Memphis Real Estate News
Memphis
Architecture Industry Sees Mixed Signals as 2025 Approaches
While the AIA/Deltek Architecture Billings Index (ABI) dipped slightly below 50 in November 2024, the score hovered near the threshold, reflecting an almost equal split between firms reporting increases and decreases in billings.
More Americans Opting for Renting Over Homeownership in 2024
According to new research by CBRE, the rising cost of homeownership is prompting more Americans to opt for renting. On average, monthly mortgage payments for new homes are currently 35% higher than apartment rents, creating a significant affordability gap.
Older Americans More Likely to Buy Disaster-Prone Homes
According to a new Redfin report, older Americans are more likely to buy homes in areas with significant climate risk compared to younger Americans.
Post Trump Election, U.S. Homebuyer Sentiment Hits 3-Year High in November
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 0.4 points in November 2024, reaching 75.0, continuing its recent sharp upward trajectory.
