Milat Market Report

Real Estate News Highlights.

[Milat Market Report @MMarketReport]

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[Milat Market Report @MMarketReport]

Homebuilder sentiment drops to a 5-month low as rising costs and tariff concerns strain the market. Per CNBC, high mortgage rates and affordability issues add to supply worries ahead of spring.

[Milat Market Report @MMarketReport]

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[Milat Market Report @MMarketReport]

Per CNBC, mortgage rates dipped slightly last week, sparking a surge in refinance applications—jumping 10% in just one week and 33% compared to last year. However, home purchase applications fell again as buyers face high prices and limited options.

[Milat Market Report @MMarketReport]

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[Milat Market Report @MMarketReport]

According to Redfin, Austin’s median asking rent fell 16% year over year in January, marking the largest drop among major U.S. metros. Rents are now $400 below their peak from August 2023. Texas and Florida, with high construction activity, are seeing significant rental declines.

[Milat Market Report @MMarketReport]

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[Milat Market Report @MMarketReport]

Housing affordability remains a major challenge, especially for single and divorced individuals. According to Redfin, nearly 70% of them struggle to afford their rent or mortgage, compared to just over half of married people. Splitting costs makes a huge difference.

[Milat Market Report @MMarketReport]

For more details, check the link in bio!

[Milat Market Report @MMarketReport]

Per CNBC, New York City’s office space demand is back to where it was before the pandemic! With companies calling employees back to the office and job growth in key industries, leasing activity is accelerating. Analysts predict even stronger demand in 2025.

[Milat Market Report @MMarketReport]

For more details, check the link in bio.

[Milat Market Report @MMarketReport]

Downtown Seattle rents saw their first increase in over a year, up 2.5% in December, per Redfin. This shift comes as Amazon's return-to-office policy has more workers commuting downtown.

[Milat Market Report @MMarketReport]

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[Milat Market Report @MMarketReport]

Per Redfin, the income required to rent the median U.S. apartment has dropped to $63,680—the lowest since March 2022. With steady incomes and increased housing supply, rental affordability is showing positive trends for many.

[Milat Market Report @MMarketReport]

For more details, refer to the link in bio!

[Milat Market Report @MMarketReport]

Redfin reports that President Trump’s initial actions in his second term could slightly ease mortgage rates. This is tied to a more lenient approach to tariffs than expected, which offers a glimmer of relief for homebuyers navigating the housing market.

[Milat Market Report @MMarketReport]

For more details, check the link in bio!

[Milat Market Report @MMarketReport]

According to Redfin, softer-than-expected core inflation in December offers a glimmer of hope for mortgage rates, with shelter inflation showing its slowest annual growth since March 2022. While rates may ease slightly, they’re expected to hover around 7%.

[Milat Market Report @MMarketReport]

For more details, refer to the link in bio.

[Milat Market Report @MMarketReport]

Per CNBC, LA wildfire victims face skyrocketing rents and price gouging beyond legal limits, leaving families in a desperate scramble for housing amid rising costs.