If you’re looking for real estate news, there are a variety of sources you can turn to. One of these sources is HousingWire, which provides a wide range of real estate news, from the latest trends in lending and consumer activity to best practices being adopted by leading industry players. You can also read up on economic trends and market conditions. But how can you know what’s important and what’s not? Read on to find out.
Zillow
They are former Microsoft executives who have built a global brand for real estate information. Their mission is to simplify the buying and selling property news and make home shopping easier. Zillow real estate news includes recent sales and market trends.
Blackstone Group LP
Recent real estate news from Blackstone Group LP has been focused on their investments in distressed residential real estate. They have invested in the creation of affordable housing in suburban areas, where there is a severe shortage of new homes for young workers. In 2012, they saw a shortage of housing in the country, and by 2015 they were converting distressed properties into single-family rental units. Now, the company wants to extend this strategy to other parts of the country.
S&P/Case-Shiller index
The S&P/Case-Schiller index for real estate news is the industry’s gold standard. It tracks changes in residential real estate values in 20 major U.S. metropolitan areas. It is published with a two-month lag, and has a range of -0.2% to -12%. The index tracks the price of a typical house in a specific market over a five-year period.
Home rental prices in San Francisco
Home rental prices are not at a historical high, but they are continuing to increase, according to recent data from Bloomberg. Since the pandemic began in March 2020, rents have increased almost 16% nationwide. Miami rents surged more than 34% during that same period, Bloomberg reports. Meanwhile, San Francisco and other coastal cities saw their rents grow the least over that same period. In April, the median asking rent for a one-bedroom apartment in San Francisco was $2,384, a rise of 0.7% month-over-month and 12.1% year-over-year.
National Association of Realtors
The National Association of Realtors is an American trade association of real estate professionals. The organization has been around for over 80 years and is a trusted source for news about the real estate industry. Members of the association include brokers, agents, developers, mortgage lenders, and more. Their daily newsletters and news releases provide valuable information and statistics for real estate professionals. Among its many publications, the association offers news about current trends in real estate.