Not All Baby Boomers Are Downsizing
Some want to age in place, keeping close to family and community. There are also concerns about being able to find and afford another place once they sell.
Homeowner Groups Try to Block Investor Buying
Arguing investors are keeping families from being able to buy, some HOAs are trying to cap the number of homes that can be rented out, among other steps.
Fla.’s March Median Prices Up, Supply Tight
Florida Realtors: Fla.’s single-family median price up 21.3% to $396.5K. Condo median price up 27.3% to $308K. Rising rates, prices and tight supply impact sales.
NAR: March Existing Home Sales Slip 2.7%
Year-to-year, total U.S. home sales fell 4.5%. NAR’s chief economist says sharply rising mortgage rates and higher inflation is beginning to impact the market.
Single-Family Starts, Permits Decline in March
Rising rates and supply chain issues impacted single-family starts (-1.7%) and permits (-4.8%). But multifamily starts rose 4.6% and permits were up 10%.