Tag

Metropolitan Areas

All articles tagged with #metropolitan areas

real-estate1 year ago•3 min saved

US Home Prices Soar to Record Highs Amid Scarcity

U.S. home prices reached an all-time high in March 2024, with the S&P CoreLogic Case-Shiller 20-city home price index rising by 7.4% year-on-year, marking the highest increase since October 2022. San Diego led with an 11.1% annual gain, while New York and Cleveland followed. The national index saw a 6.5% annual gain, and all metropolitan areas recorded positive monthly growth. The robust housing market performance was highlighted by significant gains in major cities, although some areas like San Francisco and Seattle have not fully recovered from previous peaks.

via Benzinga|

#housing-market-trends #metropolitan-areas #real-estate

population-growth1 year ago•1 min saved

Florida's Rapidly Growing Areas: A Closer Look

Florida dominates the list of fastest-growing metropolitan areas in the U.S. from 2022 to 2023, with The Villages and Wildwood area leading at 4.7 percent population growth, followed by Lakeland and Winter Haven at 3.8 percent. Ocala and Port St. Lucie also made the top five, with the only non-Florida area being Myrtle Beach, S.C. The U.S. Census Bureau noted that this growth reflects a larger trend of population increase across the South, which is the nation's fastest-growing region.

via WFTV Orlando|

#florida #metropolitan-areas #population-growth

real-estate2 years ago•1 min saved

Rent Prices Decline Across US Cities, Except in Cleveland

Rent prices in California's largest metropolitan areas have generally decreased year-over-year, with Sacramento experiencing the largest drop at over 6.5%. However, Los Angeles saw a 4% increase, reaching a median rent of $3,515 per month. Nationally, the median monthly rent was $1,964, slightly lower than December 2022. Factors contributing to this trend include lackluster demand, seasonal trends, and a construction boom leading to rising supply and vacancies. Salt Lake City and Austin experienced the largest declines, while Providence and Columbus saw the largest rent increases.

via KTLA Los Angeles|

#california #housing-market #metropolitan-areas

real-estate2 years ago•2 min saved

"2023 Housing Market: 8 Cities Offering $10K Down Payment Assistance"

Wells Fargo Home Lending is offering $10,000 Homebuyer Access grants to eligible homebuyers in eight metropolitan areas, including Minneapolis-St. Paul, Philadelphia, Dallas-Fort Worth, Washington D.C., Baltimore, Atlanta, Charlotte, and New York/Newark-Jersey City. The grants will be applied towards the down payment and are part of Wells Fargo's efforts to increase homeownership among minority families and support economic growth.

via GOBankingRates|

#down-payment #homebuyers #housing-market

real-estate2 years ago•3 min saved

Rent Prices Soar: Which US States and Metros Experienced the Biggest Spike?

Rent prices in the US have been steadily increasing for the past four months, with a 1.7% growth from May to June and a total increase of over 3% since April. However, prices remain below last summer's peak. The national median rent price is now $2,029, representing a 5% increase from February and the highest price since August 2022. Rent growth has been more moderate compared to previous years, thanks to new inventory and slower-than-normal price increases during the high season for rentals. Rent prices have gone up in the Northeast and Midwest, while the West has seen declines. Among the 50 most populous metropolitan areas, California dominates the list of cities with the largest rent increases, while Austin, Texas, experienced significant rent declines at -14%.

via USA TODAY|

#metropolitan-areas #real-estate #rent-prices

finance2 years ago•1 min saved

The Definition of Wealth: Money or Mindset?

According to Charles Schwab's annual Modern Wealth Survey, Americans say you need a net worth of at least $2.2 million on average to feel wealthy. However, in certain metropolitan areas, such as San Francisco, you need a net worth of $4.7 million to be considered wealthy. The survey examined 12 of the biggest metropolitan areas in the country, covering 13 major cities. Despite these lofty numbers, 48% of Americans say they feel wealthy, with an average net worth of $560,000. Wealth is also a subjective term, with nearly two thirds of survey respondents saying enjoying relationships with loved ones better describes what wealth means to them, rather than having a lot of money.

via CNBC|

#charles-schwab #finance #metropolitan-areas

real-estate2 years ago•4 min saved

The Missing Middle: Affordable Homes for Middle-Class Buyers in Short Supply.

Less than a quarter of the 1.1 million home listings are within financial reach of the typical American household, according to a joint report from the National Association of Realtors and Realtor.com. The housing market is short about 320,000 listings within the price range of buyers earning the median household income of $75,000 a year. The affordability crunch is even worse for people of color. The nation's most expensive metropolitan areas had the fewest homes priced for middle-income buyers. Buyers on a budget will find the greatest selection of affordable homes in the cheaper parts of the country, such as the Rust Belt and Deep South.

via SFGATE|

#affordability #home-listings #housing-shortage

legal-industry2 years ago•0 min saved

Biglaw Billing Rates Soar in Top Cities and Drive Lateral Movement.

According to the latest LexisNexis CounselLink report, Biglaw partner billing rates are surging in certain metropolitan areas of the U.S., with median partner billable rates climbing by higher than 5% in six major cities. While the average partner billable rate increased by 4.5% overall, these cities saw the highest percentage rate increases in 2022.

via Above the Law|

#biglaw #legal-industry #lexisnexis-counsellink

real-estate2 years ago•3 min saved

Comparing Rent and Buying Options in South Florida: Latest Survey Results

Renting is cheaper than buying a home in 45 out of the 50 largest metropolitan areas in the United States, according to a new analysis by Clever. The study analyzed the price-to-rent ratio, which is calculated by dividing the median home price by the median annual rent and compares the cost of buying a home to the cost of renting expressed as a ratio. A ratio of 15 or lower generally means it's better to buy, while 21 or higher means it's better to rent. Three metros with very expensive homes — San Jose, San Francisco and Los Angeles— had the largest average gap between renting and buying in 2023.

via USA TODAY|

#home-prices #housing-market #metropolitan-areas

business2 years ago•2 min saved

"Florida Dominates List of US Metro Areas with Lowest Unemployment Rates"

Four out of the five largest metropolitan areas with the lowest unemployment rates are in Florida, according to the Bureau of Labor Statistics. The Miami metropolitan area and the Birmingham and Hoover, Alabama, metro area tied for the lead with a preliminary unemployment rate of 2.2% in February. Florida's economic growth has been driven by an influx of new residents who have moved to the state in the past year.

via Fox Business|

#bureau-of-labor-statistics #business #economic-growth

real-estate2 years ago•1 min saved

"Hot and Not: Housing Market Trends in Illinois, Phoenix, and Austin-Round Rock"

A recent study by SmartAsset analyzed 400 U.S. metropolitan areas and measured the growth of home value since 1998. While home values on average grew 154% from the start of 1998 through the end of 2022, price growth was significantly stunted in the country's bottom 15 metropolitan areas, six of which are in Illinois. Five of the bottom six cities are in Illinois, with Montgomery, Alabama seeing the smallest amount of growth in home value at just 59.6%.

via NBC Chicago|

#growth #home-value #illinois

real-estate2 years ago•1 min saved

US Housing Market: Mixed Results in Sales and Prices Across Regions.

A recent study by Rocket Homes compared 383 major metropolitan areas to find the best ones for home buyers with household incomes of $65,000 or less. Midwestern metros fared well, helped by lower prices and protection from coastal climate hazards. Wausau, Wis., with a median home price of $228,770 and an estimated monthly mortgage payment of $1,482, came out on top, spurred by low rates of unemployment and crime. Cities in Indiana, Missouri and North Dakota followed. Pittsburgh came in seventh, thanks in large part to the health of its residents. And Chambersburg, Pa., came in eighth, helped by its low crime rate.

via The New York Times|

#budget #first-time-home-buyers #home-buying