Residential Real Estate News
Top Residential Real Estate News
U.S. Residential Asking Rents End 2024 at Lowest Levels in 3 Years
According to Redfin, the median U.S. asking rent fell 0.3% year-over-year in December 2024, reaching $1,594--the lowest figure since March 2022. This represents a 0.1% decline from the previous month and a 6.2% drop from the record high of $1,700 in August 2022.
World Property Markets to Commence Industry-wide Joint Venture Fundraise
Michael Gerrity, founder of the Miami-based real estate technology developer World Property Ventures, just announced that its newly formed subsidiary, World Property Markets, will soon launch a major joint-venture funding round in early 2025.
One Third of U.S. Homeowners Say They Will Never Sell
A recent survey commissioned by Redfin reveals that more than one-third (34%) of U.S. homeowners have no plans to ever sell their home, while an additional 27% say they wouldn't consider selling for at least another 10 years.
Catastrophic Wildfires Devastating Tens of Billions of Dollars of Southern California Properties
According to new data from CoreLogic, the Palisades Fire ignited on January 7, 2025 at approximately 10:30 a.m. PST in Pacific Palisades, California. Driven by fierce winds exceeding 40 mph, the fire quickly consumed around 200 acres and continued spreading at an alarming pace.
