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A key home price metric has skyrocketed since 2019

Housing Wire

from May 2019 to May 2024. Among the 50 largest U.S. metro areas, Realtor.com found that homes in New York City , Boston and Nashville led the way with respective appreciation rates of 84.7%, 72.9% Conversely, the metros with the lowest per-square-foot returns were led by Detroit (23.2%), Baltimore (24.8%) and San Jose (26.3%).

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Examining Escalating Rental Prices Post-2019

Appraisal Buzz

Department of Housing and Urban Development (HUD) , paints a stark picture of how Fair Market Rents (FMRs) for one- and two-bedroom units have surged across the country over the five-year span of 2019-2024. Raleigh, North Carolina, for instance, saw the smallest increase in one-bedroom FMRs, with a modest $61 bump since 2019.

Landlords 395
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Eight states now have more unsold inventory than in 2019. Here’s why.

Housing Wire

But still, there are about 300,000 fewer homes on the market now than in August of 2019. So rather than comparing to last year, the closest we get to a “normal” market is to use 2019 as a baseline. And eight states have more unsold inventory than in 2019. Inventory is climbing but it’s still pretty restricted.

Inventory 482
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Skyrocketing home values driving higher property taxes

Housing Wire

since 2019, and theyve jumped 56.8% rise in median property taxes since 2019, followed by Georgia (51.5%), Florida (47.5%), Indiana (44.8%) and Alabama (44.4%). Delaware (7.4%), Idaho (3.7%) and Arizona (5.9%) have risen only modestly since 2019. jump since 2019. in neighboring Broward County. and 59.9%, respectively.

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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. Nationally, 290,000 new properties were built in high-risk flood areas from 2019 through 2023, almost one in five of the 1.6 million built in total in that period, the First Street analysis found.”

Insurance 497
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Housing inventory is up, but so are unsold listings. Are renters to blame?

Housing Wire

Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic. That share is 460 basis points higher than a year ago, and it’s the highest share since November 2019.

Inventory 488
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Why Austin home prices remain stubbornly high

Housing Wire

1 in population growth for eight straight years and The Wall Street Journal named it the hottest job market in 2019 and 2020. But while rising inventory and days on market are proof of lower demand, Austin home prices remain stubbornly elevated above their 2019 levels. higher than 2019 prices.

Inventory 487