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Realtor.com® Housing Report: Home Prices Reach New High at $380,000 in May

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SANTA CLARA, Calif., June 3, 2021 /PRNewswire/ The U.S. median home price continued its double-digit appreciation in May reaching a new an all-time high of $380,000, but in a good sign for home shoppers contending with a competitive housing market, the rate of price growth moderated for the second time in 13 months,
1 according to the Realtor.com
®
In what is looking more like a typical home-buying season, sellers continued to come to the market in May with new listings up 5.4% year-over-year. However, with less than half the total number of homes for sale compared to last year, homes are selling 32 days faster than a year ago and 18 days faster than 2017-2019. It is important to note that the housing market stalled during the early days of the pandemic last April and May, exaggerating many of the year-over-year comparisons. To provide perspective, 2017-2019 comparisons are provided when appropriate. ....

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15 Cities With the Highest HOA Fees

15 Cities With the Highest HOA Fees
Homeowner association fees can take a big bite out of your budget in these cities.
Editor s Note: This story originally appeared on Inspection Support Network.
When considering whether to buy a home, homeowner association (HOA) fees need to be factored into the decision. In some cities, HOA fees can cost hundreds of dollars per month, making up a significant portion of monthly housing costs. According to data from the U.S. Census Bureau, among homeowners with a mortgage who pay HOA fees, the median HOA fee is $290 per month and about 6% of homeowners pay them, but both the dollar amount and the proportion who pay vary widely across the country. ....

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Cities with the Greatest Resurgence in Transit Use

Which U.S. cities have been the quickest to return to public transportation during the pandemic? ....

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Realtor.com® April Rental Report: Rents Begin to Rebound in Tech Hubs

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SANTA CLARA, Calif., May 18, 2021 /PRNewswire/ With tech companies beginning to announce their return to office plans, the rental markets in the nation s largest tech hubs began to turn around in April, while rental markets across the country took a big step toward returning to pre-pandemic norms, according to the realtor.com
®
In April, the U.S. median rent averaged $1,483, up 2.7% year-over-year and the fastest growth since March 2020. Prior to the onset of COVID in March 2020, rents were growing 3.2% annually. Rents in the nation s largest tech cities, which saw prices fall dramatically in 2020 due to remote work, were down 5.4% from a year ago, an improvement from the 6.6% decline registered in February. ....

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