s richest man just bought an empty piece of land with only a warehouse in New Hampshire and they’re REFUSING to answer questions on what it’ll be used for.. The land cost $15 million, they paid 4X THE COST, $67 million.. It’s right next to important US military bases ... What would happen if we owned any land next to a military base in China? ... China doesn't allow foreigners to purchase land there.

Gavin Newsom is letting the Chinese buy up Pacific Palisades land.. American contractor works in both the Pacific Palisades and Altadena area and confirms Chinese nationals are calling him and asking to buy up 5-6 lots at a time He says China is buying so many properties, it’s “going to turn both Altadena and Pacific Palisades into the type of neighborhoods where you drive down and all of the signage is in Chinese.” “Do you know who's buying up all of the property in the LA fire zones? It's the Chinese. And I've avoided saying this for a while because...

Background: There are forces that create major shifts, and in the last years there has been a lot of talk about how "You'll own nothing and you'll be happy." https://en.wikipedia.org/wiki/You%27ll_own_nothing_and_be_happy That is what I am seeing in the real estate sector. Does anybody have any solid sources on the topic that puts things together (an analytical piece that shows where policy changes are driving what is happening), concerning who actually owns the real estate in the US? It appears, but I have no solid sources, that real estate is getting bought up by commercial investors, and often is longer for...

In the charred aftermath of Malibu’s January wildfires, one buyer has been moving in silence. While much of La Costa Beach remains a barren stretch of sand, a foreign investor has quietly acquired nine oceanfront lots — spending more than $65 million to secure some of the most coveted parcels along the Pacific Coast Highway, according to Realtor.com. Working through luxury agents Weston Littlefield and Alex Howe of the Weston James Group, the buyer is targeting properties with at least 40 feet of frontage, betting that once the coastline is rebuilt, demand from wealthy buyers will return in force. ......

Home prices are being slashed across the US as the housing market cools — with one city seeing them plunge almost seven percent. In July, prices dropped year-over-year in 14 of the 50 most populous US cities — with Florida, California and Texas hit hard, reports Redfin. 'Sellers need to come to terms with two things,' said Redfin agent James Gulden. 'Homes are going to sit longer, and buyers are gaining the upper hand.' Homes are lingering for weeks or months — a stark contrast to the days of bidding wars and same-day offers... the lower prices combined with a...

***At the center of this shocking discovery is what investigators are calling the “Magic Mortgage” Money Laundering Scheme, which appears to be tied directly to ActBlue and its donor channels. This scheme allegedly uses inflated property sales and rapid same-day flips as a pipeline to funnel illicit funds through the U.S. financial and political systems.In a years-long investigation, Finchem’s team, along with whistleblower Shawn Taylor, a former law enforcement officer from Millersville, Tennessee, have uncovered patterns of multiple same-day property transfers where values were inflated by as much as 100 times the original sale amount within hours.***The Press Release That...