Attention Economy


Tuesday, April 25, 2023

US Housing Market - Regional Variations and Price Volatility

Home Buyers Are Eager but Sellers Are Scarce, Creating ‘Real Gridlock’
https://www.nytimes.com/2023/04/29/business/spring-housing-market.html
Homeowners with low-rate mortgages are delaying the decision to sell until market conditions change.

A divided housing market: Zillow says these 294 markets to see home price gains while these 102 markets tick lower

The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1


Miami’s Luxury Rent Surge Means Your Money Goes Half as Far
https://www.bloomberg.com/news/articles/2023-04-25/miami-luxury-rentals-how-much-space-can-i-get-for-2-000-a-week
A $2,000-a-week budget yields 50% less space than it did three years ago in the Florida hotspot.

Profit Margins Are Sliding for Americans Who Sell Their Homes
https://www.bloomberg.com/news/articles/2023-04-27/profit-margins-are-sliding-for-americans-who-sell-their-homes
With the benefit of hindsight, millions of US homeowners inclined to sell would have been better off doing it last spring.
The average profit margin on the sale of median-priced single-family homes and condos fell to 44% last quarter, from a peak of 56% in the second quarter of 2022, according to data published Thursday by Attom, a real estate analytics firm. The numbers cover homes in metro areas with a population of 200,000 or more.