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Redfin Reports Monthly Housing Costs Hit All-Time High Amid Economic Uncertainty, Keeping Buyers on the Sidelines

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Mortgage-purchase applications are declining and pending home sales are sluggish The 2025 spring homebuying season is lackluster, with record-high housing costs and widespread economic instability keeping would-be homebuyers at bay, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage-purchase applications are down 6% month over month, and Redfin’s Homebuyer Demand Index—a measure of tours and other buying services from Redfin agents—is essentially flat. Pending home sales fell,

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Americans Need to Earn 70.1% More Today Than Six Years Ago to Afford the Median-priced Home

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A U.S. household now needs to earn $114,000 annually to afford a median-priced home. That’s up 70.1% from $67,000 just six years ago according to the Realtor.com® April Housing Trends Report. While it’s clear that buying a home has become significantly more expensive, there are optimistic signs that today’s market is slowly shifting in buyers’ favor. Inventory is climbing, more sellers are adjusting their prices, and buyers are beginning to gain a bit more leverage in

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Cleveland, Ohio

A Contradictory Market with Plenty of Potential by Carole VanSickle Ellis Although nationwide investor interest in single-family home purchases is declining, the Cleveland, Ohio, market is still heating up. According to Realtor.com, Cleveland rents are startlingly affordable relative to other similarly sized metro areas, and that means increased interest from investors and would-be tenants as national costs of living continue to rise. In December 2024, Cleveland posted the lowest average

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Arrived

Breaking Down Barriers in Real Estate Investing by Carole VanSickle Ellis Early in his career, Ryan Frazier, co-founder and CEO of Arrived, moved around a lot. Frazier founded another company before Arrived, and he was on the go constantly during the nine years he ran that company. “I was never in the same place long enough to where it made sense to start investing in real estate and building home

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Why Multifamily Investments Are Ideal for 2025

Multifamily is Showing Signs of Strong Investment Potential by Andy Bates Even as the first quarter of 2025 has passed, thousands of investors are still uncertain of where and how to do their business in real estate. With final 2024 figures firmly in view, it is easy to understand why that might be. Stymied rent figures in 2024 have made it difficult for investors to source rent-ready properties that cashflow

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2025 ServiceLink State of Homebuying Survey

2025 Reveals Opportunities for Investors by Joseph Ticchione Today’s youngest homebuyers, Gen Z, are ready to make their move and enter the market. But they also are quick to walk away if they do not find exactly what they are looking for. ServiceLink recently released its 2025 State of Homebuying Report which found that the eagerness to buy a home is growing for those born between 1997 and 2012. Sixty-seven

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