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Not All Luxury Is Created Equal: Realtor.com® Maps 7 Levels of the High-End Market, From $680K to $75 MillionJune 25, 2026 6:00 AM
PR Newswire (US) From regional hubs where luxury starts below $1 million to enclaves where nearly every listing clears that mark, the high-end market defies a single price thresholdAUSTIN, Texas, June 25, 2026 /PRNewswire/ -- As million-dollar price tags have become more common across the country, a new Realtor.com® report finds that in many markets, $1 million still buys something different: luxury. Realtor.com®'s 7 Levels of Luxury report maps the high-end market from Huntsville, Ala., where top-tier homes start near $759,000, to Aspen, Colo., where the 90th percentile of listings begins at nearly $25 million, revealing a luxury market that operates less like a single category and more like seven distinct ones.The national baseline tells part of the story. As of May 2026, it takes roughly $1.28 million to reach the top 10% of homes nationally, up from about $1 million before the pandemic-era price surge. Million-dollar listings now represent 13.8% of all active inventory, compared to a pre-pandemic share of around 9%. But those averages obscure a wide range of what a million dollars actually buys. In markets like Huntsville and Lincoln, Neb., $1 million places a buyer firmly in the luxury tier, in homes averaging more than 4,300 square feet with newer construction and premium finishes. In Los Angeles, that same budget covers less than half the market.The National Luxury Landscape, May 2026Median Listing Price$430KLuxury Threshold 90th Percentile$1.28MHigh-End Luxury Threshold 95th Percentile$2.0MUltra Luxury Threshold 99th Percentile$5.57MMillion-Dollar Listing Share13.8 %Median Square Feet $1- $2 Million2,986"Luxury is not a price point, it's a percentile," said Anthony Smith, Senior Economist at Realtor.com®. "What defines high-end housing in Huntsville or Lincoln looks nothing like what defines it in Jackson Hole or Malibu. The million-dollar benchmark was never a universal standard, and the data makes that clear."The seven levels range from regional hubs, where large employers and land availability keep the luxury floor well below the national threshold, to markets that operate beyond the data: exclusive ZIP codes and island communities where the pool of potential buyers numbers in the thousands, not the millions. The table below shows one representative market per level, illustrating approximately how far the entry point to luxury can stretch.The 7 Levels at a Glance: How the Luxury Entry Point Varies by MarketLevelDescriptionRepresentative MarketMedian
Listing
Price90th
Percentile
(Luxury
Entry)Million-Dollar
Listing Share1Regional HubsHuntsville, AL$376K$759K3.8 %2Emerging MarketsFayetteville-Springdale-Rogers, AR$459K$1.08M11.3 %3Established MetrosAtlanta-Sandy Springs, GA$425K$994K9.8 %4Access Trade-Off & Rapid GrowthSeattle-Tacoma-Bellevue, WA$780K$2.09M33.4 %5Intentional Destinations Westchester County, NY$750K$2.78M33.9 %6Ultraluxury -Pure Luxury Jackson, WY-ID$1.72M$7.32M66.1 %7Elite UltraluxuryFisher Island, FL$10.98M$35.60M100.0 %Within each level, the trade-offs are distinct. Level 1 markets like Huntsville and Lincoln, Neb., keep the luxury floor below $1 million, with newer construction and premium finishes that reflect how far a dollar goes when land isn't scarce.At Level 2, emerging markets like Fayetteville-Springdale-Rogers, Ark., are actively building their luxury tiers, with more than 30% year-over-year growth in million-dollar listings. Level 3 established metros like Atlanta offer the widest range: a luxury entry at $994,000 and a media of 4,669 square feet in the $1 million to $2 million range."The markets that tend to surprise people are the ones where a million dollars goes furthest," said Anthony Smith, Senior Economist at Realtor.com®. "In Huntsville or Lincoln, that budget puts you in a 4,000-plus square foot home at the top of the local market. That's not a compromise — that's luxury by any definition."Level 4 markets like Seattle and Boise, Idaho, reflect lasting pandemic-era demand: Boise is one of only two metros nationally to fully surpass its pre-pandemic luxury peak. Level 5 and 6 markets, including Jackson, Wyo., and Martha's Vineyard, Mass., are defined by geographic constraints, limited buildable land, and in some cases, favorable tax structures that draw ultrahigh-net-worth buyers.At the top of the framework, Level 7 markets operate in a category of their own, with buyer pools numbering in the thousands globally.Appendix: The 7 Levels of Luxury — Market-by-Market BreakdownAreaGeo
TypeMedian
ListingMillion
Dollar
Listing
ShareMillion
Dollar
Listing
CountMedian
SqFt $1 -
$2 Million90th
Percentile
Listing Price95th
Percentile
Listing Price99th
Percentile
Listing PriceLevel 1 - Regional HubsHuntsville, ALMetro$376K3.8 %1144,387$759K$946K$1.47MLincoln, NEMetro$419K5.2 %454,601$800K$1.00M$1.83MRochester, MNMetro$425K9.2 %584,358$906K$1.24M$2.24MChattanooga, TN-GAMetro$400K7.8 %2243,700$875K$1.30M$2.62MAmarillo, TXMetro$318K4.4 %334,120$749K$984K$1.73MLevel 2 - Emerging MarketsFayetteville-Rogers, ARMetro$459K11.3 %3623,678$1.08M$1.50M$2.95MDurham-Chapel Hill, NCMetro$489K16.1 %3233,930$1.25M$1.75M$3.30MColorado Springs, COMetro$498K10.0 %3534,469$998K$1.34M$2.38MKnoxville, TNMetro$460K11.1 %3573,886$1.08M$1.49M$3.24MSavannah, GAMetro$410K10.3 %2503,201$996K$1.50M$3.49MLevel 3 - Established MetrosAtlanta-Sandy Springs, GAMetro$425K9.8 %2,7084,669$994K$1.45M$3.20MDallas-Fort Worth, TXMetro$436K10.7 %3,0064,080$1.06M$1.65M$4.19MPhoenix-Mesa-Chandler, AZMetro$498K16.5 %3,2153,180$1.45M$2.50M$6.56MLas Vegas-Henderson, NVMetro$475K12.7 %1,2463,563$1.20M$2.06M$5.93MOrlando-Kissimmee-Sanford, FLMetro$420K8.4 %1,1213,630$923K$1.40M$3.49MLevel 4 - Access Trade-Off & Rapid GrowthNew York-Newark-Jersey City, NYMetro$775K34.4 %12,7711,950$2.90M$4.86M$14.78MLos Angeles-Long Beach, CAMetro$1.10M53.6 %9,9281,966$4.19M$7.22M$21.92MMiami-Fort Lauderdale, FLMetro$499K22.9 %10,0602,134$2.50M$4.56M$14.89MSeattle-Tacoma-Bellevue, WAMetro$780K33.4 %3,4902,650$2.09M$2.90M$6.49MBoise City, IDMetro$629K22.7 %6103,220$1.45M$1.99M$3.49MLevel 5 - Intentional DestinationsKey West-Key Largo, FLMicro$1.20M58.2 %8081,600$4.80M$7.0M$25.0MBridgeport-Stamford-Danbury, CT (Greenwich)Metro$847K42.7 %6033,500$4.2M$6.86M$18.88MWestchester County, NYCounty$750K33.9 %5212,842 $2.78M$4.09M$9.02MSonoma County, CACounty$998K50.0 %5442,311$3.5M$5.44M$10.79MLevel 6 - Ultraluxury -Pure LuxuryHailey, IDMicro$1.25M53.1 %1042,154$8.93M$13.61M$22.03MJackson, WY-IDMicro$1.72M66.1 %2402,246$7.32M$13.14M$37.96MSanta Barbara County, CACounty$1.80M70.2 %4322,118$9.00M$15.45M$38.07MNapa County, CACounty$1.40M63.7 %3382,100$5.5M$8.18M$18.5MVineyard Haven, MAMicro$2.50M90.9 %1702,348$7.95M$12.71M$21.75MKapaa, HIMicro$1.40M66.4 %2451,443$6.09M$8.55M$19.89MHeber, UTMicro$1.45M63.5 %8132,819$6.25M$8.70M$21.22MLevel 7 - Elite UltraluxuryAspen, CO (81611)ZIP$2.72M60.1 %1251,805$24.95M$34.98M$74.45MNewport Coast, CA (92657)ZIP$12.50M100.0 %455,145$46.50M$63.59M$66.53MFisher Island, FL (33109)ZIP$10.98M100.0 %443,600$35.60M$44.10M$53.32MBeverly Hills, CA (90210)ZIP$9.38M99.2 %2375,390$29.75M$38.70M$78.28MBridgehampton, NY (11932)ZIP$10.49M100.0 %365,578$25.00M$33.38M$60.60MBel Air, CA (90077)ZIP$7.43M92.4 %1095,210$39.99M$55.00M$128.10MWater Mill, NY (11976)ZIP$7.85M98.7 %746,384$28.75M$33.05M$66.09MAtherton, CA (94027)ZIP$14.80M100.0 %136,914$32.35M$40.10M$47.76MUpper West Side, NY (10023)ZIP$1.7066 %1281,291$9.72M$15.99M$48.06MMidtown, NY (10019)ZIP$1.6570 %961,200$11.40M$19.40M$46.50MMethodologyAll data in this report is sourced from Realtor.com® listing trends as of May 2026, reflecting active inventory of existing homes, including single-family residences, condos, townhomes, row homes, and co-ops. Listings reflect only those provided by MLS platforms to Realtor.com® via a listing feed. New-construction listings are excluded unless actively listed on participating MLSs.Luxury segmentation is based on market-specific price percentiles, with the 90th percentile representing entry-level luxury, the 95th percentile marking high-end luxury, and the 99th percentile indicating ultraluxury. All calculations are based on listing prices, not final sales prices.Metropolitan and micropolitan areas are defined using the Office of Management and Budget's OMB-2023 delineations, with Claritas 2025 household estimates used for relative comparisons. Where appropriate, we limited analysis to metros or micros with a minimum threshold of active million-dollar listings on average over the past year to ensure meaningful comparisons.Historical listing trend data extends to July 2016, but year-over-year comparisons in this report use May 2025 as the baseline.Luxury by the Numbers90th percentile = Entry-level luxury (top 10% of prices)95th percentile = High-end luxury99th percentile = Ultraluxury (often rare or custom properties)About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com View original content:https://www.prnewswire.com/news-releases/not-all-luxury-is-created-equal-realtorcom-maps-7-levels-of-the-high-end-market-from-680k-to-75-million-302809663.htmlSOURCE Realtor.com Original: Not All Luxury Is Created Equal: Realtor.com® Maps 7 Levels of the High-End Market, From $680K to $75 Million

Mega Investors Retreat, but the Investor Market Holds Its Ground: Realtor.com® ReportJune 23, 2026 6:00 AM
PR Newswire (US) Small Investors Dominate Purchases as Mega-Investors Continue to Retreat from the MarketAUSTIN, Texas, June 23, 2026 /PRNewswire/ -- As home sales fell to a multi-decade low in 2025, investor buying activity held steady, reaching 11.3% of all purchases – up from 11.0% in 2024 – while investor selling eased for the first time in two years, according to the annual Realtor.com® Investor Report. Roughly 534,000 homes were purchased by investors in 2025, a 0.7% year-over-year increase, even as overall non-investor home sales fell 2.1%. Meanwhile, investors sold 442,000 properties, 1.5% fewer than the prior year and the lowest count since 2020, signaling that investors are no longer unwinding pandemic-era positions at the pace seen in previous years."The investor market has found a new equilibrium," said Hannah Jones, senior economist, Realtor.com®. "With small investors now comprising nearly two-thirds of all investor purchases and large institutional players continuing to pull back, the dynamics shaping competition in entry-level housing are shifting – but that competition hasn't gone away, particularly in affordable Midwest and Sun Belt markets."While all home sales were down more than 25% compared to the 2021–2022 peak, investor purchases were down a smaller 22.6% over the same period. Zooming out further, overall home sales fell 14.3% relative to pre-pandemic levels, while investor acquisitions rose 14.6% – a divergence that underscores investors' persistent engagement even as typical buyers remain on the sidelines.Investor Seller Activity Eases After Two Years of Elevated SellingAfter two consecutive years of record-high selling, investors showed meaningful signs of stepping back from the sell side in 2025. The share of investor sellers held at 9.3% in 2025 – matching its 2024 level – but the absolute count of investor sales edged down from 448,000 to 442,000. As a result, net investor accumulation – the gap between purchases and sales – widened from roughly 80,000 properties in 2024 to approximately 92,000 in 2025.Despite the year-over-year easing, investor sell share of 9.3% remains well above the pre-pandemic norm of 6.7%, a residual effect of the aggressive accumulation that took place in 2021 and 2022. Still, the direction of travel has shifted. Investors are no longer flooding supply at the pace seen during the post-pandemic correction, and the market appears to have found a more stable footing.Small Investors Continue to Grow Share; Mega-Investors Hit Decade-Plus LowThe pandemic era reshaped not just how many investors are active in the housing market, but who those investors are. In 2021 and 2022, mega investors – those with 350 or more purchases – briefly expanded their typical share of all investor purchases to more than 16% at their 2021 peak. By 2025, mega investors accounted for just 7.5% of investor purchases, their smallest share since 2011 – and their purchase volumes are down nearly 70% from that peak.Small investors, corporate entities with fewer than 10 total purchases, have always been the majority of the investor buyer market, and that dominance has deepened. As larger operators pulled back, small investors' share of all investor purchases climbed to roughly 63% in 2025, the highest concentration of small-investor activity in more than 15 years. While all other investor size categories have transitioned to net-selling over recent years, small investors remain steadfast net-buyers, acquiring approximately 53,000 more properties than they sold in 2025."Small investors are the stable floor beneath the more volatile institutional activity," said Jones. "They purchase at a median of $330,000 nationally – about 25% below the overall market median of $440,000 – meaning they are systematically active in the entry-level tier where first-time buyers are also competing. In high-investor metros like Kansas City, that gap stretches to more than $100,000, making the overlap with first-time buyer budgets particularly acute."Large investor purchases are down approximately 30% from their peak and continue to decline, while mega-investor net accumulation has flipped sharply negative. Over the past three years, mega investors have sold roughly 135,000 more properties than they purchased, a meaningful, if gradual, release of supply back to the market.Midwest and Sun Belt Drive Investor ActivityInvestor activity in 2025 remained highly concentrated geographically. Among the 50 largest metros, Memphis, Tenn. (23.7%), Kansas City, Mo.-Kan. (21.2%), and St. Louis, Mo. (21.1%) led the nation in investor buyer share, meaning roughly one in four or five homes sold in these markets went to a corporate investor. Birmingham, Ala. (21.0%) and Oklahoma City, Okla. (17.9%) rounded out the top five. These markets share a common profile: relatively affordable median prices, strong rental demand, and sufficient transaction volume to attract both local small-investor operators and investors expanding regional footprints.Metros with the Highest Investor Buyer Share for 2025Metro2025 Investor Buyer ShareYYMemphis, TN-MS-AR23.7 %1.2 %Kansas City, MO-KS21.2 %1.5 %St. Louis, MO-IL21.1 %1.2 %Birmingham, AL21.0 %3.2 %Oklahoma City, OK17.9 %-1.9 %Las Vegas-Henderson-North Las Vegas, NV16.5 %2.7 %San Antonio-New Braunfels, TX15.9 %1.5 %Dallas-Fort Worth-Arlington, TX15.6 %0.8 %Indianapolis-Carmel-Greenwood, IN15.1 %-0.5 %Cleveland, OH15.0 %2.3 %The Sun Belt picture is more varied. San Antonio, Texas (15.9%) and Dallas-Fort Worth (15.6%) remain deeply investor-active, sustained by population growth and a steady supply of entry-level inventory. Birmingham and Las Vegas saw the most dramatic year-over-year acceleration among large metros, with investor buy share rising 3.2 and 2.7 percentage points, respectively. The surge in Las Vegas was driven in part by softening prices creating renewed acquisition opportunities for investors who had largely exited the market during the 2022–2023 rate shock.On the other end of the spectrum, high-cost West Coast and Northeast markets remained the least investor-penetrated among major metros. Portland, Ore. (5.8%), Sacramento, Calif. (6.1%), and Hartford, Conn. (6.1%) all sat well below the national average, reflecting higher purchasing costs, compressed rental yields, and in several cases policy environments that have made residential investment less attractive. Both Sacramento and Portland registered as net investor-selling markets in 2025, as investors continued offloading pandemic-era accumulation."Atlanta is perhaps the most striking reversal in the data," said Jones. "Once among the most investor-active markets in the country, Atlanta's investor buy share has now fallen below its pre-pandemic baseline at 10.0% – and investors were net sellers there in 2025 by nearly 1,800 properties, the largest negative net position of any major metro. The combination of elevated prices, a softening rental market, and significant earlier accumulation appears to have pushed that market into an ongoing offload cycle."The Affordability Lens: Where Investors and First-Time Buyers OverlapAggregate investor share figures tell part of the story, but the more consequential question for housing affordability is which segment of the market investor activity is concentrated in. Kansas City and Charlotte, North Carolina illustrate the range of dynamics at play.In Kansas City, investors purchased 21.2% of all homes sold in 2025, up 1.5 percentage points year-over-year. Small investors alone accounted for 9.5% of all purchases – nearly 2.5 percentage points above the national small-investor average. Small investors purchased at a median of $240,000 against an overall market median of $347,000, a gap of more than $100,000, placing their activity squarely in the tier most accessible to first-time and moderate-income buyers.Charlotte tells a more encouraging story. After investor buy shares peaked at 18.5% in 2022, driven by mega and large investors capitalizing on the region's pandemic-era price appreciation, activity has pulled back to 13.6% in 2025. Mega investors, who briefly accounted for 6.4% of all Charlotte home purchases in 2021, retreated to just 2.3% by 2025. The institutional surge has receded; the small-investor presence has not, with small investors' share of all purchases growing modestly even as total investor activity declined. Small investors in Charlotte purchased at a median of $250,000 against a market median of $410,000 – a discount of 39%.Looking AheadThe 2025 data describes an investor market that has found a new floor rather than continuing to retreat. Investor purchase share has now held above 11% for three consecutive years, and with small investors comprising two-thirds of all investor activity, that floor is unlikely to erode quickly even if financing conditions remain challenging. The composition shift away from mega investors removes one source of potential future surge, but it also removes the most likely source of large-scale market exit. Absent a significant change in the rental economics that sustain small-investor returns, or policy intervention targeting corporate ownership at the local level, 2025's elevated-but-stable investor share appears to represent the new baseline.Metro Investor Data – 50 Largest U.S. MarketsMetroCount Investor PurchasesShare Investor BuyersInvestor Buyer Median Purchase AmtShare Investor SellersDif Inv vs Market Median Purchase AmtAtlanta-Sandy Springs-Roswell, GA1024510.0 %$315,00011.7 %-18.4 %Austin-Round Rock-San Marcos, TX562912.4 %$408,75011.1 %0.6 %Baltimore-Columbia-Towson, MD535413.3 %$198,00011.5 %-48.6 %Birmingham, AL533921.0 %$206,00014.4 %-17.6 %Boston-Cambridge-Newton, MA-NH32147.0 %$657,0004.9 %-6.1 %Buffalo-Cheektowaga, NY8197.8 %$155,0006.0 %-41.5 %Charlotte-Concord-Gastonia, NC-SC741313.6 %$300,00011.6 %-25.0 %Chicago-Naperville-Elgin, IL-IN123519.9 %$250,0008.1 %-28.6 %Cincinnati, OH-KY-IN359011.0 %$164,9009.1 %-41.3 %Cleveland, OH419215.0 %$115,00011.6 %-49.3 %Columbus, OH417013.4 %$225,0009.1 %-33.8 %Dallas-Fort Worth-Arlington, TX2242115.6 %$290,62513.2 %-22.5 %Denver-Aurora-Centennial, CO40888.7 %$440,0009.0 %-23.5 %Detroit-Warren-Dearborn, MI731812.0 %$100,00010.4 %-60.0 %Hartford-West Hartford-East Hartford, CT7616.1 %$250,0004.2 %-33.3 %Houston-Pasadena-The Woodlands, TX1846513.5 %$259,02311.7 %-18.2 %Indianapolis-Carmel-Greenwood, IN700415.0 %$176,95413.9 %-41.6 %Jacksonville, FL488114.5 %$280,00014.1 %-21.4 %Kansas City, MO-KS981021.2 %$250,00015.5 %-25.4 %Las Vegas-Henderson-North Las Vegas, NV741516.5 %
13.6 %
Los Angeles-Long Beach-Anaheim, CA897111.6 %$1,200,00010.0 %22.3 %Louisville/Jefferson County, KY-IN322113.6 %$185,48311.3 %-30.5 %Memphis, TN-MS-AR461723.7 %$126,00017.5 %-46.4 %Miami-Fort Lauderdale-West Palm Beach, FL1316414.7 %$460,00010.5 %-6.5 %Milwaukee-Waukesha, WI218911.1 %$163,5009.9 %-49.3 %Minneapolis-St. Paul-Bloomington, MN-WI42387.5 %$284,84810.2 %-25.0 %Nashville-Davidson--Murfreesboro--Franklin, TN491911.7 %$550,00010.1 %20.9 %New York-Newark-Jersey City, NY-NJ1566210.5 %$680,0007.1 %-0.7 %Oklahoma City, OK441617.9 %$138,00016.1 %-43.6 %Orlando-Kissimmee-Sanford, FL620813.4 %$355,50010.6 %-12.7 %Philadelphia-Camden-Wilmington, PA-NJ-DE-MD1102614.1 %$210,50011.0 %-43.1 %Phoenix-Mesa-Chandler, AZ1133111.8 %$540,00010.8 %13.4 %Pittsburgh, PA294010.1 %$110,0005.7 %-53.2 %Portland-Vancouver-Hillsboro, OR-WA18535.8 %$465,0006.5 %-14.5 %Providence-Warwick, RI-MA12047.9 %$375,0005.4 %-21.9 %Raleigh-Cary, NC325710.0 %$437,75010.6 %-3.5 %Richmond, VA218910.9 %$235,00011.2 %-40.0 %Riverside-San Bernardino-Ontario, CA38507.3 %$532,0008.1 %-7.5 %Sacramento-Roseville-Folsom, CA17596.1 %$690,5006.7 %15.1 %Salt Lake City-Murray, UT202913.5 %$500,00010.4 %-4.8 %San Antonio-New Braunfels, TX854915.9 %$225,00013.8 %-23.4 %San Diego-Chula Vista-Carlsbad, CA311211.1 %$975,00011.5 %8.3 %San Francisco-Oakland-Fremont, CA31678.6 %$1,475,0008.7 %28.3 %San Jose-Sunnyvale-Santa Clara, CA9737.1 %$1,550,0007.5 %0.6 %Seattle-Tacoma-Bellevue, WA29356.4 %$750,0005.6 %1.8 %St. Louis, MO-IL1143121.1 %$130,00016.5 %-49.0 %Tampa-St. Petersburg-Clearwater, FL758112.8 %$280,00010.3 %-22.4 %Tucson, AZ183310.1 %$420,0009.4 %12.8 %Virginia Beach-Chesapeake-Norfolk, VA-NC26959.6 %$200,6989.0 %-42.7 %Washington-Arlington-Alexandria, DC-VA-MD-WV66058.7 %$690,0006.6 %16.9 %MethodologyThis report uses deed transaction data to identify corporate real estate investors active in the residential market. Investors are defined as entities purchasing single-family homes, condominiums, townhomes, and related residential property types using a corporate structure – limited liability companies, limited partnerships, general partnerships, trusts, and REITs – with occupancy codes indicating absentee or tenant-occupied use. Builder, relocation service, iBuyer, and financial institution transactions are excluded.Investors are categorized by total purchase count across the full dataset: small (1–10 purchases), medium (11–50), large (51–350), and mega (351 or more). Because these categories are based on cumulative all-time activity, an entity's classification reflects its full history in the data rather than its activity in any single year. Metro-level analysis is restricted to the 50 largest U.S. metropolitan statistical areas by transaction volume. Pre-pandemic benchmarks use 2017–2019 averages. All figures reflect transactions recorded through December 2025.About Realtor.com®For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com  View original content:https://www.prnewswire.com/news-releases/mega-investors-retreat-but-the-investor-market-holds-its-ground-realtorcom-report-302806876.htmlSOURCE Realtor.com Original: Mega Investors Retreat, but the Investor Market Holds Its Ground: Realtor.com® Report

The Empty Nest Is on Hold: 1 in 3 Adults Under 35 Lives With Their Parents, Realtor.com® FindsJune 18, 2026 6:00 AM
PR Newswire (US) Most Young Adults Living With Parents Are Employed: Data Points to Housing Affordability, Not JobsAUSTIN, Texas, June 18, 2026 /PRNewswire/ -- A record 25.2 million adults under 35 lived with their parents in 2025, surpassing even the pandemic peak, as housing costs continue to price young adults out of independent living, according to a new Realtor.com® report released today. One in 3 adults under 35 now shares a roof with a parent, a rate that has held near its 2020 record high with little sign of easing.The numbers reflect the accumulated weight of more than a decade of housing underproduction, which has kept persistent upward pressure on housing costs. Had early-2000s co-residence patterns held, 4.86 million fewer young adults would be living with their parents today. Instead, a national median home listing price of $430,000 — 34.4% above 2019 levels — and a median asking rent of $1,673 — 17.9% above 2019 levels — have made independent living financially out of reach for millions. The United States currently faces a deficit of approximately 4 million homes, a gap that has widened since the construction slowdown following the 2008 financial crisis."The adults living with their parents today are largely employed, and many hold college degrees. What's holding them back isn't a lack of qualifications, but rather, at least in part, a lack of housing they can actually afford," said Hannah Jones, Senior Economist at Realtor.com®. "This is a supply story, not an employment story."A Record High That Keeps Climbing
The 33.0% co-residence rate among adults under 35 in 2025 sits just below the 2020 all-time high of 33.6%, and the absolute count of 25.2 million has now surpassed it. The share has held at or near its pandemic peak since 2022. The pattern across the last two decades follows the same arc: crisis, spike, partial retreat, and a new, higher floor.The first major increase came during the Great Recession, when co-residence rates rose sharply and did not recover when the economy did. The second came with COVID, as the overall share jumped to 33.6% in 2020. A brief retreat in 2022 reflected a narrow cohort that caught historically low mortgage rates before the window closed. Everyone behind them faced elevated rates, limited inventory, and elevated rents, and by 2025 the count had climbed to a new record.Excess Co-Residence: Actual vs. Expected, 2000–2025YearActual 18-34 Year-
Olds at HomeIf early-2000s rates
heldExcess200017.8M17.7M+0.1M200719.2M18.7M+0.5M201020.8M19.4M+1.5M201523.0M19.6M+3.4M201923.5M19.4M+4.0M202124.3M19.5M+4.9M202525.2M20.3M+4.86MWho Is Living at Home
The adults living with their parents in 2025 do not fit the stereotype. Among those aged 25 to 34, approximately 70% are employed. In 2000, roughly 1 in 9 adults in their late 20s were both employed and living at home; by 2025, that ratio had grown to nearly 1 in 7, even as employment rates within the group held steady. The divergence points directly at housing costs, not labor market conditions.Roughly 9 in 10 adults aged 25 to 34 living with parents have never been married, up from 79% in 2000, and about 1 in 3 aged 25 to 29 holds a four-year degree, up from fewer than 1 in 4 at the start of the century. The growth in co-residence is a story of delayed household formation.Adults Living With Parents, by Age Group, 2025Age GroupTotal at Home 
(Millions)Employed 
(%)Never-
Married (%)BA or Higher
(%)Male (%)18–2417.67M51.9 %98.1 %9.6 %51.5 %25–294.53M71.1 %93.6 %31.5 %57.4 %30–343.00M68.4 %88.8 %26.8 %60.6 %Men make up the majority of at-home adults at every age, though the gap is narrowing at younger ages. Among 18 to 24-year-olds the split is now nearly even at 51.5% male, compared to 55/45 in 2000.The Generational Divide Within the Data
The data splits differently depending on cohort. Among adults aged 25 to 29, co-residence has seen a modest retreat from recent highs, driven by adults now 28 to 29 who were in their early 20s during the 2020 to 2021 low-rate window and found footing before conditions tightened. The 25 to 26-year-olds behind them hit peak renting age just as rates and prices surged in 2022 to 2023, and show no such improvement.The 30 to 34 group tells the other half of the same story. At 12.7% co-residence in 2025, nearly double the 7.1% recorded in 2000, this group largely consists of adults who were 25 to 29 during the pandemic and never fully launched. The improvement at 25 to 29 and the rise at 30 to 34 are the same cohort at different stages of the same delayed exit.What This Means for the Housing Market
"Twenty-five million adults living with their parents represents a generation of latent demand the market hasn't absorbed," said Jones. "Every adult still in a childhood bedroom is a household not formed, a lease unsigned, a starter home unpurchased. The typical first-time buyer is now 40 — that's not a coincidence, it's the math of a market that hasn't built enough."The delay carries a real financial cost. As Realtor.com® research on generational wealth has shown, each year spent at home rather than building equity is a year of wealth accumulation deferred. Until affordability improves and entry-level supply expands, that latent demand will continue to build.Methodology
Co-residence data in this report are drawn from the IPUMS Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC), covering survey years 2000–2025. The CPS ASEC is conducted by the U.S. Census Bureau and represents the largest annual household survey in the United States. All population estimates use CPS person-level weights (ASECWT) to produce nationally representative figures. Adults are defined as individuals aged 18 and above. Co-residence is defined as living as "child of head" of household, based on the RELATE variable in the IPUMS extract. The 2014 survey year is excluded from all trend analyses due to a CPS sample expansion that year which creates a discontinuity in absolute population counts; percentage shares are unaffected but the year is omitted for consistency.The counterfactual analysis in the Trends section applies the average co-residence rate at each single year of age (18–34) from 2000–2003 to the actual adult population in each subsequent year. The resulting figures represent how many adults would be living with parents had early-2000s co-residence patterns persisted, holding age structure and population growth constant.Employment, marital status, educational attainment, and sex breakdowns are drawn from the same IPUMS CPS extract using EMPSTAT, MARST, EDUC, and SEX variables respectively.About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com View original content:https://www.prnewswire.com/news-releases/the-empty-nest-is-on-hold-1-in-3-adults-under-35-lives-with-their-parents-realtorcom-finds-302803408.htmlSOURCE Realtor.com Original: The Empty Nest Is on Hold: 1 in 3 Adults Under 35 Lives With Their Parents, Realtor.com® Finds

Realtor.com® Monthly Rent Report: The Markets Locals Love -- and the Ones Outsiders Are Taking OverJune 16, 2026 6:00 AM
PR Newswire (US) Las Vegas leads in local renter loyalty, Raleigh draws the most outsiders — and in San Francisco, the AI boom may be turning renters into homeownersAUSTIN, TEXAS, June 16, 2026 /PRNewswire/ -- Not every rental market is the same, and new data shows renters are voting with their feet. According to the Realtor.com® May Rental Report, while the national median asking rent fell to $1,686, down 1.5% year-over-year and marking the 34th consecutive month of declines, Realtor.com® 2026 Q1 Rental Cross-Market Demand data reveals a sharper story: some cities are holding onto their renters, and others are being defined by the people moving in from somewhere else."Local loyalty in markets like Las Vegas reflects renters finding real value close to home as rents soften. In markets like Raleigh, strong job opportunities and relative affordability are pulling in renters from across the country," said Danielle Hale, chief economist at Realtor.com®. "Renters and landlords alike can use this cross-market demand data to see which markets are magnets and which are anchors. Combined with pricing trends, these data not only signal how competitive a rental market is, they show whether that rental demand is homegrown or coming from outside of the market."Where Renters Are Staying
Las Vegas leads the nation in local renter loyalty. In 2026 Q1, 70% of online rental searches by Las Vegas residents stayed within the metro, the highest rate among the 50 largest markets. Austin, San Antonio, Houston, and San Diego round out the top five. These five markets stand out as renter-friendly destinations where softening rents, higher vacancy rates, strong job markets, and warm weather combine to give residents little reason to look elsewhere.Local loyalty has also grown significantly in several markets since 2020. Houston's retention rate rose 11 percentage points over six years, from 53.3% to 64.6%. Kansas City, Baltimore, and Cincinnati show the same trajectory.Rental Markets Loved by LocalsMarket 2026 Q1 Traffic to: 2020 Q1 Traffic to: Local marketOut-of-metro marketLocal marketOut-of-metro marketLas Vegas-Henderson-North Las Vegas, NV 70.0 %30.0 %75.3 %24.7 %Austin-Round Rock-San Marcos, TX 66.7 %33.3 %64.4 %35.7 %San Antonio-New Braunfels, TX 65.1 %34.9 %69.6 %30.4 %Houston-Pasadena-The Woodlands, TX64.6 %35.4 %53.3 %46.8 %San Diego-Chula Vista-Carlsbad, CA 64.3 %35.7 %62.0 %38.0 %Where Non-Local Demand Dominates
Raleigh attracted the highest share of out-of-market rental demand in 2026 Q1, with 69.1% of rental views coming from outside the metro. Richmond, Hartford, Providence, and Baltimore draw heavily from renters leaving New York, Boston, and Washington, D.C., attracted by more affordable rents and strong job markets in healthcare, financial services, and tech.Detroit saw the most dramatic shift over time, with out-of-market rental demand nearly doubling between 2020 Q1 and 2026 Q1, rising from 28.1% to 51.8%.Rental Markets Dominated Most by OutsidersMarket 2026 Q1 Traffic from: 2020 Q1 Traffic from: Out-of-market rentersLocal residentsOut-of-market renters Local residentsRaleigh-Cary, NC69.1 %30.9 %59.0 %41.0 %Hartford-West Hartford-East Hartford, CT 68.6 %31.4 %48.6 %51.4 %Providence-Warwick, RI-MA65.7 %34.3 %52.8 %47.2 %Richmond, VA64.7 %35.3 %52.5 %47.5 %Baltimore-Columbia-Towson, MD64.4 %35.6 %48.6 %51.4 %Why San Francisco Is Different
San Francisco defies both patterns. Rents there rose 1.2% year-over-year in May, the opposite of the national trend. Local loyalty rose from 44.0% in 2020 Q1 to 55.0% in 2026 Q1, while out-of-market demand to San Francisco climbed from 43.1% to 64.1% over the same period.Meanwhile, data shows fewer San Francisco residents are shopping for rentals overall. The explanation may lie outside the rental market entirely. San Francisco's homeownership rate climbed from 49% to 51.7% in a single year, according to the most recent Housing Vacancies and Homeownership data. The AI and tech hiring boom appears to be converting renters into owners, shrinking the pool of people shopping for rentals."Two things appear to be happening in San Francisco's rental market," said Jiayi Xu, economist at Realtor.com®. "First, rising wealth tied to the AI boom may be enabling more renters to transition into homeownership, pulling them out of the rental search pool altogether. Second, the renters who remain are showing more settled behavior — less likely to be browsing other markets, and more focused on staying put. The post-pandemic reshuffling, it seems, has run its course."Appendix: Rental Data – 50 Largest Metropolitan Areas – May 2026MarketMedian
Asking
RentYOYWhere are
demand coming
from: Views from
local Where are
demand
coming from:
Views from
outsidersWhere are
locals
looking to: Views to
localWhere are locals
looking to: Views
to other markets Atlanta-Sandy Springs-Roswell, GA$1,555-3.1 %64.7 %35.3 %33.2 %66.8 %Austin-Round Rock-San Marcos, TX$1,371-4.3 %44.1 %55.9 %66.7 %33.3 %Baltimore-Columbia-Towson, MD$1,8220.0 %35.6 %64.4 %47.6 %52.4 %Birmingham, AL$1,195-1.2 %43.7 %56.3 %22.1 %77.9 %Boston-Cambridge-Newton, MA-NH$2,929-3.7 %53.7 %46.3 %49.5 %50.5 %Buffalo-Cheektowaga, NYNANA41.4 %58.6 %53.7 %46.3 %Charlotte-Concord-Gastonia, NC-SC$1,494-2.5 %37.5 %62.5 %54.4 %45.6 %Chicago-Naperville-Elgin, IL-IN$1,8290.6 %75.0 %25.0 %46.5 %53.5 %Cincinnati, OH-KY-IN$1,3290.8 %43.8 %56.2 %54.6 %45.4 %Cleveland, OH$1,194-1.2 %44.1 %55.9 %57.9 %42.1 %Columbus, OH$1,174-0.8 %43.9 %56.1 %51.9 %48.1 %Dallas-Fort Worth-Arlington, TX$1,462-2.9 %71.3 %28.7 %50.0 %50.0 %Denver-Aurora-Centennial, CO$1,753-3.8 %50.9 %49.1 %29.2 %70.8 %Detroit-Warren-Dearborn, MI$1,235-4.1 %48.2 %51.8 %64.2 %35.9 %Hartford-West Hartford-East Hartford, CTNANA31.4 %68.6 %45.4 %54.6 %Houston-Pasadena-The Woodlands, TX$1,380-2.8 %50.3 %49.7 %64.6 %35.4 %Indianapolis-Carmel-Greenwood, IN$1,268-1.6 %50.0 %50.0 %26.8 %73.2 %Jacksonville, FL$1,474-2.9 %35.8 %64.2 %59.7 %40.3 %Kansas City, MO-KS$1,4212.7 %47.5 %52.5 %47.5 %52.5 %Las Vegas-Henderson-North Las Vegas, NV$1,447-2.2 %53.2 %46.8 %70.0 %30.0 %Los Angeles-Long Beach-Anaheim, CA$2,760-1.9 %63.6 %36.4 %54.5 %45.5 %Louisville/Jefferson County, KY-IN$1,214-2.3 %43.1 %56.9 %50.4 %49.6 %Memphis, TN-MS-AR$1,107-4.4 %42.6 %57.4 %58.3 %41.7 %Miami-Fort Lauderdale-West Palm Beach, FL$2,284-2.2 %69.9 %30.1 %62.9 %37.1 %Milwaukee-Waukesha, WI$1,7270.7 %41.6 %58.4 %52.7 %47.4 %Minneapolis-St. Paul-Bloomington, MN-WI$1,502-0.3 %58.0 %42.0 %39.0 %61.1 %Nashville-Davidson--Murfreesboro--Franklin, TN$1,479-5.1 %36.7 %63.3 %53.5 %46.5 %New Orleans-Metairie, LANANA39.3 %60.7 %58.5 %41.6 %New York-Newark-Jersey City, NY-NJ$2,9622.1 %74.5 %25.5 %46.1 %53.9 %Oklahoma City, OK$913-3.8 %39.1 %60.9 %54.0 %46.0 %Orlando-Kissimmee-Sanford, FL$1,675-2.2 %42.4 %57.6 %61.2 %38.9 %Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$1,761-1.1 %46.6 %53.4 %56.4 %43.6 %Phoenix-Mesa-Chandler, AZ$1,442-4.0 %58.5 %41.5 %53.5 %46.5 %Pittsburgh, PA$1,4683.1 %43.1 %56.9 %56.5 %43.5 %Portland-Vancouver-Hillsboro, OR-WA$1,599-1.1 %42.4 %57.6 %55.7 %44.3 %Providence-Warwick, RI-MA$1,931-2.1 %34.3 %65.7 %50.6 %49.4 %Raleigh-Cary, NC$1,435-2.2 %30.9 %69.1 %53.6 %46.4 %Richmond, VA$1,528-0.1 %35.3 %64.7 %51.1 %48.9 %Riverside-San Bernardino-Ontario, CA$2,053-2.7 %40.8 %59.2 %54.3 %45.7 %Rochester, NYNANA41.0 %59.0 %50.9 %49.1 %Sacramento-Roseville-Folsom, CA$1,821-2.0 %36.8 %63.2 %51.4 %48.6 %San Antonio-New Braunfels, TX$1,159-4.3 %45.6 %54.4 %65.1 %34.9 %San Diego-Chula Vista-Carlsbad, CA$2,667-2.9 %38.3 %61.7 %64.3 %35.7 %San Francisco-Oakland-Fremont, CA$2,8831.2 %35.9 %64.1 %55.0 %45.0 %San Jose-Sunnyvale-Santa Clara, CA$3,3511.7 %51.8 %48.2 %10.9 %89.1 %Seattle-Tacoma-Bellevue, WA$1,859-2.1 %52.4 %47.6 %32.5 %67.5 %St. Louis, MO-IL$1,283-1.8 %49.4 %50.6 %63.2 %36.8 %Tampa-St. Petersburg-Clearwater, FL$1,645-4.5 %41.5 %58.5 %62.3 %37.7 %Virginia Beach-Chesapeake-Norfolk, VA-NC$1,5692.0 %36.8 %63.2 %53.2 %46.8 %Washington-Arlington-Alexandria, DC-VA-MD-WV$2,285-2.2 %59.5 %40.5 %24.8 %75.2 %Methodology
Rental data as of May 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on  Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019.About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com View original content:https://www.prnewswire.com/news-releases/realtorcom-monthly-rent-report-the-markets-locals-love--and-the-ones-outsiders-are-taking-over-302800641.htmlSOURCE Realtor.com Original: Realtor.com® Monthly Rent Report: The Markets Locals Love -- and the Ones Outsiders Are Taking Over

By Week Four, Your Listing Is Either Getting Offers or Price CutsJune 11, 2026 6:00 AM
PR Newswire (US) How Timing and Pricing Shape Your Home's Final Sale Price, according to a New Realtor.com® ReportAUSTIN, Texas, June 11, 2026 /PRNewswire/ -- The bidding war era is over. A new report from Realtor.com® shows the average home is now selling below its asking price, a sharp U-turn from the pandemic frenzy of 2021 and 2022. In today's market, getting the price right from day one is everything: homes that close at the four week mark sell for 1.8% more relative to asking price than the average home sold in the same period, while those sitting at 18 weeks close 1.3% below expectations."The pandemic gave sellers a free pass on pricing and that pass has expired," said Joel Berner, senior economist, Realtor.com. "Today, an overpriced home doesn't just sit — it gets stale, loses leverage, and sells for less than it would have if it had been priced right from the start. Price it right and buyers come to you. Price it wrong and you're chasing them. Four weeks in, the market has already delivered its verdict — you've either got competing offers or you're about to cut your price."The Four-Week Window
Homes that close four weeks after being listed sell for 1.8 percentage points above the monthly average for comparable homes – the best outcome at any point along the listing lifecycle. The top performers in that group went under contract within the first two weeks, meaning the clock starts fast for the homes that ultimately command the best prices.The flipside is just as clear. Homes sitting on the market for 18 weeks close 1.3 percentage points below the monthly average – a gap of more than 3 percentage points separating the best and worst timing outcomes. Time on market is both a symptom and a cause: overpriced homes attract fewer buyers, and the longer they wait, the more leverage shifts to whoever eventually makes an offer.The First Month Is Make or Break
Four weeks on the market is also when price reductions peak. Sellers who priced right are closing deals; sellers who priced too high are scrambling to cut. The first month either validates the asking price or exposes it.Market temperature shapes when that reckoning arrives. In the hot market of 2021, price reductions peaked at week three. So far in 2026's slower environment, the peak has pushed out to week six. There are also later spikes at six and twelve months, when sellers with inflated prices hit artificial deadlines they've been quietly working around.A Market Transformed
The national backdrop has shifted sharply since the pandemic. In 2021 and 2022, even winter months saw homes selling above asking price. Today the average home closes below its final list price, and the gap between first-listed and final-listed prices has widened as reductions become more common. The steep drop in sale-to-list ratios from 2022 to 2023 tracked the rapid rise in mortgage rates that crushed buyer demand. Persistently high rates have kept pressure on prices since, and the market has yet to fully recover."We've gone from a market where sellers could price aggressively and still get above asking, to one where overpricing has real consequences," said Berner.  "Buyers have more leverage than they've had in years, and that shows up clearly in the data."Condos Are Feeling It Most
Not all property types are navigating this market the same way. Condos and townhomes are the softest segment. As of March 2026, the average condo sells for 97.9% of its final list price, compared to 99.2% for single family homes. Condo list prices have also fallen 6.0% since March 2022, while single family list prices have grown 7.5% over the same stretch – a 13.5-point divergence that reflects the pronounced inventory overhang in the condo market.New Construction Weathers Seasonality
Builders have shown less seasonal pricing variation than existing home sellers throughout the cycle. During the 2021–2022 peak, they were less likely to spark bidding wars; in today's market, they're more willing to deal at the point of final negotiation. Whether through list price reductions, rate buydowns, or final sale price flexibility, builders are competing harder for buyers than their existing-home counterparts.Move-Up Buyers Got the Bumpiest Ride
Across price tiers, homes in the $350K–$500K national median range have tracked the overall market closely in both 2022 and 2026. The most dramatic reversal has come in the $750K–$2M move-up and entry-level luxury segment. This tier generated even more bidding wars than the median in 2022 – and is now among the weakest performers, with final sale prices falling furthest below asking. It's a volatile slice of the market that amplifies whatever direction conditions are moving.Northeast Holds; Sun Belt Yields
The regional picture is divided. The Northeast is the only part of the country where the average listing still sells above asking. The Midwest is on pace for a seasonal return above 1.0 later this year. The South and West, meanwhile, never crossed that threshold in 2025 and remain in buyer-friendly territory in 2026.Inventory explains the divide. Many Southern and Western metros now have more homes for sale than before the pandemic. With more options, buyers are under less pressure – and sale prices reflect that. In the Northeast and Midwest, supply has not recovered, and sellers retain more of the leverage they've held since 2020."Where you list matters as much as how you price," said Berner. "Sellers in the Northeast still have the wind at their backs. In the Sun Belt, the calculus has flipped – buyers have options and they know it."Methodology
Home sales are sourced from deed or MLS records and then combined with listing histories from Realtor.com. The sale-to-first-listing-price ratio is a comparison of the sale price against the listing price from the earliest observation of listing history, and the sale-to-last-listing-price ratio is a comparison of the sale price against the listing price from the latest observation of the listing history. The residual analysis for the best and worst weeks to sell a home was performed with the same set of sale and listing history data, and compares each sale's sale-to-last listing ratio against the average for that month, region, new construction status, and property type. The difference between the observed and average values is then aggregated according to the number of weeks a home has been on the market.About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com View original content:https://www.prnewswire.com/news-releases/by-week-four-your-listing-is-either-getting-offers-or-price-cuts-302797293.htmlSOURCE Realtor.com Original: By Week Four, Your Listing Is Either Getting Offers or Price Cuts

Five Years After the Pandemic, Realtor.com® Tallies What the Luxury Boom Left BehindJune 10, 2026 6:00 AM
PR Newswire (US) Minneapolis and Boise are the only markets to surpass their pandemic peaks; San Francisco has fallen furthest, but AI wealth is emerging as a counterforceAUSTIN, Texas, June 10, 2026 /PRNewswire/ -- The pandemic supercharged luxury housing markets across the country, compressing years of price growth into 24 months, but the unwinding has been anything but equal. Realtor.com®'s May 2026 Luxury Housing Report finds that only Minneapolis-St. Paul and Boise City have fully surpassed their pandemic-era peaks, while five markets, including San Francisco, have fallen entirely below their pre-pandemic baselines. The rest sit somewhere in between, each telling a different story about what happens to prices when the pandemic conditions that drove them disappear.To score each market, Realtor.com® measured how much of the pandemic run-up remains intact today: a market above 100% has climbed past its peak and kept going; a market below 0% has given back every gain and fallen further than where it started before COVID arrived. Nationally, the needle sits at 59%, meaning the typical luxury market has held onto just over half its pandemic appreciation.That national recalibration continues: the luxury threshold reached $1,283,432 in May, marking the 26th consecutive month of year-over-year decline, down 1.4% from a year ago. The pace of softening has eased considerably from the 5%-plus drops recorded in early 2025, suggesting a floor may be forming, and at 13.8%, the million-dollar listing share remains well above the 7% to 9% range that defined the market before COVID-19 arrived."The pandemic didn't create the same luxury market everywhere, and the correction hasn't played out the same everywhere either," said Anthony Smith, senior economist at Realtor.com®. "Two markets have surpassed their pandemic peaks entirely. Five have fallen below where they started before COVID arrived. The ones still holding their gains have something the others don't: real reasons for buyers to be there that have nothing to do with low mortgage rates and remote work."National Luxury Overview: May 2026PricingMay 2026Monthly ChangeYoY ChangeLuxury Threshold 90th Percentile$1,283,4320.7 %-1.4 %High-End Luxury Threshold 95th Percentile$2,000,466-0.1 %-5.5 %Ultraluxury Threshold 99th Percentile$5,566,377-2.5 %-4.4 %Million-Dollar Listing Share13.80 %0.3pp-0.6ppWho Kept the Gains
Among the markets tracked, only Minneapolis-St. Paul and Boise City have fully surpassed their pandemic-era highs as of February 2026. Minneapolis posted a relatively modest 17.6% run-up that peaked in July 2023 and has continued climbing since, now sitting 5.0% above that post-pandemic peak. Boise, where luxury prices surged 87.2% during the pandemic, peaked in November 2023 and sits 4.2% above that level.Boston-Cambridge-Newton, Mass.-N.H. (89.0% of run-up retained) and Bend, Ore. (88.8%) lead among markets still approaching but not yet at their peaks. Boston's sustained performance reflects supply constraints and a durable high-income buyer base in financial services and life sciences. Bend's luxury market tells a parallel story of lifestyle-driven demand that has not faded: the entry point sits near $1.8 million, and the top 1% of listings reached $4.78 million in May, up 7.7% year over year.Raleigh-Cary, N.C., Las Vegas, and Wilmington, N.C., each retained more than 79% of their pandemic run-ups, all markets where demand has continued to absorb a modest supply recovery. New York-Newark-Jersey City held 76.8%, aided in part by its December 2023 peak, the latest in the analysis.Nashville retained 66.7% of a run-up that doubled luxury prices during the pandemic, while Bridgeport-Stamford-Danbury held 64.7% of its 68.6% gain, continuing a recalibration in Conn. commuter markets that has played out over the past 18 months.Markets Retaining the Most Pandemic-Era Luxury GainsRankMarketFeb 2020
BaselinePandemic
PeakPeak
MonthFeb 2026
PriceMay 2026
Price% Run-Up
Retained--USA (National Benchmark)$931K$1.40MMay 2023$1.21M$1.28M59.0 %1Minneapolis-St. Paul-Bloomington, MN-WI$850K$999KJul 2023$1.05M$1.10M133.2 %2Boise City, ID$699K$1.31MNov 2023$1.36M$1.45M109.0 %3Boston-Cambridge-Newton, MA-NH$1.85M$2.91MMay 2023$2.79M$2.74M89.0 %4Bend, OR$1.13M$1.90MMay 2023$1.81M$1.80M88.8 %5Riverside-San Bernardino-Ontario, CA$984K$1.38MMay 2023$1.32M$1.30M84.8 %6Raleigh-Cary, NC$748K$1.12MMar 2022$1.05M$1.12M82.8 %7Las Vegas-Henderson-North Las Vegas, NV$799K$1.28MApr 2022$1.20M$1.20M81.6 %8Wilmington, NC$819K$1.30MMar 2022$1.20M$1.25M79.3 %9New York-Newark-Jersey City, NY-NJ$2.22M$3.38MDec 2023$3.11M$2.90M76.8 %10Atlantic City-Hammonton, NJ$1.30M$2.80MJul 2023$2.40M$2.50M73.4 %11Tampa-St. Petersburg-Clearwater, FL$750K$1.30MJun 2023$1.15M$1.15M72.8 %12Atlanta-Sandy Springs-Roswell, GA$750K$1.00MJun 2023$926K$994K70.1 %13Portland-Vancouver-Hillsboro, OR-WA$990K$1.39MAug 2023$1.27M$1.30M69.0 %14Nashville-Davidson-Murfreesboro-Franklin, TN$899K$1.80MApr 2022$1.50M$1.65M66.7 %15Bridgeport-Stamford-Danbury, CT$2.95M$4.97MMay 2023$4.26M$4.20M64.7 %Who Gave It Back
San Francisco-Oakland-Fremont sits at the other extreme. Its pandemic price run-up was a comparatively modest 15.3%, but the correction that followed erased those gains entirely and pushed further: the February 2026 luxury threshold sits $695,000 below its pre-pandemic baseline, the most severe reversal of any market tracked. Tech-sector headcount reductions, outmigration, and a contracted buyer pool are the primary drivers.But a counterforce is emerging. A recent Realtor.com® analysis found that AI equity liquidity events, including employee tender offers and secondary market transactions at companies like OpenAI, Stripe, and Databricks, have kept Bay Area luxury down payments persistently elevated, running roughly 6.6 percentage points above pre-pandemic norms. On an entry-level Bay Area luxury home near $3 million, that translates to approximately $198,000 in additional upfront cash. A small but highly compensated AI workforce is introducing demand at the top of the market that runs counter to the broader correction.San Jose-Sunnyvale-Santa Clara (-54.4% of run-up retained) and Denver-Aurora-Centennial (-13.7%) have also fallen below their pre-pandemic baselines, joined by Urban Honolulu (-3.0%) and Kahului-Wailuku, Hawaii (-6.3%). Washington, D.C. retained just 3.2% of its pandemic gains, with prices barely above February 2020 levels, a reflection of ongoing uncertainty tied to federal employment concentration in the metro.Markets That Have Given Back the MostRankMarketFeb 2020
BaselinePandemic
PeakPeak
MonthFeb 2026
PriceMay 2026
Price% Run-Up
Retained--USA (National Benchmark)$931K$1.40MMay 2023$1.21M$1.28M59.0 %1San Francisco-Oakland-Fremont, CA$3.19M$3.68MMay 2023$2.50M$2.69M-142.0 %2San Jose-Sunnyvale-Santa Clara, CA$3.74M$4.19MApr 2023$3.50M$3.49M-54.4 %3Denver-Aurora-Centennial, CO$1.40M$1.85MJan 2022$1.33M$1.35M-13.7 %4Kahului-Wailuku, HI$4.39M$7.01MAug 2023$4.23M$3.95M-6.3 %5Urban Honolulu, HI$2.32M$3.32MAug 2021$2.29M$2.11M-3.0 %6Washington-Arlington-Alexandria, DC-VA-MD-WV$1.44M$1.80MJun 2023$1.45M$1.50M3.2 %7Chicago-Naperville-Elgin, IL-IN$893K$1.20MMay 2023$911K$990K5.9 %8San Diego-Chula Vista-Carlsbad, CA$2.70M$3.90MJul 2023$2.85M$2.85M13.3 %9Oxnard-Thousand Oaks-Ventura, CA$2.80M$4.25MMay 2023$3.00M$3.13M13.9 %10Houston-Pasadena-The Woodlands, TX$750K$974KMay 2021$794K$827K19.7 %11Charlotte-Concord-Gastonia, NC-SC$823K$1.17MJun 2023$898K$1.07M22.0 %12Phoenix-Mesa-Chandler, AZ$1.42M$1.73MFeb 2021$1.50M$1.45M25.4 %13Los Angeles-Long Beach-Anaheim, CA$3.90M$5.00MMay 2023$4.21M$4.19M28.1 %14Seattle-Tacoma-Bellevue, WA$1.63M$2.34MApr 2023$1.84M$2.09M29.0 %15Jacksonville, FL$797K$1.12MApr 2022$924K$993K39.1 %The Million-Dollar Market in Context
Before the pandemic, the national share of million-dollar listings ranged between roughly 7% and 9%. That figure surged to a peak of 15.4% in May 2023 and, at 13.8% in May 2026, remains well above any pre-pandemic reading. The absolute count of million-dollar listings nationally is just over 146,000, roughly 40% above the pre-pandemic peak, even as total inventory remains below pre-pandemic highs.Methodology
All data in this report is sourced from Realtor.com® listing trends as of May 2026, reflecting active inventory of existing homes, including single-family residences, condos, townhomes, row homes, and co-ops. Listings reflect only those provided by MLS platforms to Realtor.com® via a listing feed. New-construction listings are excluded unless actively listed on participating MLSs.Luxury segmentation is based on market-specific price percentiles, with the 90th percentile representing entry-level luxury, the 95th percentile marking high-end luxury, and the 99th percentile indicating ultraluxury. All calculations are based on listing prices, not final sales prices.Metropolitan and micropolitan areas are defined using the Office of Management and Budget's OMB-2023 delineations, with Claritas 2025 household estimates used for relative comparisons. Where appropriate, we limited analysis to metros or micros with a minimum threshold of active million-dollar listings on average over the past year to ensure meaningful comparisons.Historical listing trend data extends to July 2016, but year-over-year comparisons in this report use May 2025 as the baseline.Luxury by the Numbers90th percentile = Entry-level luxury (top 10% of prices)95th percentile = High-end luxury99th percentile = Ultraluxury (often rare or custom properties)About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com  View original content:https://www.prnewswire.com/news-releases/five-years-after-the-pandemic-realtorcom-tallies-what-the-luxury-boom-left-behind-302795650.htmlSOURCE Realtor.com Original: Five Years After the Pandemic, Realtor.com® Tallies What the Luxury Boom Left Behind

List Prices Post Steep Drop and Buyers Are Showing Up: Realtor.com® May Housing ReportJune 3, 2026 6:00 AM
PR Newswire (US) Northeast and Midwest Supply Unlocks as New Listings Surge in Both Regions in May, Reversing Declines from Just Two Months PriorAUSTIN, Texas, June 3, 2026 /PRNewswire/ -- Despite climbing mortgage rates, rising inflation, and continued geopolitical uncertainty, the spring housing market extended its resilient run, according to the Realtor.com® May 2026 Monthly Housing Trends Report released today. Median list prices fell 2.4% year over year — the steepest decline in Realtor.com® data since 2017 — while pending sales rose for a sixth straight month and new listings hit their highest May level since 2022, continuing the most active spring market in four years."Higher rates and geopolitical uncertainty could have sidelined both buyers and sellers this spring," said Danielle Hale, chief economist, Realtor.com®. "Instead, we've seen six months of sellers adjusting their expectations and buyers rewarding them for it. List prices are down at a record pace, but price reductions are also down.  That combination tells you sellers are doing their homework before listing, not after. The market is finding a new equilibrium."MetricMay 2026Change overApril 2026
(MoM)Change over
May 2025
(YoY)Change over
May 2019Change over
May 2022Median listing price$429,5001.1 %-2.4 %34.2 %-1.8 %Active listings1,058,6935.6 %2.2 %-10.4 %120.8 %New listings474,976-0.4 %2.1 %-18.7 %-9.8 %Median days on market5201123Share of active listings with price reductions17.5 %0.8-1.62.17.3Median List Price Per Sq.Ft.$2280.6 %-2.5 %49.5 %1.3 %Asking Prices Fall at a Record Pace — Broadly and Across the CountryThe national median list price was $429,500 in May, up 1.1% from April in a typical seasonal move, but down 2.4% year over year — the seventh consecutive month of annual price declines and the steepest drop in Realtor.com® data going back to 2017. Price per square foot, which controls for the changing size mix of homes on the market, fell 2.5% year over year — also a record annual decline in the series.Year-over-year median list price declines were recorded across all four major regions, ranging from -4.0% in the West to -1.2% in the Midwest. The sharpest per-square-foot declines were concentrated in Austin (-8.3%), Memphis (-5.9%), and Buffalo (-5.8%). At the other end, Providence (+9.1%), Indianapolis (+5.0%), and Cleveland (+3.1%) recorded the largest gains."Perhaps the most telling price signal in May came from what did not happen: price cuts fell rather than rose," said Jake Krimmel, senior economist, Realtor.com®.  "The share of active listings with a price reduction declined 1.6 percentage points year over year to 17.5% — even as overall list prices continued to soften. In a crashing market, sellers list optimistically and get forced to cut. What we're seeing is different in a key way: sellers are using current market conditions as price discovery from the start, pricing for current conditions rather than selling under distress. That combination tells you sellers have internalized the more buyer-friendly conditions and are adjusting price expectations before listing rather than after. This is a meaningful behavioral shift, and it's precisely why buyers are still showing up despite rates above 6.5%."Buyers Are Responding: Pending Sales Rise for a Sixth Straight MonthListings in pending status rose 4.3% year over year in May, extending a streak to six consecutive months of annual growth — a run not seen since January through June 2021. The flow of contract signings climbed 3.5% year over year. The sustained momentum in pending sales confirms that lower list prices are translating into buyer engagement even as mortgage rates have moved back above 6.5%.The two trends, falling prices and rising pending sales, are not a contradiction; they are two sides of the same coin. Last year's Cruel Summer report saw sellers hold firm on stale price expectations while buyers pulled back, and the gap between them ground the market to a halt. This spring, sellers are meeting buyers where they are, and the transaction data reflects it.New listings reinforced the trend. They rose 2.1% year over year in May to 474,976, their highest May level since 2022. At the metro level, Buffalo (+19.9% YoY), Providence (+18.1% YoY), and Richmond (+17.5% YoY) led the way.A Regional Inventory Flip: The Northeast and Midwest Surge While the South and West StallOne of May's most consequential developments was a regional reshuffling of inventory patterns that marks a meaningful shift from recent months. New listings surged in the Northeast (8.6% year over year) and Midwest (4.7%). In the South and West, by contrast, new and active listings growth stalled, and rising days on market suggest the macro headwinds may finally be landing with real force in those markets.The Northeast and Midwest reversal matters because both regions have been inventory-starved for years, locked in by homeowners sitting on low-rate mortgages with little incentive to list. The fact that new listings in the Northeast are now running nearly 9% ahead of last year — compared to a decline just two months ago — is a meaningful signal that the lock-in effect may be loosening where buyers need relief most. Active listings in the Northeast rose 7.1% year over year and 8.2% in the Midwest, while the South (0.3%) and West (1.4%) saw essentially flat active inventory.The contrast shows up in days on market as well. Time on market is now lower in the Northeast than a year ago (-1 day), likely reflecting the influx of fresh inventory energizing transactions in historically tight markets. Days on market rose modestly in the Midwest (+1) and South (+1), and more sharply in the West (+4 days). The sharpest active inventory gains were in Louisville (+32.7%), Cincinnati (+25.7%), and Indianapolis (+21.9%).Rising Rates Failed to Pull the Market Back — But the Limits of Resilience Bear WatchingMortgage rates climbed from 6.30% to 6.53% throughout May, driven by April's Consumer Price Index coming in at 3.8%, fueled by the Iran War, and inflation nowcasts estimating May's number closer to 4.2%. Rising inflation delivered a double blow: eroding purchasing power while pushing bond yields and mortgage rates higher, presenting another round of headwinds for the spring selling season."Between higher inflation, climbing rates, and cratering consumer sentiment, a market pullback would have been easy to explain, but it didn't happen," said Krimmel. "New listings kept growing, pending sales extended their growth streak to six months and price cut share fell. All three of those indicators moved in the right direction simultaneously, even as rates climbed. The clearest explanation is that buyers and sellers have recalibrated to an environment where higher rates and economic uncertainty are the expected backdrop, not a shock. That said, resilience has limits."Looking Ahead to JuneTwo things bear close watching heading into June. First to watch is contract cancellations and delistings. May and June 2025 were when tariff-driven uncertainty moved beyond consumer sentiment and bled through into actual transaction behavior: cancellations increased and there was a large, sustained spike in sellers pulling their homes from the market. So far in 2026, cancellations have remained below the levels of recent years.The second thing to watch is whether the Northeast and Midwest supply unlock sustains. New listings surged in both regions in May, reversing declines from just two months prior. If new and active listings continue to grow in those inventory-starved markets, it would be a key sign that the broader market is normalizing. Conversely, if the stalling inventory growth and rising days on market in the South and West begin showing up in cancellation data, that is the early warning sign that the macro pressure is starting to bleed through into behavior."It's too early to declare the spring market has fully weathered the storm, but the leading indicators are holding," said Krimmel. "Cancellations are low, new listings are growing, and sellers are cutting prices less even as list prices fall. The variables to watch in June are whether the Northeast and Midwest momentum holds and whether that macro pressure in the South and West starts showing up in cancellation data. Those are the early warning signs. So far, we're not seeing them."May 2026 Regional and Metro Housing OverviewRegionActive
Listing
Count, YoYNew Listing
Count, YoYMedian List
PriceMedian List
Price, YoYMedian List
Price Per SF,
YoYMedian Days
on Market,
Y-Y (Days)Price
Reduced
SharePrice Reduced
Share, Y-Y
(Percentage
Points)Northeast7.1 %8.6 %$549,900-1.8 %0.0 %-111.3 %0.1Midwest8.2 %4.7 %$325,000-1.2 %1.2 %114.3 %-0.4South0.3 %0.6 %$389,000-2.5 %-3.4 %119.4 %-2.1West1.4 %-1.4 %$600,000-4.0 %-2.0 %419.0 %-2.2National Average2.2 %2.1 %$429,500-2.4 %-2.5 %117.5 %-1.6 MetroActive
Listing
Count YoYNew Listing
Count, YoYMedian List
PriceMedian List
Price, YoYMedian List
Price Per SF,
YoYMedian Days on
Market, YoY
(Days)Price-Reduced
SharePrice-Reduced
Share, YoY
(Percentage
Points)Atlanta-Sandy Springs-Roswell, GA2.6 %-6.1 %$425,0001.2 %0.4 %320.4 %-2.9Austin-Round Rock-San Marcos, TX-4.4 %-13.3 %$475,000-9.5 %-8.3 %1026.8 %-2.4Baltimore-Columbia-Towson, MD13.2 %8.3 %$389,900-2.5 %-1.3 %316.5 %1.3Birmingham, AL8.2 %4.9 %$299,9000.0 %0.0 %316.4 %-1.8Boston-Cambridge-Newton, MA-NH11.0 %12.1 %$849,000-3.4 %-1.6 %-114.1 %-2.3Buffalo-Cheektowaga, NY17.3 %19.9 %$265,000-11.6 %-5.8 %16.9 %-0.1Charlotte-Concord-Gastonia, NC-SC17.6 %5.8 %$439,000-2.4 %-2.1 %322.8 %-0.8Chicago-Naperville-Elgin, IL-IN-10.7 %-13.0 %$389,0002.4 %1.2 %111.1 %-0.5Cincinnati, OH-KY-IN25.7 %14.3 %$350,000-1.4 %0.8 %316.0 %1.4Cleveland, OH4.6 %4.6 %$269,900-1.9 %3.1 %113.7 %-0.5Columbus, OH10.4 %9.0 %$379,800-2.6 %-0.5 %-219.0 %-2.1Dallas-Fort Worth-Arlington, TX-3.7 %-3.9 %$435,999-0.9 %-1.9 %324.0 %-3.0Denver-Aurora-Centennial, CO-7.2 %-2.6 %$589,000-1.8 %-3.5 %525.5 %-3.9Detroit-Warren-Dearborn, MI16.7 %5.5 %$264,900-1.9 %-0.6 %314.0 %0.3Hartford-West Hartford-East Hartford, CT0.6 %8.9 %$475,0001.2 %-1.3 %-57.3 %0.5Houston-Pasadena-The Woodlands, TX3.5 %-13.3 %$360,000-3.4 %-2.4 %518.4 %-1.5Indianapolis-Carmel-Greenwood, IN21.9 %12.9 %$320,000-3.5 %5.0 %322.4 %1.1Jacksonville, FL-22.3 %-3.4 %$394,900-2.5 %-2.9 %-122.9 %-5.9Kansas City, MO-KS17.3 %-9.3 %$415,0001.2 %0.8 %-412.4 %-1.9Las Vegas-Henderson-North Las Vegas, NV6.7 %-1.4 %$474,900-2.1 %-2.2 %521.8 %-3.6Los Angeles-Long Beach-Anaheim, CA2.0 %-4.2 %$1,100,000-7.9 %-3.0 %214.3 %-1.4Louisville/Jefferson County, KY-IN32.7 %6.1 %$319,900-2.2 %-0.2 %018.3 %1.8Memphis, TN-MS-AR16.2 %1.2 %$304,495-13.0 %-5.9 %122.3 %0.5Miami-Fort Lauderdale-West Palm Beach, FL-15.4 %-5.3 %$499,000-2.2 %-1.3 %215.3 %-4.4Milwaukee-Waukesha, WI10.7 %-2.8 %$395,000-1.1 %2.5 %39.3 %-1.4Minneapolis-St. Paul-Bloomington, MN-WI11.3 %10.1 %$434,900-2.5 %-0.5 %114.0 %1.1Nashville-Davidson--Murfreesboro--Franklin, TN13.3 %5.0 %$539,900-1.6 %-0.8 %318.7 %-2.3New York-Newark-Jersey City, NY-NJ4.2 %5.3 %$775,000-2.5 %-0.3 %-39.3 %0.6Oklahoma City, OK9.7 %4.1 %$319,000-3.3 %-0.9 %619.0 %-1.8Orlando-Kissimmee-Sanford, FL-4.2 %3.7 %$419,900-2.3 %-3.4 %520.6 %-4.6Philadelphia-Camden-Wilmington, PA-NJ-DE-MD9.8 %7.5 %$385,0000.0 %-0.1 %114.2 %0.0Phoenix-Mesa-Chandler, AZ-4.1 %9.5 %$498,000-5.1 %-2.1 %228.2 %-3.1Pittsburgh, PA7.9 %9.1 %$250,0000.0 %1.6 %-116.8 %1.0Portland-Vancouver-Hillsboro, OR-WA1.2 %-0.6 %$596,142-2.4 %-2.5 %325.4 %-1.4Providence-Warwick, RI-MA3.7 %18.1 %$589,999-0.8 %9.1 %09.5 %-1.0Raleigh-Cary, NC6.2 %8.8 %$458,0000.3 %-1.6 %121.8 %-1.6Richmond, VA4.4 %17.5 %$449,999-2.2 %2.3 %-111.4 %-1.1Riverside-San Bernardino-Ontario, CA-4.3 %-4.0 %$595,000-0.8 %-2.3 %316.6 %-3.2Sacramento-Roseville-Folsom, CA-6.8 %-7.1 %$634,900-0.6 %0.0 %318.7 %-4.1Salt Lake City-Murray, UT5.9 %6.1 %$564,995-3.4 %0.5 %123.4 %-3.7San Antonio-New Braunfels, TX5.7 %-1.7 %$325,000-4.4 %-5.1 %-126.4 %1.4San Diego-Chula Vista-Carlsbad, CA-3.1 %4.4 %$939,450-5.6 %-3.9 %117.4 %-2.5San Francisco-Oakland-Fremont, CA-16.5 %-8.1 %$998,250-0.1 %-3.5 %-312.5 %-2.9San Jose-Sunnyvale-Santa Clara, CA6.0 %-3.1 %$1,398,000-1.5 %-3.0 %216.3 %2.8Seattle-Tacoma-Bellevue, WA21.0 %-8.4 %$780,000-2.4 %-3.6 %619.0 %2.7St. Louis, MO-IL13.2 %2.8 %$289,900-3.3 %0.1 %313.9 %-0.4Tampa-St. Petersburg-Clearwater, FL-10.3 %-5.7 %$400,000-4.2 %-3.0 %724.5 %-5.4Tucson, AZ-4.0 %0.0 %$385,000-3.3 %-1.5 %621.1 %-2.1Virginia Beach-Chesapeake-Norfolk, VA-NC13.7 %11.9 %$436,0005.1 %2.0 %-315.7 %-1.8Washington-Arlington-Alexandria, DC-VA-MD-WV7.8 %4.2 %$595,000-6.3 %-3.4 %115.0 %-0.8MethodologyRealtor.com® housing data as of May 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.Beginning with our April 2025 report, we have transitioned to a revised national pending home sales data series that applies enhanced cleaning methods to improve consistency and accuracy over time. While the insights and commentary in this report reflect the new series, the downloadable data remains based on our legacy automated pipeline. As a result, there may be slight differences between the report figures and those in the national download file as we transition.With the release of its January 2025 housing trends report, Realtor.com® restated data points for some previous months. As a result of these changes, some of the data released since January 2025 is not directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports.Methodology for cancellations: A contract cancellation is counted if a listing was pending on one day and then back to active the next. It may miss a few that have been entirely delisted.Contract Signings represent the flow of homes entering pending status in a given month (i.e. homes that went under contract for the first time in that period). This is a flow measure, not a stock measure. This distinguishes it from the stock of pending listings, which measures the total number of homes under contract at a given point in time regardless of when they entered that status.About Realtor.com®For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com View original content:https://www.prnewswire.com/news-releases/list-prices-post-steep-drop-and-buyers-are-showing-up-realtorcom-may-housing-report-302789132.htmlSOURCE Realtor.com Original: List Prices Post Steep Drop and Buyers Are Showing Up: Realtor.com® May Housing Report

/C O R R E C T I O N -- Realtor.com/June 2, 2026 11:23 AM
PR Newswire (US) In the news release, Realtor.com® Launches RealAssist™ AI: A Completely Reimagined Way to Find A Home, issued 02-Jun-2026 by Realtor.com over PR Newswire, we are advised by the company that the video has been updated. The complete, corrected release follows: Realtor.com® Launches RealAssist™ AI: A Completely Reimagined Way to Find A Home Built with Google's Gemini and grounded in 30 years of Realtor.com buyer intelligence, RealAssist™ AI guides home shoppers from their very first question to closingAUSTIN, Texas, June 2, 2026 /PRNewswire/ -- Realtor.com® today launched RealAssist™ AI, an AI-first home search experience built with Google's Gemini and Google Cloud that helps buyers find a home through natural conversation and AI smart prompts. From the very first question, through the complex early stages of pre-search and discovery, to connecting with an agent, all the way to closing, it understands consumers' home journey needs. RealAssist™ AI allows them to search the way they naturally talk, anticipating where their search is going before they get there. Today, RealAssist™ AI is available to a select group of logged in users in beta across desktop, the Realtor.com® app, and mobile web, with full availability rolling out shortly."Realtor.com® is positioned to lead the AI era in real estate — and the data already points that way," said Damian Eales, CEO at Realtor.com®. "We lead our competitors in AI brand favorability.1 We are the most trusted brand among real estate professionals2 and the No. 1 real estate news publisher in the country.3 Our collaboration with News Corp and deep industry roots give us an authority in this space that others simply cannot replicate. We are taking that foundation and building the best AI tools in the industry. That means more informed buyers and sellers, and agents who can have better conversations with every client. RealAssist™ AI is what that looks like today and there is much more to come.""Buying a home is one of the biggest financial decisions most people will ever make, and most buyers start the process feeling overwhelmed and underprepared," said Mickey Neuberger, Chief Consumer and Marketing Officer at Realtor.com®. "RealAssist™ AI removes the uncertainty and builds confidence at every step, from early research to connecting with a local agent, because the insight behind it is real. Every buyer deserves that."RealAssist™ AI Sets a New Bar for Home Search
A traditional search gives buyers a box and a set of filters. RealAssist™ AI turns that into a two-way conversation. Tell it your commute, your must-haves, your budget, and it surfaces homes to fit your life, not just your criteria. The more you share, the smarter it gets.Ask RealAssist™ AII have $85k for a down payment and an annual salary of $75k. Find me homes where the total monthly payment (including taxes, insurance, and HOA) is under 35% of my take-home pay, but prioritize listings that have seen a price cut in the last 14 days. Within this budget, show me homes that feel like a private retreat. I'm specifically looking for something with natural light and I don't want a fixer upper.More Than Search: From First Question to Closing
Most buyers spend weeks in pre-search weighing affordability, timing, and tradeoffs, before they ever browse a listing. And the hard decisions don't stop when they find a few homes they love. RealAssist™ AI is there for all of it, from early affordability questions to understanding a specific property, scheduling a tour, navigating an offer, and preparing for closing. And at every step, RealAssist™ AI makes it easy to connect with a local agent.Ask RealAssist™ AIWe plan to put down roots in Austin and want to live there for 20+ years. What neighborhoods have a strong sense of community and are seeing new restaurants, parks, or transit investment?I see this home was built in the 70s. When were the major systems like the HVAC and roof last updated? Also, are there any planned city zoning changes nearby that might affect the feel of this street?Map Technology That Helps Buyers Picture Their Future Life
Real estate is location, location, location, and RealAssist™ AI brings that to life in ways no other search experience has before. Built with Google's Gemini, RealAssist™ AI surfaces commute times and helps buyers explore neighborhoods by highlighting local parks and businesses. Buyers can map out a full daily routine from school drop-off to the office, for any neighborhood they're considering or any home they're already interested in. This helps them know whether a home could actually work for their life before they ever schedule a tour.RealAssist™ AI offers unique visual technology. Consumers can see what a street looks like after dark or how a home changes with the seasons. They can even visualize what a home would look like with a new exterior finish.Ask RealAssist™ AIMap my morning routine from this address: drop kids at Lincoln Elementary, stop at a Joe's Coffee Shop, then head to my office at 400 Market St.What does the street lighting and sidewalk situation look like at night on this block? I have kids getting off the bus sometimes after dark. Conversations That Pick Up Where They Left Off
RealAssist™ AI does not reset when a tab closes. It remembers a buyer's budget and priorities, across sessions and picks up mid-thought after a day or two so there's no starting over when priorities shift. The conversation simply moves forward when a user changes a budget or adds a must-have.Ask RealAssist™ AII told you my budget was $600K. I think I can stretch to $650K now. What does that open up?Last week we were looking for a big yard, but we've decided we'd rather have a low-maintenance condo if it means being closer to the hike-and-bike trail. Can you update my search but keep the same $4,500 monthly payment ceiling?RealAssist™ AI Key Features Understand affordability in plain language. Get personalized breakdowns based on income and expenses.Compare homes or neighborhoods side by side. View lifestyle, location, and costs in one view.Search around what matters most. Use real commute times to find homes near workplaces, schools, or favorite parks.Visualize a home and its surroundings. See properties at night, in winter, or with a new exterior before ever scheduling a tour.Pick up exactly where the last session left off. Enjoy a seamless experience across any device.Connect directly with a local agent seamlessly. Schedule a tour without leaving the experience.30 Years of Real Estate Industry Trust
Realtor.com® was established by the real estate industry, for the real estate industry. For over 30 years, its relationships with MLSs and local professionals have built a data foundation that is current. Realtor.com® is also the No. 1 destination for real estate news and economic insights, which has helped shape RealAssist™ AI. The result is not a general-purpose AI layer. It's an experience trained on decades of consumer behavior and grounded in current listing data. It's built with real-time guardrails intended to promote compliance with Fair Housing standards and guardMLS data.Built to Make Agents More Valuable
Real estate transactions are long, complex, and deeply personal and AI doesn't change the fact that buyers want a trusted expert in their corner when it matters most. According to a Realtor.com® survey, Americans rely on real estate agents as the No. 1 most trusted and accurate source for information, and 82% are also using AI for real estate insights. These two things are not in conflict. RealAssist™ AI handles the early, time-consuming work of pre-search and discovery so buyers are informed and ready when they connect with an agent. It does not replace the agent, but raises the quality of every client conversation. RealAssist™ AI is built to make the human expertise at the heart of every transaction more valuable.About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com1Based on SEMrush data analyzing brand favorability in large language model (LLM) responses from July 8, 2025, to March 27, 2026, across Realtor.com, Zillow, Homes.com, Redfin, Trulia, and Apartments.com.
2Based on a December 2025 proprietary survey among real estate professionals. 
3Realtor.com is the largest publisher of original residential real estate news in the U.S. according to a proprietary third party study, June 2025, October 2025 & December 2025. View original content to download multimedia:https://www.prnewswire.com/news-releases/realtorcom-launches-realassist-ai-a-completely-reimagined-way-to-find-a-home-302787749.htmlSOURCE Realtor.com Original: /C O R R E C T I O N -- Realtor.com/

Realtor.com® Launches RealAssist™ AI: A Completely Reimagined Way to Find A HomeJune 2, 2026 6:00 AM
PR Newswire (US) Built with Google's Gemini and grounded in 30 years of Realtor.com buyer intelligence, RealAssist™ AI guides home shoppers from their very first question to closingAUSTIN, Texas, June 2, 2026 /PRNewswire/ -- Realtor.com® today launched RealAssist™ AI, an AI-first home search experience built with Google's Gemini and Google Cloud that helps buyers find a home through natural conversation and AI smart prompts. From the very first question, through the complex early stages of pre-search and discovery, to connecting with an agent, all the way to closing, it understands consumers' home journey needs. RealAssist™ AI allows them to search the way they naturally talk, anticipating where their search is going before they get there. Today, RealAssist™ AI is available to a select group of logged in users in beta across desktop, the Realtor.com® app, and mobile web, with full availability rolling out shortly."Realtor.com® is positioned to lead the AI era in real estate — and the data already points that way," said Damian Eales, CEO at Realtor.com®. "We lead our competitors in AI brand favorability.1 We are the most trusted brand among real estate professionals2 and the No. 1 real estate news publisher in the country.3 Our collaboration with News Corp and deep industry roots give us an authority in this space that others simply cannot replicate. We are taking that foundation and building the best AI tools in the industry. That means more informed buyers and sellers, and agents who can have better conversations with every client. RealAssist™ AI is what that looks like today and there is much more to come.""Buying a home is one of the biggest financial decisions most people will ever make, and most buyers start the process feeling overwhelmed and underprepared," said Mickey Neuberger, Chief Consumer and Marketing Officer at Realtor.com®. "RealAssist™ AI removes the uncertainty and builds confidence at every step, from early research to connecting with a local agent, because the insight behind it is real. Every buyer deserves that."RealAssist™ AI Sets a New Bar for Home Search
A traditional search gives buyers a box and a set of filters. RealAssist™ AI turns that into a two-way conversation. Tell it your commute, your must-haves, your budget, and it surfaces homes to fit your life, not just your criteria. The more you share, the smarter it gets.Ask RealAssist™ AII have $85k for a down payment and an annual salary of $75k. Find me homes where the total monthly payment (including taxes, insurance, and HOA) is under 35% of my take-home pay, but prioritize listings that have seen a price cut in the last 14 days. Within this budget, show me homes that feel like a private retreat. I'm specifically looking for something with natural light and I don't want a fixer upper.More Than Search: From First Question to Closing
Most buyers spend weeks in pre-search weighing affordability, timing, and tradeoffs, before they ever browse a listing. And the hard decisions don't stop when they find a few homes they love. RealAssist™ AI is there for all of it, from early affordability questions to understanding a specific property, scheduling a tour, navigating an offer, and preparing for closing. And at every step, RealAssist™ AI makes it easy to connect with a local agent.Ask RealAssist™ AIWe plan to put down roots in Austin and want to live there for 20+ years. What neighborhoods have a strong sense of community and are seeing new restaurants, parks, or transit investment?I see this home was built in the 70s. When were the major systems like the HVAC and roof last updated? Also, are there any planned city zoning changes nearby that might affect the feel of this street?Map Technology That Helps Buyers Picture Their Future Life
Real estate is location, location, location, and RealAssist™ AI brings that to life in ways no other search experience has before. Built with Google's Gemini, RealAssist™ AI surfaces commute times and helps buyers explore neighborhoods by highlighting local parks and businesses. Buyers can map out a full daily routine from school drop-off to the office, for any neighborhood they're considering or any home they're already interested in. This helps them know whether a home could actually work for their life before they ever schedule a tour.RealAssist™ AI offers unique visual technology. Consumers can see what a street looks like after dark or how a home changes with the seasons. They can even visualize what a home would look like with a new exterior finish.Ask RealAssist™ AIMap my morning routine from this address: drop kids at Lincoln Elementary, stop at a Joe's Coffee Shop, then head to my office at 400 Market St.What does the street lighting and sidewalk situation look like at night on this block? I have kids getting off the bus sometimes after dark. Conversations That Pick Up Where They Left Off
RealAssist™ AI does not reset when a tab closes. It remembers a buyer's budget and priorities, across sessions and picks up mid-thought after a day or two so there's no starting over when priorities shift. The conversation simply moves forward when a user changes a budget or adds a must-have.Ask RealAssist™ AII told you my budget was $600K. I think I can stretch to $650K now. What does that open up?Last week we were looking for a big yard, but we've decided we'd rather have a low-maintenance condo if it means being closer to the hike-and-bike trail. Can you update my search but keep the same $4,500 monthly payment ceiling?RealAssist™ AI Key Features Understand affordability in plain language. Get personalized breakdowns based on income and expenses.Compare homes or neighborhoods side by side. View lifestyle, location, and costs in one view.Search around what matters most. Use real commute times to find homes near workplaces, schools, or favorite parks.Visualize a home and its surroundings. See properties at night, in winter, or with a new exterior before ever scheduling a tour.Pick up exactly where the last session left off. Enjoy a seamless experience across any device.Connect directly with a local agent seamlessly. Schedule a tour without leaving the experience.30 Years of Real Estate Industry Trust
Realtor.com® was established by the real estate industry, for the real estate industry. For over 30 years, its relationships with MLSs and local professionals have built a data foundation that is current. Realtor.com® is also the No. 1 destination for real estate news and economic insights, which has helped shape RealAssist™ AI. The result is not a general-purpose AI layer. It's an experience trained on decades of consumer behavior and grounded in current listing data. It's built with real-time guardrails intended to promote compliance with Fair Housing standards and guardMLS data.Built to Make Agents More Valuable
Real estate transactions are long, complex, and deeply personal and AI doesn't change the fact that buyers want a trusted expert in their corner when it matters most. According to a Realtor.com® survey, Americans rely on real estate agents as the No. 1 most trusted and accurate source for information, and 82% are also using AI for real estate insights. These two things are not in conflict. RealAssist™ AI handles the early, time-consuming work of pre-search and discovery so buyers are informed and ready when they connect with an agent. It does not replace the agent, but raises the quality of every client conversation. RealAssist™ AI is built to make the human expertise at the heart of every transaction more valuable.About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com1Based on SEMrush data analyzing brand favorability in large language model (LLM) responses from July 8, 2025, to March 27, 2026, across Realtor.com, Zillow, Homes.com, Redfin, Trulia, and Apartments.com.
2Based on a December 2025 proprietary survey among real estate professionals. 
3Realtor.com is the largest publisher of original residential real estate news in the U.S. according to a proprietary third party study, June 2025, October 2025 & December 2025. View original content to download multimedia:https://www.prnewswire.com/news-releases/realtorcom-launches-realassist-ai-a-completely-reimagined-way-to-find-a-home-302787749.htmlSOURCE Realtor.com Original: Realtor.com® Launches RealAssist™ AI: A Completely Reimagined Way to Find A Home

New Realtor.com® Report Explores How AI Wealth Is Reshaping the Bay Area Housing MarketMay 28, 2026 7:04 AM
PR Newswire (US) AI Equity Liquidity Added an Estimated $198,000 to Down Payments on Entry-Level Luxury Homes in 2025 in the Bay Area and the Effect Is Spreading Down MarketAUSTIN, Texas, May 28, 2026 /PRNewswire/ -- According to a new report from Realtor.com®, the AI boom is reshaping Bay Area real estate and its impact is most visible at the closing table. In 2025, Bay Area luxury homebuyers put down a median of 35% on their purchases, a full 6.6 percentage points above where they stood before the rate surge of 2023. On a $3 million entry-level luxury home, that's roughly $198,000 more cash at closing, driven by AI workers liquidating equity and putting it straight into real estate.When mortgage rates spiked in 2023, buyers everywhere put more money down to manage higher monthly payments. Down payments rose in luxury markets across the country — including Miami, Austin, and New York. But as rates eased in 2024 and 2025, those markets pulled back. In the Bay Area, they didn't.Miami, Austin, and New York all retreated to their pre-2023 baselines by 2025. The Bay Area held at 35% in 2025— 6.6 percentage points above its own pre-2023 level of 28.4%. The divergence isn't explained by high prices, a strong tech industry, or concentrated financial wealth. New York has all three. What the Bay Area has that the others don't is a dense cluster of AI-native companies whose equity began converting to cash at scale starting in 2024, through employee tender offers, secondary market sales, and surging company valuations."The Bay Area down payment data tells us something the mortgage rate story can't explain on its own," said Jiayi Xu, economist at Realtor.com®. "Buyers in Miami, Austin, and New York put more down to buy a home in 2023 — and pulled back as rates eased. Bay Area luxury buyers didn't follow that pattern. The persistent elevation in down payments, timed precisely to when AI equity began converting to liquid cash at scale, points to a localized wealth effect that is reshaping who can compete at the top of the market."How AI Equity Started Flowing Into HousingWhen mortgage rates surged in 2023, homebuyers across the country responded by putting more cash down and borrowing less. At the same time, tech workers were converting AI equity into cash at extraordinary scale, through employee tender offers, secondary market sales, and anticipated IPOs, and directing that wealth into home purchases. The result is two forces, the mortgage rate shock and AI boom, pushing in the same direction simultaneously, which makes isolating either one genuinely difficult. The mortgage rate shock is the baseline story, it explains the broad 2023 spike visible across every market. The AI wealth effect is the residual: the portion of elevated Bay Area luxury down payments that persists even as rates ease, exceeds comparable wealthy metros, and tracks the timing of AI equity liquidity events.The 2020–2022 baseline captures the pre-AI condition: low rates and no meaningful AI wealth concentration. This period serves as the reference point against which subsequent shifts are measured. The 2023 transition year is where both forces collided: peak mortgage rates and the early AI boom arrived simultaneously, making it impossible to isolate either cleanly. The 2024–2025 period is the diagnostic window — rates began easing, which should have unwound any purely rate-driven behavior, while AI equity liquidity accelerated sharply through employee tender offers and secondary market transactions. Markets where downpayment trends retreated toward the baseline tell the rate story. In the Bay Area, where down payments remained elevated in 2024-2025, another factor is the likely explanation: AI wealth reset housing norms.AI companies are staying private longer, and employees holding valuable but illiquid equity needed another path to cash. Starting in 2024, that path opened at scale. Secondary transactions involving venture-backed startups hit a projected record high in 2024, with companies like OpenAI, Stripe, and Databricks organizing tender offers to pay employees — a sharp departure from the traditional IPO route.The companies driving this are clustered squarely in the Bay Area. OpenAI allowed current and former employees to participate in annual tender offers beginning in 2024, and Stripe, Anthropic, and Databricks have each given employees structured opportunities to sell shares as valuations soared. That liquidity landed somewhere and the Bay Area housing market is where much of it went.Bay Area Luxury Buyers Are Still Putting More Down — Even as Rates EaseLuxury homes in this analysis are properties priced in the top 10% of local listings — a threshold that sits around $3 million in the Bay Area.Bay Area luxury down payments peaked at 38.3% in 2023, in line with the national rate-driven response. As rates came down, the share partially retreated — but stopped well above the pre-2023 baseline. The 6.6-point residual gap tracks directly with the acceleration of AI equity liquidity. Starting in 2024, employee tender offers, secondary market transactions, and record AI company valuations put significant cash into the hands of a concentrated group of tech workers. Some of that cash went into homes.Where Peer Markets Pulled Back, the Bay Area HeldMiami, a premier luxury market with no meaningful AI-company concentration, saw down payments spike in 2023 and retreat quickly. Austin, a major tech hub, followed the same arc, landing back near 25% by 2025. New York, with both significant tech presence and deep financial wealth, also normalized. In all three metros, the 2023 spike was a rate story, and the rate story ended when rates came down.In the Bay Area, the rate story only explains 2023. What sustained elevated down payments through 2024 and 2025 is something specific to the Bay Area: a dense, AI-native workforce with liquidity that didn't exist before — and that no comparable market has."Austin has tech. New York has wealth. Both saw their luxury down payment shares normalize as rates came down. The Bay Area did not," said Xu. "The divergence maps directly to when AI equity liquidity events accelerated. A specific, concentrated source of new wealth is reshaping competition at the top of the Bay Area market — and it's not going away."The Effect Is Spreading Below the Luxury TierThe signal is clearest at the top — but it's moving down. In the $750,000 to $1.5 million price range, the median down payment held flat at 20.0% throughout the study period. That stability is misleading. The share of buyers in this tier putting down more than 30% has grown, and seven-figure down payments have become more common.Two forces are likely driving it. Young AI professionals are targeting mid-market homes with far more cash than typical buyers at that price point, pushing the upper tail of the distribution higher while the median holds. At the same time, buyers originally shopping in the $1.5 million to $3 million range, crowded out by AI-liquid competitors, are moving down to the mid-market and bringing outsized financial profiles with them. Either way, conventional buyers are facing stiffer competition at price points that used to be out of reach for AI workers.Bay Area Luxury Down Payment Shares vs. Peer Markets (2022–2025)Market2020-2022 (Pre-Rate Shock)2023 (Peak Rates)2025 (Post-Easing)Bay Area28.4 %38.3 %35 %Miami, FL27.9 %Elevated 32.5%Near pre-2023 levels 25%Austin, TX23.3 %Elevated30%25 %New York, NY30 %Elevated 35.9%Near pre-2023 levels 30%MethodologyDown payment data are sourced from Optimal Blue and reflect 30-year fixed-rate purchase mortgages for primary residences. Government-backed loans are excluded, as their down payment requirements could be different. Luxury homes are defined as properties priced in the top 10% of local listing prices, based on listing data from Realtor.com®.About Realtor.com®For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com   View original content:https://www.prnewswire.com/news-releases/new-realtorcom-report-explores-how-ai-wealth-is-reshaping-the-bay-area-housing-market-302784381.htmlSOURCE Realtor.com Original: New Realtor.com® Report Explores How AI Wealth Is Reshaping the Bay Area Housing Market

Miami Dominates, Los Angeles Fades, and Canadian Buyers Cautiously Return: Realtor.com® Tracks Global Home Shopping TrendsMay 26, 2026 6:00 AM
PR Newswire (US) International Demand Shifts as Sun Belt Markets Surge, and Canadian Interest Partially Rebounds a Year after U.S. Tariffs Rattled Cross-Border Home SearchingAUSTIN, Texas, May 26, 2026 /PRNewswire/ -- New research from Realtor.com® reveals a shifting landscape for international home shopping demand across the United States. In the first quarter of 2026, international home shoppers accounted for 1.6% of online shopping demand on Realtor.com®, up from 1.2% in the first quarter of 2020. Miami held its place as the top U.S. destination for international buyers, drawing 10.3% of all international online views. Meanwhile, Los Angeles continued a six-year slide in global interest, while Canadian buyers – still reeling from the effects of U.S. tariffs – showed signs of cautious re-engagement with the U.S. market.International Buyers Are Turning Away from Los AngelesLos Angeles has long been one of the most coveted addresses for international homebuyers, but its grip on global attention is slipping. International interest in the market has fallen steadily, with its share of international online views dropping from 7.9% in the first quarter of 2020 to 4.6% in the first quarter of 2026.The beneficiaries are clear. Dallas, Texas has emerged as a rising destination, drawing growing interest from buyers in North America (excluding the U.S.), Oceania, and South America. North American interest in Dallas grew from 1.6% in 2020 to 2.7% in 2026; Oceania from 3.0% to 4.2%; and South America from 1.5% to 2.3%.Miami captured gains from European buyers, with interest rising from 6.9% to 8.0%, while Asian buyers increasingly turned to New York, where their interest climbed from 6.2% to 6.6%."Los Angeles's declining global appeal is less about losing its allure and more about becoming less competitive," said Danielle Hale, chief economist at Realtor.com®. "Skyrocketing insurance costs from wildfires, and California's high tax burden, have made ownership increasingly punishing for wealthy international buyers. As high-net-worth residents relocate to Miami and Dallas, the social networks that once made Los Angeles a must-own address are thinning — and global interest follows. Sun Belt markets now offer a compelling combination of affordability, growth, and lower taxes that Los Angeles simply can't match. For today's internationally mobile buyer, Los Angeles is no longer the default choice."Top U.S. Destinations for International Home Shoppers (2026Q1)MarketShare of International Online ViewsMiami, FL10.3 %New York, NY4.7 %Los Angeles, CA                                   4.6 %Orlando, FL3.0 %Tampa, FL2.8 %Canadian Interest in U.S. Homes Is Recovering — But 2025 Tariffs are Not Forgotten One year after the United States imposed sweeping tariffs on Canadian goods, the effects on cross-border housing demand remain measurable. Canadian home shoppers remain the No. 1 source of international demand on Realtor.com®, accounting for 37.8% of international traffic in the first quarter of 2026. But that figure tells a story of disruption and incomplete recovery: Canadian interest plunged from 41.8% in the first quarter of 2024 — before tariffs took effect — to 34.8% in the first quarter of 2025 in the immediate aftermath. The partial rebound to 37.8% this year signals cautious re-engagement, but interest remains well below pre-tariff levels.Rounding out the top five sources of international homebuying interest: Mexico (6.4%), the United Kingdom (5.9%), Germany (3.9%), and Australia (3.0%).Canadian buyers showed the strongest affinity for Sun Belt and Southwest markets. Cape Coral, Fla., led all markets with 71.0% of its international demand coming from Canada, followed by Naples, Fla. (70.9%), Phoenix (66.9%), North Port, Fla. (66.2%), Tampa (58.8%), and Riverside, Calif. (56.0%). These same markets also recorded the largest year-over-year gains in Canadian interest between 2025 and 2026, led by Cape Coral, Fla. (+9.2 percentage points), Naples, Fla. (+8.8 ppt), and Phoenix (+6.7 ppt)."Canadian buyers are re-entering the U.S. market, but cautiously," said Jiayi Xu, economist at Realtor.com®. "The rebound in interest we're seeing in Sun Belt and Southwest metros reflects that the appeal of warm weather and relative affordability hasn't faded — but the full recovery of pre-tariff enthusiasm has yet to materialize. These trends underscore how geopolitical and economic policy decisions can have lasting ripple effects on real estate demand, even across borders."Markets with Highest Share of Canadian International Demand (2026Q1)MarketCanadian Share of Int'l DemandYoY Change (2025Q1–2026Q1)Cape Coral, FL71.0 %+9.2 pptNaples, FL70.9 %+8.8 pptPhoenix, AZ66.9 %+6.7 pptNorth Port, FL66.2 %+6.6 pptTampa, FL58.8 %+4.6 pptRiverside, CA56.0 %+1.6 pptMethodologyThis report analyzes international views of for-sale listings on the U.S. Realtor.com® marketplace from January to March 2026 and previous quarters, as noted. International traffic is identified using IP geolocation and excludes domestic U.S.-based traffic. This report is updated twice a year.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com View original content:https://www.prnewswire.com/news-releases/miami-dominates-los-angeles-fades-and-canadian-buyers-cautiously-return-realtorcom-tracks-global-home-shopping-trends-302781357.htmlSOURCE Realtor.com Original: Miami Dominates, Los Angeles Fades, and Canadian Buyers Cautiously Return: Realtor.com® Tracks Global Home Shopping Trends

Spring Contract Signings Hit a Four-Year High As Sellers Get Real on Price, New Realtor.com® ReportMay 21, 2026 6:00 AM
PR Newswire (US) Contract Signings Are Up 4.5% As the Spring Housing Market Becomes More Active Than Any Point Since Rates Surged In 2022 AUSTIN, Texas, May 21, 2026 /PRNewswire/ -- Today, Realtor.com® released its Spring 2026 Housing Market Progress Report, which finds that new listings and contract signings have each reached their highest levels since 2022, with contract signings up 4.5% year-over-year in April — the strongest reading in three years — as sellers who priced their homes competitively from the start found buyers willing to act. This new report shows the housing market is more dynamic through the first four months of 2026 than at any point since mortgage rates first surged in 2022."For the first time in three years, we're seeing contract signing growth that genuinely outpaces the trend of the recent past," said Jake Krimmel, senior economist at Realtor.com®. "Buyers have been sidelined but they haven't disappeared – they've simply been waiting for the right conditions. In the metros where sellers have come to market with realistic prices, buyers are showing up. That supply-demand-price alignment is what separates a dynamic market from a stagnant one, and we're beginning to see it take hold in a meaningful way."New listings and contract signings each represent one side of a functioning housing market: sellers coming to market and buyers responding by going under contract. This report tracks both flows and finds that where sellers have priced their homes realistically, buyers are showing up — a pattern that separates moving markets from stagnant ones in 2026. Rather than relying on a single month's snapshot, the report tracks the full arc of 2026 year-to-date — January through April — at the national, regional, and local level across the top 50 metros.
New Listings,
Apr '26 YoY
GrowthNew Listings
YTD Total vs.
2025Contract
Signings Apr
'26 YoY
GrowthContract
Signings YTD
Total vs. 2025Med. PPSF,
Apr '26 YoY
GrowthPrice
Reductions,
Apr. '26 Y-YUSA1.11.44.52.9-2.4-1.3Northeast9.41.05.1-1.6-0.30.4Midwest6.64.33.72.71.30.6South0.61.55.03.5-3.4-1.8West-3.50.94.03.9-1.7-1.1Spring 2026: A Market Starting to Move
The two metrics that define a functioning spring market, new listings and contract signings, are each at their highest levels since 2022, and for the first time in three years, both are moving in the right direction at the same time. Through April, new listings are up 1.4% year-over-year and 22% above the 2023 trough. Contract signings, which had been stuck 20 to 25 percentage points below 2022 levels from 2023 through 2025, rose 4.5% year-over-year in April, accelerating from 2.9% in March.That acceleration matters beyond the headline number. Year-to-date contract signings are up 2.9% versus 2025 and 4.1% above their 2023 low, and growth in signings is now outpacing growth in new listings — narrowing the gap between supply recovery and demand recovery that has defined the past three springs. With homes that go under contract typically closing within four to six weeks, that demand signal is on track to show up in closed sales data by June, the clearest evidence yet that the 2026 housing market is starting to move.Where Are Markets Actually Moving?
Across the top 50 metros, 34 have seen more contract signings year-to-date in 2026 than over the same period in 2025, and 31 have seen more new listings. The trends are widespread, but the strength varies considerably by market.Twenty-one metros have seen both new listings and contract signings rise year-over-year — markets genuinely delivering on the spring promise. The Midwest dominates this group, with Kansas City (+12.5% listings, +20.7% contract signings), Louisville (+13.6%, +18.9%), Indianapolis (+14.7%, +6.6%), Columbus (+8.0%, +7.9%), and Cincinnati (+10.8%, +4.7%) all showing strong two-sided momentum.A more surprising cluster of markets is seeing contract signings rise despite fewer new listings than last year. Phoenix (-0.4% listings, +8.1% signings), Austin (-3.5%, +7.6%), and Jacksonville (-9.5%, +5.2%) all fit this profile. These markets have undergone significant price corrections over the past two years, and buyers are responding even where new supply has not surged.Not all markets have found this footing. Las Vegas (-0.8% listings, -8.4% signings) and Tampa (-12.2%, -3.1%) show stagnation driven by weak demand, with days-on-market climbing by more than a week year-over-year. Hartford (-13.1%, -9.2%) and Providence (-8.0%, -5.6%), by contrast, are constrained by limited supply, with inventories still well below pre-pandemic norms and time on market actually falling compared to last year.What the Market Clock Tells Us
The pattern of which markets are most and least active is not random. At the start of 2026, the Realtor.com® Market Clock placed 8 of the top 50 metros in buyer's market territory, with nearly all of them in the South — and so far this year, almost all of those markets have seen fewer new listings than last year. Sellers in buyer's markets know the conditions are not in their favor, and many are choosing to wait.But two of those buyer's markets — Jacksonville and Austin — tell a different story. Both have seen significant contract signing gains (+5.2% and +7.6% year-to-date, respectively) despite falling new listings. Sellers who have come to market in those metros have dropped their initial list prices aggressively enough to bring buyers off the sidelines. The price corrections that pushed Jacksonville and Austin into buyer's market territory are now doing the work of unlocking demand — without any surge in new supply.The picture looks different on the seller's market side. Of the 13 seller's markets identified by the Market Clock at the start of the year, some — like Kansas City (+20.7% contract signings) and Columbus (+7.9%) — are among the most active markets in the country, with both new listings and signings rising. Others, like Providence and Hartford, look stagnant despite their seller-friendly designation.Pricing Realism: The Key Differentiator
Seller pricing behavior is one of the most consequential variables in determining whether a local market moves or stagnates. Nationally, the median list price per square foot is down 2.4% year-over-year in April — and yet the share of listings with price cuts has also declined, by 1.25 percentage points. This pattern is consistent with sellers pricing more realistically from the outset, reducing the need for subsequent reductions.This dynamic is most visible in Southern metros that have absorbed significant price corrections over the past two years. Austin has seen asking prices per square foot fall 7.7% year-over-year — the steepest decline among the top 50 metros — yet its price-cut share is down 2.3 percentage points. Jacksonville, where prices are down 2.4%, has seen price cuts fall by 5 percentage points. Dallas, San Antonio, Miami, and Tampa follow the same pattern.Critically, many of these same markets are among those where contract signings are rising even without a surge in new supply, reinforcing the conclusion that pricing realism does work that new supply alone cannot. A functioning spring market requires not just willing buyers and motivated sellers, but a shared and realistic understanding of what homes are worth."May and June will be decisive," said Krimmel.  "If some resolution to Middle East uncertainty stabilizes mortgage rates and restores consumer confidence, the housing market may finally break out of the lower equilibrium it has occupied since 2022. If macro headwinds intensify — through rising rates, reaccelerating inflation, or a deterioration in confidence — the market could face the same fate as 2025, when tariff-related uncertainty stalled what had been a promising early spring."
New
Listings,
Apr '26
YoY
GrowthNew Listings
YTD Total
vs. 2025Contract
Signings Apr
'26 YoY
GrowthContract
Signings
YTD Total
vs. 2025Med. PPSF,
Apr '26 YoY
GrowthPrice
Reductions,
Apr. '26 Y-YAtlanta-Sandy Springs-Roswell, GA-4.1-3.71.90.9-0.2-1.4Austin-Round Rock-San Marcos, TX-13.5-3.58.07.6-7.7-2.3Baltimore-Columbia-Towson, MD3.63.1-3.9-0.2-0.81.5Birmingham, AL2.58.01.53.50.80.2Boston-Cambridge-Newton, MA-NH-3.8-1.19.35.60.3-0.1Buffalo-Cheektowaga, NY-0.46.22.4-3.20.4-1.1Charlotte-Concord-Gastonia, NC-SC6.210.09.15.1-1.8-0.1Chicago-Naperville-Elgin, IL-IN-5.2-3.2-1.11.40.9-0.4Cincinnati, OH-KY-IN13.710.88.04.7-0.31.7Cleveland, OH7.84.02.1-1.61.90.4Columbus, OH18.08.011.57.9-1.5-1.6Dallas-Fort Worth-Arlington, TX-5.9-3.40.61.8-1.8-3.7Denver-Aurora-Centennial, CO-12.6-2.40.63.1-3.2-2.8Detroit-Warren-Dearborn, MI6.76.01.90.30.50.9Hartford-West Hartford-East Hartford, CT-4.2-13.1-3.6-9.2-1.4-0.4Houston-Pasadena-The Woodlands, TX-3.50.8-0.22.2-2.3-1.0Indianapolis-Carmel-Greenwood, IN21.114.714.46.65.40.1Jacksonville, FL-8.1-9.51.85.2-2.4-5.1Kansas City, MO-KS-2.512.518.920.70.3-1.5Las Vegas-Henderson-North Las Vegas, NV-8.8-0.8-10.0-7.4-2.20.3Los Angeles-Long Beach-Anaheim, CA-3.3-2.23.60.1-3.3-1.2Louisville/Jefferson County, KY-IN19.213.616.118.90.83.0Memphis, TN-MS-AR9.910.71.1-0.6-5.81.6Miami-Fort Lauderdale-West Palm Beach, FL-7.2-8.77.9-1.0-1.6-4.4Milwaukee-Waukesha, WI14.317.16.02.73.40.7Minneapolis-St. Paul-Bloomington, MN-WI10.75.48.90.2-0.91.6Nashville-Davidson--Murfreesboro--Franklin, TN7.39.912.1-2.8-1.2-0.1New York-Newark-Jersey City, NY-NJ11.40.6-14.8-23.1-1.30.6Oklahoma City, OK6.55.61.33.9-0.70.7Orlando-Kissimmee-Sanford, FL-9.0-6.1-0.2-0.7-3.3-2.6Philadelphia-Camden-Wilmington, PA-NJ-DE-MD9.93.41.6-2.50.00.5Phoenix-Mesa-Chandler, AZ-4.9-0.44.88.1-1.7-2.2Pittsburgh, PA10.50.74.7-2.32.7-1.1Portland-Vancouver-Hillsboro, OR-WA-6.15.07.87.4-2.70.7Providence-Warwick, RI-MA3.8-8.02.9-5.67.5-0.1Raleigh-Cary, NC3.60.85.65.0-2.0-1.1Richmond, VA6.38.75.56.92.20.6Riverside-San Bernardino-Ontario, CA-5.6-2.62.00.6-2.3-2.4Sacramento-Roseville-Folsom, CA-5.70.45.45.2-0.2-1.3St. Louis, MO-IL4.63.8-1.9-0.81.10.4Salt Lake City-Murray, UT2.56.91.55.6-0.1-3.1San Antonio-New Braunfels, TX7.34.18.54.1-5.8-0.7San Diego-Chula Vista-Carlsbad, CA-5.5-3.56.73.5-4.1-2.9San Francisco-Oakland-Fremont, CA-1.5-4.39.21.8-3.0-2.0San Jose-Sunnyvale-Santa Clara, CA0.96.010.13.8-2.51.1Seattle-Tacoma-Bellevue, WA2.45.5-0.1-1.5-3.01.8Tampa-St. Petersburg-Clearwater, FL-15.7-12.20.9-3.1-2.8-4.2Tucson, AZ-13.9-5.62.30.1-2.0-0.1Virginia Beach-Chesapeake-Norfolk, VA-NC23.89.65.25.62.2-0.4Washington-Arlington-Alexandria, DC-VA-MD-WV4.96.58.17.8-3.6-0.9MethodologyRealtor.com housing data as of April 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com. New construction is excluded unless listed on an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.New Listings represent the count of residential properties that were listed for sale for the first time in a given month. Contract Signings represent the flow of homes entering pending status in a given month (i.e. homes that went under contract for the first time in that period). This is a flow measure, not a stock measure. This distinguishes it from the stock of pending listings, which measures the total number of homes under contract at a given point in time regardless of when they entered that status.Year-to-date (YTD) through April totals are calculated by summing monthly values for January through April of the relevant year. YTD growth rates compare the January-April sum in 2026 to the same four-month sum in the comparison year. For example, a YTD growth rate vs. 2025 reflects the percentage change in total activity over the first four months of 2026 relative to the first four months of 2025.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com  View original content:https://www.prnewswire.com/news-releases/spring-contract-signings-hit-a-four-year-high-as-sellers-get-real-on-price-new-realtorcom-report-302778137.htmlSOURCE Realtor.com Original: Spring Contract Signings Hit a Four-Year High As Sellers Get Real on Price, New Realtor.com® Report

A Shifting Housing Market Drives Down Payments to Four-Year LowMay 19, 2026 6:00 AM
PR Newswire (US) After years of post-pandemic highs, the era of outsized down payments is beginning to unwindAUSTIN, Texas, May 19, 2026 /PRNewswire/ -- The typical down payment fell to $23,400 in the first quarter of 2026, the lowest level since 2021, according to the latest Realtor.com® Down Payment Report. That represents a 19% decline year-over-year and the fourth consecutive quarterly drop, as rising inventory and moderating prices give buyers more negotiating room and reduce the pressure to lead with an outsized down payment."Down payments are falling as the housing market slowly tilts toward buyers," said Hannah Jones, Senior Economist at Realtor.com®. "High prices and borrowing costs continue to test affordability, and while conditions are improving, some of the buyers re-entering the market are doing so via government-backed programs that have lower down payment requirements. That tells us the market is broadening, but the path to homeownership remains a difficult one for many households."Post-Pandemic Down Payment Highs Are Receding
Down payments climbed steeply between 2020 and 2022 as intense competition and rising house prices pushed buyers to put more cash forward to win deals, then held near record highs through 2024. That era is unwinding. Down payments peaked in Q2 2024 at $32,700 and 15.1%. They hit their Q1 high in 2025 and have eased lower since.Primary
ResidenceAvg Down Payment as % of
Purchase PriceMed. Down Payment ($ amt)2019 Q12021 Q12025 Q12026 Q12019 Q12021 Q12025 Q12026 Q1United
States10.7 %11.7 %14.0 %12.8 %$12,500$19,700$28,900$23,400While today's levels remain above the Q1 2019 median of $12,500 and 10.7%, the gap is narrowing as inventory recovery and softening prices ease competitive pressure. The Realtor.com® Market Clock currently shows balanced or buyer-friendly conditions across much of the country, consistent with the directional shift in down payment data. The Realtor.com® April 2026 Housing Report found active listings rose year-over-year for the 28th consecutive month, while nearly 40% of potential sellers now expect to make concessions, up from 30% in 2025.The latest data offers a mixed early signal on whether that trend will continue. Down payments ticked up in March and April, as is seasonally typical, though April's reading of $25,000 and 13.2% remained well below year-ago levels of $27,500 and 13.8%. Whether the spring rebound sustains through summer will be a key signal of how durable the current softening trend is.Buyer Pool Broadens, but Many Are Stretching to Participate
As affordability improves at the edges, more buyers who had been priced out are starting to re-engage. The typical buyer FICO score has trended downward since mid-2025, settling at 733 in early 2026, still above pre-pandemic norms but a meaningful directional shift. Many of these re-entering buyers are leaning on government-backed programs to make deals work: FHA's share of purchase mortgages has held above 24% for five consecutive quarters, it's the most sustained elevated stretch since 2016, while VA loans reached 11.7% in early 2026, their highest share in over a decade. Together, FHA and VA now account for more than a third of all purchase mortgages, as the share of conforming loans has fallen to its lowest level since 2019."Government-backed programs are serving as a critical pressure valve, keeping the door to homeownership open for buyers who might otherwise be shut out entirely," said Jones. "But the growing reliance on FHA and VA financing also reflects how much the conventional path to homeownership has narrowed for buyers without significant cash reserves."The affordability constraints driving these trends have long-term implications beyond the transaction itself. Realtor.com®'s recent Homeownership and Generational Wealth report found that purchasing a home by age 30 is associated with 22.5% higher net worth by midlife, underscoring how delays in entry compound over time.That dynamic is further illustrated by renter balance sheets. The median renter holds an estimated $2,600 in liquid assets, rising only modestly to $2,900 even when directly held stocks, bonds, and IRA balances that could be used for down payments are included. Only about 15 to 20% of renters have sufficient assets to cover the $23,400 conventional median down payment, underscoring how significant a barrier entry remains for much of the would-be buyer pool.Median Down Payment Potential Among RentersBy Asset Potential and Age Group • 2025 Q4 Dollars



Age GroupLiquid Assets Only+ Stocks & Bonds+ IRAAll R enters$2,605$2,787$2,891Under 45$3,166$3,925$4,21345–64$1,570$1,701$1,81865+$2,224$2,551$2,617



Note: SCF 2022 asset values aged to 2025 Q4 using Federal Reserve Z.1 B.101h aggregate growth factors. IRA contribution capped at $10,000 (single) / $20,000 (married/partnered) per IRS first-time homebuyer exemption.Regional Trends
Down payment softening was most pronounced in markets where inventory has recovered most fully and where house prices have cooled most, with the South and West posting the largest declines. The South posted the largest year-over-year decline at 1.2 percentage points, while the Midwest was the only region to hold flat. With roughly 45% of all U.S. home transactions, the South's well-supplied, more affordable market carries outsized influence on the national average. The Northeast remains the most competitive market: buyers there still put down a median of $57,600, and the region has seen down payments climb 237% since 2019, significantly more than any other region.
Avg Downpayment PctRegion2019 Q12025 Q12026 Q1YYVs 2019Midwest10.0 %13.5 %13.6 %0.1 ppts+3.6 pptsNortheast11.8 %18.3 %17.3 %-1.0 ppts+5.5 pptsSouth9.0 %12.3 %11.1 %-1.2 ppts+2.1 pptsWest12.2 %16.1 %15.2 %-0.9 ppts+3.0 pptsMethodologyDown payment trends analyzed at the national- and state-level through April 2026 using Optimal Blue data. Down payment as a share of sale price is calculated as an average across the data. Down payment as a dollar amount is calculated by taking the median across the data. All comparisons are between the first quarter of the current and previous years unless otherwise stated.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Emily Do, press@realtor.com View original content:https://www.prnewswire.com/news-releases/a-shifting-housing-market-drives-down-payments-to-four-year-low-302775041.htmlSOURCE Realtor.com Original: A Shifting Housing Market Drives Down Payments to Four-Year Low

New Homes Save Buyers $25,000 Over Ten Years, Offsetting Higher Upfront CostsMay 14, 2026 6:00 AM
PR Newswire (US) New England leads the country in new construction savings; in 16 metros, a decade of lower bills and repair costs more than covers the new construction price premiumAUSTIN, Texas, May 14, 2026 /PRNewswire/ -- Realtor.com® today released new research showing that buyers of newly built homes save an average of $25,335 over the first ten years of ownership compared to buyers of 20-year-old homes. The savings are driven by lower energy bills and fewer major repairs. The findings reveal a wide geographic divide, with New England states offering the greatest advantage and Southern states the least, and identify 16 metros where a decade of savings from new construction fully erases the price gap with existing homes.New construction savings come in two forms: lower utility costs from more energy-efficient construction, and delayed replacement of major systems like HVAC, roofs, and water heaters. The analysis draws on data from Pearl, whose Pearl SCORE® rates every single-family home in the country across five performance pillars — Safety, Comfort, Operations, Resilience, and Energy. The analysis finds these benefits vary dramatically depending on where a home is located, how cold the winters are, and how stringent local building codes are.To help buyers see these savings in action, Realtor.com is introducing interactive total cost of ownership content through a dedicated cost of ownership hub and experience on new construction listings, showing personalized ten-year savings estimates on utilities, roof replacement, HVAC, and water heater costs compared to a comparable resale home, giving  buyers a clearer picture of the true cost of ownership before they contact a builder."Homeownership is not a one-time expense, and the ongoing costs of owning a home are where new construction really shines," said Joel Berner, senior economist at Realtor.com®. "Buyers who focus only on the listing price are missing a significant part of the financial picture."The geographic pattern is stark. New England leads the country in new construction savings, with Massachusetts topping the list at $38,927 over ten years. Stricter building codes and harsher winters amplify the efficiency advantages of newer homes in these states. The South, despite being the most active new construction market in the country, sees smaller savings. Less demanding codes and milder climates mean the energy performance gap between new and existing homes is narrower there.Top States for New Construction Savings State10-Year Total
New
Construction
SavingsNew
Construction
PremiumMassachusetts$38,92746.7 %New Hampshire$35,88545.5 %Maine$34,76348.3 %Rhode Island$34,64146.6 %Vermont$33,99825.9 %In 16 of the 300 largest metropolitan areas, the ten-year savings from buying new fully cover the price premium over existing homes. These markets span a wide range of price points and are concentrated in the South and West, where new construction premiums are modest enough to fall within reach of long-run savings. Madison, WI and Bloomington, IN are the only Midwestern markets on the list.Metros Where 10-Year New Construction Savings Exceed the Price Premium MetroNew
Construction
Median Listing
PriceExisting Home
Median Listing
Price10-Year Total
New
Construction
SavingsSan Diego-Chula Vista-Carlsbad, CA$1,226,693$1,210,500$29,243St. George, UT$684,447$683,984$27,670Salt Lake City-Murray, UT$652,982$637,650$27,670Seaford, DE$580,619$567,742$22,075Salem, OR$545,333$517,467$31,404Madison, WI$534,284$527,358$25,983Kennewick-Richland, WA$528,807$516,383$21,187Billings, MT$525,477$504,142$28,520Merced, CA$455,719$429,644$29,243Jacksonville, FL$415,901$411,583$16,644Bloomington, IN$402,325$390,692$28,836Greenville-Anderson-Greer, SC$391,793$390,098$16,163San Antonio-New Braunfels, TX$339,642$329,083$18,227Hattiesburg, MS$317,817$302,683$25,997Spartanburg, SC$315,248$314,967$16,163Abilene, TX$310,873$298,933$18,227"These savings estimates are actually conservative," said Berner. "Builder warranties frequently cover HVAC repairs in the early years, meaning new construction buyers often pay nothing out of pocket. And when you factor in the mortgage rate buydowns builders have been offering, which can translate to roughly $30,000 in savings over ten years, the total financial advantage of buying new becomes even more substantial."The report also notes that builders have been more willing than existing home sellers to negotiate on price, giving buyers additional room to improve the long-run economics of a new construction purchase.MethodologyListing price data come from listings on Realtor.com® in the first quarter of 2026. Utility savings data come from estimates modeled by Pearl, through their Pearl SCORE®. Energy costs are generated by multiplying consumption by retail gas and electric prices, averaged at the state level. An escalation factor sourced from EIA is applied to the state-level costs to generate cumulative savings over time. Replacement and maintenance cost data come from estimates modeled by Pearl with these three components: lifespan and degradation, replacement cost, and maintenance cost. Each component is estimated at the zip code level and aggregated to the state level. National estimates are a weighted average of state estimates based on the number of single family homes. Degree-day estimates are sourced from EIA and totaled by adding heating degree days to cooling degree days.About Pearl
Pearl is a ratings and standards company building the national standard for home performance. Pearl SCORE® rates every single-family home in the U.S. on a 1-to-1,000 scale across five pillars — Safety, Comfort, Operations, Resilience, and Energy — so buyers, sellers, and real estate professionals can understand how a home performs in daily life. Learn more at PearlScore.com.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com View original content:https://www.prnewswire.com/news-releases/new-homes-save-buyers-25-000-over-ten-years-offsetting-higher-upfront-costs-302771486.htmlSOURCE Realtor.com Original: New Homes Save Buyers $25,000 Over Ten Years, Offsetting Higher Upfront Costs

U.S. Rents Fall for 33rd Straight Month as Surge in New Multi-family Construction Points to Continued Renter ReliefMay 13, 2026 6:00 AM
PR Newswire (US) The Northeast is showing the strongest construction momentum, while the West is falling behind its own historical normsAUSTIN, Texas, May 13, 2026 /PRNewswire/ -- The U.S. rental market continues to favor renters, and a new wave of supply may keep it that way. According to the Realtor.com® April Rental Report, the national median asking monthly rent across the 50 largest metropolitan areas fell to $1,673 in April 2026, down $29, or 1.7%, year-over-year, marking the 33rd consecutive month of annual declines for 0-2 bedroom properties. At the same time, the robustness of new multi-family construction signals that rental supply relief could continue into the next several years.While the national median remains $254 (17.9%) above pre-pandemic levels recorded in April 2019, it has fallen $92 (-5.2%) from its August 2022 peak. The multi-family construction pipeline, though pulling back from its historic peak, remains 11.4% above pre-pandemic norms, and a fresh surge in new groundbreakings suggests the downward pressure on rents is not over."Many renters have experienced meaningful relief over the past nearly three years, and although completions have slowed, forward-looking indicators are renter friendly," said Danielle Hale, chief economist at Realtor.com®. "New multi-family groundbreakings jumped nearly 20% in the first quarter of 2026, and units that break ground today typically reach the market within 12 to 24 months — so the pipeline points to continued downward pressure on rents well into 2027."The National Multi-Family Pipeline Remains Strong
The national multi-family construction pipeline remains well above historical norms, even as it pulls back from its peak. The number of multi-family constructions currently being built averaged 684,000 units on a seasonally adjusted annual rate in 2026Q1, down from a peak of 971,000 in 2024Q1, but still 11.4% above the pre-pandemic average of 614,000.New construction activity picked up sharply in early 2026, with the rate of new multi-family groundbreakings jumping nearly 20% compared to a year ago and running 21.3% above pre-pandemic levels. While the annual completion rate of 470,000 trail behind a year ago, it is still 23% above the pre-pandemic norm. If that pace holds, the total U.S. rental housing stock is on track to grow to over 50.5 million units by 2027Q1, a level 8.5% higher than before the pandemic.Rising Multi-Family Starts Signal a New Wave of Rental Supply on the Horizon
2026Q12025Q1Avg. Q1 of 2017-
2019%Change vs.
2025Q1% Change vs. pre-
pandemicUnder
Construction684,000765,000614,000-10.6 %11.4 %Starts462,000386,000381,00019.7 %21.3 %Completions470,000570,000382,000-17.5 %23.0 %More Multi-Family Units Are Coming, But Not Everywhere Equally
The regional picture, however, is uneven. The Northeast saw new multi-family groundbreakings nearly double year-over-year in 2026Q1, and the number of newly completed multi-family units jumped 42.1%, the strongest growth of any region. That supply is already showing up in rent data: Boston, Mass. fell 2.9% and Philadelphia, Pa. fell 1.5% year-over-year in April. New York, N.Y. remains an exception, with rents still edging up 1.1% amid persistently tight conditions.The West tells a more cautionary tale. New groundbreakings there fell to their lowest first-quarter level since at least 2017, and the number of newly completed multi-family units dropped 37.9% year-over-year, the only region where completions have fallen below pre-pandemic norms. Renters in Los Angeles, Calif. (-1.7%), Denver, Colo. (-3.4%), and Phoenix, Ariz. (-4.2%) are still seeing some relief today, but the slowdown in construction raises the risk that the trend reverses in the years ahead."The story isn't the same in every region, and that matters for where renters will feel relief next," said Jiayi Xu, economist at Realtor.com®. "The Northeast is already seeing new multi-family units come online and rents respond in some large markets. The West is telling a very different story. Renters there who are benefiting from lower rents today may find that window closing as fewer new multi-family units enter the market."Northeast Sees the Highest YOY Growth in Starts and Completions

2026Q12025Q1Avg. Q1 of 2017-
2019%Change vs.
2025Q1% Change vs. pre-
pandemicNortheastUnder
Construction144,000155,000132,000-7.1 %9.1 %NortheastStarts105,00058,00052,00081.0 %101.9 %NortheastCompletions108,00076,00060,00042.1 %80.0 %SouthUnder
Construction279,000314,000227,000-11.1 %22.9 %SouthStarts230,000164,000180,00040.2 %27.8 %SouthCompletions199,000269,000172,000-26.0 %15.7 %MidwestUnder
Construction87,00092,00072,000-5.4 %20.8 %MidwestStarts49,00056,00035,000-12.5 %40.0 %MidwestCompletions63,00064,00041,000-1.6 %53.7 %WestUnder Construction174,000204,000182,000-14.7 %-4.4 %WestStarts77,000107,000114,000-28.0 %-32.5 %WestCompletions100,000161,000109,000-37.9 %-8.3 %Looking ahead, rental stock growth is expected to be strongest in the Northeast (+1.1%) by 2027Q1, followed by the South (+0.9%), and the Midwest and West (both +0.7%)."As we move into the spring and summer leasing seasons, we expect the median asking rent to tick up modestly on a monthly basis, which is the typical seasonal pattern," said Xu. "But given the sustained level of multi-family construction relative to pre-pandemic norms, year-over-year declines are likely to continue through 2026. Modest rent relief is still the story for most renters."Rental Data – 50 Largest Metropolitan Areas – April 2026MarketMedian Asking Rent (0-2
Bedrooms)YOY
ChangesAtlanta-Sandy Springs-Roswell, Ga. 1,549-3.4 %Austin-Round Rock-San Marcos, Texas1,362-5.3 %Baltimore-Columbia-Towson, Md.1,806-0.7 %Birmingham, Ala.1,181-1.2 %Boston-Cambridge-Newton, Mass.-N.H.2,921-2.9 %Buffalo-Cheektowaga, N.Y.NANACharlotte-Concord-Gastonia, N.C-S.C.1,490-2.6 %Chicago-Naperville-Elgin, Ill.-Ind.1,797-0.3 %Cincinnati, Ohio-Ky.-Ind.1,3240.8 %Cleveland, Ohio1,192-0.7 %Columbus, Ohio1,174-1.2 %Dallas-Fort Worth-Arlington, Texas1,461-3.2 %Denver-Aurora-Centennial, Colo.1,749-3.4 %Detroit-Warren-Dearborn, Mich. 1,246-3.7 %Hartford-West Hartford-East Hartford, Conn.NANAHouston-Pasadena-The Woodlands, Texas1,382-2.5 %Indianapolis-Carmel-Greenwood, Ind.1,260-1.8 %Jacksonville, Fla.1,476-2.8 %Kansas City, Mo.-Kan.1,4304.7 %Las Vegas-Henderson-North Las Vegas, Nev.1,430-2.7 %Los Angeles-Long Beach-Anaheim, Calif.2,760-1.7 %Louisville/Jefferson County, Ky.-Ind. 1,215-1.5 %Memphis, Tenn.-Miss.-Ark.1,103-4.7 %Miami-Fort Lauderdale-West Palm Beach, Fla.2,273-2.1 %Milwaukee-Waukesha, Wis.1,617-0.3 %Minneapolis-St. Paul-Bloomington, Minn.-Wis.1,494-0.5 %Nashville-Davidson--Murfreesboro--Franklin, Tenn.1,474-4.8 %New Orleans-Metairie, La.NANANew York-Newark-Jersey City, N.Y.-N.J.2,9201.1 %Oklahoma City, Okla. 911-5.0 %Orlando-Kissimmee-Sanford, Fla.1,663-2.6 %Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.1,740-1.5 %Phoenix-Mesa-Chandler, Ariz.1,441-4.2 %Pittsburgh, Pa.1,4633.0 %Portland-Vancouver-Hillsboro, Ore.-Wash.1,592-1.7 %Providence-Warwick, R.I.-Mass.NANARaleigh-Cary, N.C.1,433-2.1 %Richmond, Va.1,5310.5 %Riverside-San Bernardino-Ontario, Calif.2,051-3.5 %Rochester, N.Y.NANASacramento-Roseville-Folsom, Calif.1,823-1.5 %St. Louis, Mo.-Ill.1,286-0.8 %San Antonio-New Braunfels, Texas1,156-4.7 %San Diego-Chula Vista-Carlsbad, Calif.2,669-3.0 %San Francisco-Oakland-Fremont, Calif.2,698-2.0 %San Jose-Sunnyvale-Santa Clara, Calif.3,3061.3 %Seattle-Tacoma-Bellevue, Wash.1,851-1.7 %Tampa-St. Petersburg-Clearwater, Fla. 1,653-4.3 %Virginia Beach-Chesapeake-Norfolk, Va.-N.C.1,5642.4 %Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va. 2,280-1.8 %Methodology
Rental data as of April 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com® began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com View original content:https://www.prnewswire.com/news-releases/us-rents-fall-for-33rd-straight-month-as-surge-in-new-multi-family-construction-points-to-continued-renter-relief-302770006.htmlSOURCE Realtor.com Original: U.S. Rents Fall for 33rd Straight Month as Surge in New Multi-family Construction Points to Continued Renter Relief

Realtor.com® Identifies 12 Emerging Luxury Markets Gaining High-End GroundMay 12, 2026 6:00 AM
PR Newswire (US) Fayetteville, Ark., and Durham, N.C., anchor a construction-driven luxury surge as national high-end pricing firms for springAUSTIN, Texas, May 12, 2026 /PRNewswire/ -- While the traditional coastal powerhouses of New York and California continue to anchor the U.S. luxury market, a new tier of high-end activity is taking hold in mid-sized metros across the country. The Realtor.com® April Luxury Housing Report highlights 12 emerging luxury markets where the seven-figure segment is expanding rapidly, often outpacing the national rate of inventory growth.The national luxury threshold (90th percentile) reached $1,274,423 in April, up 2.0% from March. Although pricing remains 1.9% below year-ago levels, marking the 25th consecutive month of year-over-year decline, the stabilization of the national entry point is occurring alongside the aggressive scaling of luxury inventory in transition markets like Fayetteville-Springdale-Rogers, AR (+37.7% YoY) and Durham-Chapel Hill, NC (+23.7%)."We are seeing a fundamental shift in where luxury is moving. The real story this spring isn't found in the established coastal cores, but in these 12 emerging markets that are actively transitioning into luxury markets," said Anthony Smith, senior economist at Realtor.com®. "These are places where luxury has gained significant depth and momentum. Whether it's driven by corporate relocation in the Southeast or the desire for acreage and privacy in the Hudson Valley, these markets are offering a new value proposition for the high-end buyer that balances lifestyle with a slightly more accessible entry point than the national luxury floor."National Luxury Overview: April 2026PricingApril 2026Monthly ChangeYoY ChangeLuxury Threshold 90th Percentile$1,274,4232.0 %-1.9 %High-End Luxury Threshold 95th Percentile$2,003,1390.3 %-5.9 %Ultra Luxury Threshold 99th Percentile$5,711,785-1.0 %-3.7 %Million-Dollar Listing Share13.5 %-0.4pp-0.6ppHigh-End Emergence: Construction vs. AppreciationTo identify these markets in transition, Realtor.com® looked for metros with a meaningful volume of million-dollar listings (200–500 annually) where at least 10% of all inventory is priced above $1 million. The resulting list of 12 markets reveals two distinct drivers of luxury growth: new development and the appreciation of legacy estates.In fast-growing hubs like Fayetteville, AR (41.3% new construction share) and Provo-Orem, UT (36.8%), the luxury segment is being actively created by builders to meet the demands of high-income professionals. Conversely, in markets like the Hudson Valley's Kiryas Joel-Poughkeepsie-Newburgh metro, growth is driven by the prestige of existing equestrian farmlands and historic enclaves."The drivers of this emergence vary by region," Smith added. "In the Research Triangle and Northwest Arkansas, builders are the primary engine, purpose-building luxury to meet modern customization demands. However, in places like Santa Fe or the Hudson Valley, the growth is more rooted in the appreciation and re-entry of existing homes into the million-dollar tier. In the Hudson Valley specifically, we're seeing a quiet ascent of estate-driven communities like Tuxedo Park and Millbrook, where privacy and land are the primary amenities, attracting buyers who want an alternative to the density of New York City."Top Emerging Luxury Markets RankArea10% Most
Expensive
Listings Start
at:Million-Dollar
Listing Count
YoYShare of New
Construction
(Luxury)Share of Million-Dollar
Listings0USA$1,274,4230.6 %18.1 %13.5 %1Fayetteville-Springdale-Rogers, Ark.$1,017,30537.7 %41.3 %10.6 %2Durham-Chapel Hill, N.C.$1,239,75023.7 %30.3 %16.1 %3Santa Fe, N.M.$2,736,25020.7 %12.4 %40.3 %4Colorado Springs, Colo.$1,003,59417.8 %14.7 %10.4 %5Knoxville, Tenn.$1,024,04216.0 %22.2 %10.3 %6Asheville, N.C.$1,497,5008.9 %17.6 %18.1 %7Provo-Orem-Lehi, Utah$1,299,7378.8 %36.8 %15.3 %8Kiryas Joel-Poughkeepsie-Newburgh, N.Y.$1,295,0006.7 %12.9 %14.3 %9St. George, Utah$1,500,0006.4 %13.1 %22.0 %10Savannah, Ga.$1,028,4004.5 %23.0 %10.4 %11Hilton Head Island-Bluffton-Port Royal, S.C.$1,971,0501.0 %14.3 %22.5 %12Portland-South Portland, Maine$1,649,9500.4 %14.2 %21.4 %(Metropolitan areas where the average monthly million-dollar listing count over the past 12 months was between 200 and 500, the median listing price was below $1,000,000, and at least 10% of active listings were priced at $1 million or above. Ranked by year-over-year growth in million-dollar listing count.)The New York and Miami Dynamic
New York City reclaimed the top spot for million-dollar listing counts (11,580) over Miami (10,373), a reflection of the city's well-established spring inventory surge. Despite the monthly flip, Miami's trajectory remains structurally changed, with an inventory base that has tripled since early 2022, proving that even as seasonal patterns return, the geographic footprint of U.S. luxury has permanently expanded.MethodologyAll data in this report is sourced from Realtor.com® listing trends as of April 2026, reflecting active inventory of existing homes, including single-family residences, condos, townhomes, row homes, and co-ops. Listings reflect only those provided by  MLS platforms to Realtor.com via a listing feed. New-construction listings are excluded unless actively listed on participating MLSs.Luxury segmentation is based on market-specific price percentiles, with the 90th percentile representing entry-level luxury, the 95th percentile marking high-end luxury, and the 99th percentile indicating ultraluxury. All calculations are based on listing prices, not final sales prices.Metropolitan and micropolitan areas are defined using the Office of Management and Budget's OMB-2023 delineations, with Claritas 2025 household estimates used for relative comparisons. Where appropriate, we limited analysis to metros or micros with a minimum threshold of active million-dollar listings on average over the past year to ensure meaningful comparisons.Historical listing trend data extends to July 2016, but year-over-year comparisons in this report use March 2025 as the baseline.Luxury by the Numbers90th percentile = Entry-level luxury (top 10% of prices)95th percentile = High-end luxury99th percentile = Ultraluxury (often rare or custom properties)About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com  View original content:https://www.prnewswire.com/news-releases/realtorcom-identifies-12-emerging-luxury-markets-gaining-high-end-ground-302768628.htmlSOURCE Realtor.com Original: Realtor.com® Identifies 12 Emerging Luxury Markets Gaining High-End Ground

Urban New Construction Is Scarce, Expensive, and in High DemandMay 7, 2026 6:00 AM
PR Newswire (US) Urban new builds account for just 11% of listings but carry a 78% price premiumAUSTIN, Texas, May 7, 2026 /PRNewswire/ -- Realtor.com® today released its first quarter 2026 New Construction Insights Report, revealing a tale of two housing markets: an urban new construction market defined by scarcity and steep premiums, and a suburban one marked by stability and competitive pricing. The report finds that while new construction has shown remarkable resilience overall, where new homes are being built is shaping who can afford them  and how much they will pay.Urban new builds are rare. Nationally, just 10.9% of new construction listings are in urban zip codes, compared to nearly 30% of existing homes. When they do appear, buyers pay a significant premium: urban new construction carries a 78.4% price premium over urban existing homes, with a median listing price of $738,662 versus $414,000 for existing urban homes."New construction is overwhelmingly a suburban story in the United States, and that has real consequences for buyers who want to live in cities," said Joel Berner, senior economist at Realtor.com®. "Urban new builds are difficult to deliver, and that difficulty is priced in. When a new home does come to market in an urban zip code, it commands a price that reflects just how hard it was to build there."Where New Homes Are Built Determines How Much They CostNew construction homes for sale are overwhelmingly located in suburban areas and that impacts their price. Nearly 80% of new homes for sale are suburban, compared to just over 55% of existing homes. Suburban new builds carry just a 7.0% premium over suburban existing homes. Suburban new construction is plentiful, competitive, and concentrated in the South, where listing prices tend to be lower.Urban new construction is a different market entirely. New construction is underrepresented in urban areas. Nearly 30% of existing homes for sale are in urban zip codes, but just over 10% of new construction homes are.Seven metros have a majority of their new construction listings in urban zip codes: New York (69.6%), Miami (69.5%), San Francisco (68.9%), Los Angeles (68.8%), New Orleans (62.4%), Urban Honolulu (53.8%), and San Diego (53.4%). Every one of those metros carries a new construction premium above the national average. Miami's new construction premium stands at 305.2%. New York's is 106.8%.Metro AreaUrban Share
of New
Construction
ListingsNew
Construction
PremiumUrban Share of
Resale ListingsNew York-Newark-Jersey City, NY-NJ69.6 %106.8 %71.3 %Miami-Fort Lauderdale-West Palm Beach, FL69.5 %305.2 %79.6 %San Francisco-Oakland-Fremont, CA68.9 %30.1 %67.0 %Los Angeles-Long Beach-Anaheim, CA68.8 %42.4 %77.5 %New Orleans-Metairie, LA62.4 %24.9 %73.1 %Urban Honolulu, HI53.8 %29.2 %66.4 %San Diego-Chula Vista-Carlsbad, CA53.4 %23.5 %61.2 %At the other end of the spectrum, nine of the ten metros with the lowest new construction premiums have urban shares of new construction listings below 10%. In Cape Coral, FL, Austin, TX, Boise, ID, and Pensacola, FL, new construction is actually less expensive than existing homes, with negative premiums ranging from -13.5% to -4.8%. In each of these markets, new homes are concentrated in suburban and rural zip codes while existing homes are far more urban — making direct price comparisons misleading without that context.Metro AreaUrban Share of New
Construction
ListingsNew
Construction
PremiumUrban Share of Resale
ListingsCape Coral-Fort Myers, FL2.9 %-13.5 %17.0 %North Port-Bradenton-Sarasota, FL12.2 %-7.7 %26.2 %Austin-Round Rock-San Marcos, TX8.6 %-6.0 %29.6 %Pensacola-Ferry Pass-Brent, FL7.0 %-5.7 %13.9 %Boise City, ID3.0 %-4.8 %15.1 %Greenville-Anderson-Greer, SC9.2 %-0.5 %10.6 %Deltona-Daytona Beach-Ormond Beach, FL4.8 %2.6 %23.2 %Raleigh-Cary, NC7.6 %2.9 %21.9 %Phoenix-Mesa-Chandler, AZ9.5 %4.0 %42.5 %Jacksonville, FL7.7 %4.1 %22.4 %The metros with the steepest urban new construction premiums include Miami, where urban new builds carry a median listing price of $2,578,695 — a 461.8% premium over urban existing homes. Tampa, St. Louis, Detroit, and Chicago also appear on the list, a mix that underscores that demand for urban new construction is not limited to expensive coastal cities.Metro AreaUrban New
Construction
Median Listing
PriceUrban Existing
Home Median
Listing PriceUrban New
Construction
PremiumMiami-Fort Lauderdale-West Palm Beach, FL$2,578,695$459,000461.8 %North Port-Bradenton-Sarasota, FL$1,639,990$408,000302.0 %Tampa-St. Petersburg-Clearwater, FL$1,182,600$390,000203.2 %St. Louis, MO-IL$575,000$189,950202.7 %Detroit-Warren-Dearborn, MI$511,180$185,000176.3 %Chicago-Naperville-Elgin, IL-IN$889,000$329,900169.5 %Cincinnati, OH-KY-IN$699,950$260,000169.2 %New York-Newark-Jersey City, NY-NJ$1,510,000$699,000116.0 %Raleigh-Cary, NC$1,053,423$489,000115.4 %Orlando-Kissimmee-Sanford, FL$684,000$320,000113.8 %"The price signals for urban building are clear," said Berner. "As more jurisdictions streamline permitting and adopt more permissive zoning, builders will follow the opportunity. The demand is there — the question is whether the policy environment will allow supply to catch up."New Construction Holds Steady While Existing Home Prices FallNationally, the median listing price for new construction came in at $449,373 in the first quarter of 2026, essentially flat compared to $449,150 one year ago. Existing home prices told a different story, falling 0.9% year over year to $390,550. That divergence has pushed the new construction premium — the gap between what buyers pay for a new home versus an existing one — up to 15.1%, from 14.0% a year ago.Inventory trends are also shifting. New construction inventory growth has held steady in the 5% to 9% range year over year, while growth in existing home inventory is slowing to match it. New construction's share of total listings on the market held nearly flat at 19.3%, compared to 19.4% last year.For the second consecutive quarter, new homes have seen price reductions at a higher rate than existing homes — even as overall new construction prices have remained stable. That combination points to active price management by builders, who are listing homes higher and adjusting down to meet buyers."Builders are navigating a difficult environment," said Berner. "They are facing rising costs for labor and materials while competing for buyers who are already stretched by high mortgage rates and economic uncertainty. The fact that prices have held steady is a testament to how carefully builders are managing their inventory — but the uptick in price reductions tells you the pressure is real."Time on market for new construction has remained constant, even as the existing home market continues to slow. Price per square foot has also returned to its expected relationship, with new homes now commanding $217 per square foot versus $216 for existing homes — a gap that had been inverted for much of 2025.MethodologyRealtor.com® housing data as of March 2026. Listings include the active inventory of newly built single-family homes and condos, townhomes, row homes, and co-ops on Realtor.com®. Realtor.com® new construction data history goes back to January 2023. Zip codes are categorized based on RUCA codes from the U.S. Department of Agriculture, household counts and square mileage provided by Claritas, and pedestrian and public transit scores provided by Local Logic.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com View original content:https://www.prnewswire.com/news-releases/urban-new-construction-is-scarce-expensive-and-in-high-demand-302764280.htmlSOURCE Realtor.com Original: Urban New Construction Is Scarce, Expensive, and in High Demand

Nearly 4 Million American Homes Now House Multiple Generations, New Realtor.com® Report FindsMay 5, 2026 6:00 AM
PR Newswire (US) New report finds multigenerational homes command a 65% price premium yet still attract significantly more buyer interest than standard listingsAUSTIN, Texas, May 5, 2026 /PRNewswire/ -- With Mother's Day around the corner, nearly 3 million owner-occupied homes across the country have at least two mothers living under one roof among the nearly 4 million multigenerational households according to a new Realtor.com® report. This report finds that multigenerational living is quietly reshaping American housing demand, with sellers asking for 65% more for multigenerational homes amid high competition, especially in Southern and Eastern markets where supply is thin. Multigenerational houses are homes whose descriptions include keywords such as  'guest house,' 'in-law suite' or 'granny-flat.'"Multigenerational living is a meaningful force in the housing market," said Hannah Jones, senior economic research analyst at Realtor.com®. "A sense of shared purpose and care is at the heart of multigenerational living, a housing arrangement that is quietly shaping American family life. What stands out in this data is that buyers are not being deterred by the higher price tags. The demand is strong and in a few parts of the country, the supply is struggling to keep up."In 2024, 4.5% of all owner-occupied households were multigenerational, defined as containing three or more generations, which was up from 4.3% in 2019. The typical multigenerational household includes five people sharing a four-bedroom home, with a median annual household income of $131,000.Multi-Generational Homes Are Not Cheap and Demand Is HighIn 2025, the median list price for a multigenerational house on Realtor.com® was $709,000, roughly 65% higher than the $429,900 median for a standard listing. Some of the premium is due to the fact that multigenerational homes are typically larger-sized. However, even on a per-square-foot basis, these homes ask $262 per-square-foot versus $215 for standard homes, a 22% premium driven by specialized features such as in-law suites, secondary kitchens, and dual entries, as well as their concentration in high-cost coastal markets.Even with higher price tags, multigenerational listings received 13.5% more page views than standard homes and sold in the same median timeframe 59 days. This suggests demand is keeping pace with the higher price point.California Dominates Supply. The Midwest and South Are Starved for It.Regionally, the supply picture is dramatically uneven. Western metros account for the highest share of multigenerational home listings, averaging around 14%, compared to 6.1% in the South, 5.3% in the Northeast, and just 2.9% in the Midwest. All five of the top metros by multigenerational listing share are in California: Los Angeles (23.7%), San Diego (22.7%), San Jose (18.0%), San Francisco (17.4%), and Riverside (14.9%).In California, multigenerational homes are more common and priced accordingly. In Los Angeles, the premium over a standard listing is just 1.6%. In San Francisco, it is 8.4%. Cultural tradition, housing costs, and an existing stock of purpose-built or adapted homes have made extended family living a mainstream option there.The story is entirely different in the Midwest and parts of the South. Detroit, Cleveland, and Buffalo rank among the lowest metros for multigenerational listing share — 2.0%, 3.1%, and 2.5%, respectively — yet buyers in those see asking price premiums of 120%, 107%, and 94% over standard listings when a multigenerational home does come up for sale. Detroit listings attract 82% more page views than standard homes. Cleveland is close behind at 78%."In markets like Detroit and Cleveland, multigenerational homes are a rare find, and when one hits the market, buyers respond," said Jones. "The strong demand and steep premiums we are seeing in inventory-constrained markets point to a real mismatch between what buyers are looking for and what is actually available. For sellers in these markets, this type of home can be a significant asset."Who Lives in Multigenerational Homes?Multigenerational households reflect the diversity of American family life. Among owner-occupied multigenerational households, 44.9% are White, 25.8% are Hispanic, 13.5% are Black, and 11.1% are Asian. The arrangement is most prevalent in urban markets in the West and along the East Coast."While the share of multigenerational households held steady over the past decade, the number of families choosing to live this way grew from 3.2 million to 3.9 million between 2014 and 2024, a sign that multigenerational living is becoming an increasingly common choice for American families as high housing and childcare costs create strong reasons for co-living," said Jiayi Xu,  an economist at Realtor.com®.Among the 100 largest metros, Urban Honolulu, HI sees the highest share of multigenerational households at 12.1%, followed by Riverside, CA (10.9%), Stockton, CA (10.1%), McAllen, TX (10.1%), and Bakersfield, CA (8.8%). In addition, Bakersfield, CA, Riverside, CA, Stockton, CA  are also the markets seeing the fastest growth in share of multigenerational households over the past 10 years.What Does This Means for Buyers and Sellers?For buyers seeking a multigenerational home, timing and location strategy matter. Realtor.com®'s Market Clock offers a market-specific look at the market to help families plan their search and sellers maximize their opportunity during peak demand windows.50 Largest Metros Multigenerational Listing DataGeo NameShare
Multigen
ListingsMultigen
Listing
PricePrice vs
StandardMultigen
Page
Views vs
StandardMultigen
Listing
Price Per
Sq FtPrice Per
Sq Ft vs
StandardUnited States6.1 %$709,00064.9 %13.5 %$26221.9 %Atlanta-Sandy Springs-Roswell, GA10.7 %$608,00044.1 %30.0 %$189-1.0 %Austin-Round Rock-San Marcos, TX7.7 %$775,00055.0 %33.3 %$29121.8 %Baltimore-Columbia-Towson, MD8.9 %$744,90038.0 %9.4 %$239-2.8 %Birmingham, AL3.4 %$539,00081.2 %73.7 %$1667.1 %Boston-Cambridge-Newton, MA-NH7.0 %$1,099,90015.9 %-0.9 %$375-12.4 %Buffalo-Cheektowaga, NY2.5 %$524,90094.4 %34.2 %$1914.9 %Charlotte-Concord-Gastonia, NC-SC4.4 %$635,00038.1 %13.0 %$2210.5 %Chicago-Naperville-Elgin, IL-IN3.7 %$587,99051.2 %30.6 %$2125.5 %Cincinnati, OH-KY-IN2.4 %$599,99964.8 %40.3 %$1963.7 %Cleveland, OH3.1 %$524,900106.7 %77.6 %$16211.0 %Columbus, OH3.3 %$649,00070.8 %48.8 %$2072.0 %Dallas-Fort Worth-Arlington, TX5.6 %$650,00051.2 %48.6 %$2229.9 %Denver-Aurora-Centennial, CO9.6 %$850,00023.4 %6.3 %$2871.1 %Detroit-Warren-Dearborn, MI2.0 %$550,000120.0 %82.0 %$20820.9 %Hartford-West Hartford-East Hartford, CT5.3 %$699,00040.1 %-3.0 %$256-1.5 %Houston-Pasadena-The Woodlands, TX2.9 %$520,00038.7 %50.0 %$1898.6 %Indianapolis-Carmel-Greenwood, IN3.2 %$524,90061.5 %43.8 %$1613.2 %Jacksonville, FL6.2 %$619,00042.3 %33.3 %$25111.6 %Kansas City, MO-KS2.7 %$580,00045.0 %56.3 %$182-6.7 %Las Vegas-Henderson-North Las Vegas, NV4.7 %$699,99927.3 %10.0 %$261-5.1 %Los Angeles-Long Beach-Anaheim, CA23.7 %$1,419,8001.6 %-11.1 %$692-0.3 %Louisville/Jefferson County, KY-IN2.8 %$550,00069.2 %36.2 %$164-8.4 %Memphis, TN-MS-AR2.7 %$579,00069.8 %52.5 %$1611.3 %Miami-Fort Lauderdale-West Palm Beach, FL6.5 %$1,200,00051.9 %5.3 %$46710.9 %Milwaukee-Waukesha, WI1.5 %$695,00073.8 %36.6 %$203-7.3 %Minneapolis-St. Paul-Bloomington, MN-WI3.5 %$699,00033.2 %26.6 %$210-5.8 %Nashville-Davidson--Murfreesboro--Franklin, TN6.8 %$830,00044.4 %31.0 %$29212.3 %New York-Newark-Jersey City, NY-NJ5.7 %$899,0007.3 %10.6 %$365-21.7 %Oklahoma City, OK3.4 %$515,00060.9 %66.7 %$1804.7 %Orlando-Kissimmee-Sanford, FL8.7 %$659,00037.3 %35.0 %$2422.1 %Philadelphia-Camden-Wilmington, PA-NJ-DE-MD7.4 %$699,00039.8 %7.5 %$2450.0 %Phoenix-Mesa-Chandler, AZ8.2 %$640,00020.8 %30.0 %$2835.6 %Pittsburgh, PA2.8 %$409,90078.3 %27.7 %$17510.8 %Portland-Vancouver-Hillsboro, OR-WA12.6 %$849,90028.8 %16.7 %$297-6.3 %Providence-Warwick, RI-MA6.5 %$775,00024.0 %-3.5 %$300-11.8 %Raleigh-Cary, NC6.2 %$719,00051.4 %44.4 %$2377.2 %Richmond, VA5.9 %$649,50044.3 %24.6 %$212-5.8 %Riverside-San Bernardino-Ontario, CA14.9 %$718,00019.7 %16.7 %$335-1.5 %Sacramento-Roseville-Folsom, CA14.6 %$749,99017.9 %11.9 %$343-0.6 %Salt Lake City-Murray, UT14.9 %$799,90022.3 %11.8 %$2470.8 %San Antonio-New Braunfels, TX4.5 %$573,10568.6 %65.2 %$21719.9 %San Diego-Chula Vista-Carlsbad, CA22.7 %$1,419,00018.8 %-2.0 %$606-3.2 %San Francisco-Oakland-Fremont, CA17.4 %$1,299,0008.4 %-5.8 %$670-0.4 %San Jose-Sunnyvale-Santa Clara, CA18.0 %$2,050,00020.7 %5.1 %$1,0056.9 %Seattle-Tacoma-Bellevue, WA12.1 %$970,00011.6 %16.7 %$411-1.0 %St. Louis, MO-IL3.9 %$460,00050.8 %0.0 %$21228.5 %Tampa-St. Petersburg-Clearwater, FL9.0 %$599,00037.7 %12.8 %$2636.0 %Tucson, AZ8.4 %$524,99026.5 %32.1 %$2519.6 %Virginia Beach-Chesapeake-Norfolk, VA-NC4.4 %$638,90042.0 %25.9 %$209-5.9 %Washington-Arlington-Alexandria, DC-VA-MD-WV10.9 %$925,00027.6 %4.7 %$271-5.6 %MethodologyData sources include ACS 1-Year Estimates and Realtor.com® listing data. We define multigenerational households following the Census Bureau's definition — those households containing three or more generations. For the purpose of the research, we only focus on owner-occupied households.  Realtor.com® filtered its 2025 active listing database for for-sale single-family homes and condos, excluding rental properties, pending sales, and deleted records. A keyword-based classification model scanned property descriptions for terms such as "ADU," "guest house," "in-law suite," and "granny flat" to isolate properties marketed for multihousehold living. Performance metrics were aggregated across 50 major metropolitan statistical areas and the national level, measuring median list prices, price per square foot, days on market, and listing page views to compare multigenerational and standard property segments.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com View original content:https://www.prnewswire.com/news-releases/nearly-4-million-american-homes-now-house-multiple-generations-new-realtorcom-report-finds-302761617.htmlSOURCE Realtor.com Original: Nearly 4 Million American Homes Now House Multiple Generations, New Realtor.com® Report Finds

Spring Housing Market Holds Its Ground Despite Economic Headwinds, According to Realtor.com® April Housing ReportApril 30, 2026 6:00 AM
PR Newswire (US)

Prices Fall for a Sixth Straight Month, and Fewer Price Cuts Signal Sellers are Coming to Market More Realistic PricingAUSTIN, Texas, April 30, 2026 /PRNewswire/ -- Despite a turbulent start to the month marked by spiking gas prices, surging mortgage rates, and cratering consumer sentiment, the spring housing market showed surprising resilience in April, according to the Realtor.com® April 2026 Monthly Housing Trends Report released today. New listings climbed 1.1% year-over-year, median list prices fell for the sixth straight month, and the share of sellers cutting prices actually declined — signaling that rather than panicking, sellers are entering the market with realistic expectations."The worry going into April was that history would repeat itself," said Danielle Hale, Chief Economist, Realtor.com®. "Last spring, tariff-driven uncertainty and recession fears hit in early April, sidelining sellers and buyers and setting up a cruel summer marked by parties too far apart to transact. This year, different triggers like the Iran conflict, spiking gas prices, surging mortgage rates have threatened the same outcome. The hope was that sellers would continue coming to market at the strong March pace, and that buyers would keep engaging despite the volatility. By those measures, April delivered."MetricApril 2026Change overMarch 2026
(MoM)Change over
Apr. 2025
(YoY)Change over
Apr. 2019Change over
Apr. 2022Median listing price$425,0002.3 %-1.4 %34.9 %1.3 %Active listings1,002,9354.0 %4.6 %-11.8 %163.9 %New listings477,1168.7 %1.1 %-13.6 %-3.7 %Median days on market52-62-222Share of active listings with price reductions16.7 %0.5-1.22.39.9Median List Price Per Sq.Ft.$2271.1 %-2.4 %50.3 %3.8 %New Listings Grow Despite Geopolitical WorryNew listings rose 8.7% month over month and 1.1% year over year in April. The gains were especially pronounced in the Northeast (+9.4% year over year) and Midwest (+6.6%), two regions that have struggled with tight inventory for years. The South and West posted much more modest movement (+0.6% and -3.5%, respectively). At the metro level, Virginia Beach, Indianapolis and Louisville, Ky., led the nation in new listing growth.The strength of new listings is particularly meaningful given what happened a year ago. Last spring, seller activity collapsed almost immediately when economic uncertainty hit, setting up a season where buyers and sellers were simply too far apart to transact. April's results suggest that this year's sellers — particularly in the inventory-starved Northeast and Midwest — are choosing engagement over retreat.Prices Fall for Sixth Straight Month; Sellers Pricing to MoveThe national median list price was $425,000 in April, up 2.3% from March in a typical seasonal pattern, but down 1.4% year over year — extending a streak of flat or declining annual prices that now spans the past nine months. Price per square foot, which accounts for the changing size mix of homes on the market, fell 2.4% year over year to $227.Year-over-year median list price declines were recorded across all four major regions, ranging from -3.1% in the West to -0.1% in the Midwest. The sharpest declines were concentrated in the South and West: Memphis (-12.9%), Austin (-9.5%), and Los Angeles (-8.1).Perhaps the most telling price signal in April came from what did not happen: price cuts fell rather than spiked. The share of active listings with a price reduction declined 1.2 percentage points year over year to 16.7% — even as overall list prices continued to soften."Compared to last year, 2026 has seen both fewer price cuts and lower median list prices," said Jake Krimmel, Senior Economist, Realtor.com®. "That combination suggests sellers have internalized the generally more buyer-friendly market conditions and are adjusting price expectations before listing rather than after. This is a meaningful behavioral shift."Active Inventory Continues to Rise, Though Growth Is DeceleratingActive listings rose 4.6% year over year to 1,002,935 in April, a continued improvement even as the pace of growth has moderated from last month's 8.1% gain. National inventory remains 11.8% below typical 2017–2019 pre-pandemic levels, down from a 13.8% deficit last month.Notably, new listings growth is slightly accelerating while active inventory growth is decelerating — a divergence that implies fresher inventory cycling through the market. Whether that translates into more sales will be the key question for May.Homes Still Taking Longer to Sell — But Market Remains Faster Than Pre-PandemicIn April, the median home spent 52 days on market, two days longer than a year ago — marking the 25th consecutive month of year-over-year deceleration in the pace of sales. Even so, homes are still selling four days faster than pre-pandemic norms. Time on market edged higher across all three of the four regions (Midwest +3; South +3; West +4 days) and dropped in the Northeast (-1 day.)Mortgage Rate Volatility Fades; Buyers Remain EngagedAfter peaking at 6.46% on April 2nd, mortgage rates fell for three consecutive weeks, finishing the month below 6.30%. While rates remain higher than they've been over most of the last 6 months, they are meaningfully lower than the prior two Aprils — 7.17% in April 2024 and 6.81% in April 2025 — providing buyers with a genuine affordability improvement compared to recent springs. Mortgage purchase applications, which had slipped in March, rebounded in April, consistent with the uptick in new listings and suggesting buyers have not been fully sidelined by the volatility."Although rates have eased from their peak in early April, they are still higher than earlier this year, but well below the past two Aprils," said Krimmel. " Between the rebound in mortgage purchase applications and the continued rise in new listings, it looks as though buyers are relatively unfazed by the volatility. Even so, a resolution to the recent geopolitical uncertainty would do a world of good for the U.S. consumer and homebuyer."Looking Ahead to MayThe key variables to monitor heading into May are whether new listing momentum holds — particularly in the Northeast and Midwest, where those gains are critical to breaking the high-price, low-inventory lock-in cycle — and whether lower list prices translate into more pending sales. New listings growth is accelerating while active inventory growth is decelerating, a gap that implies more sales and fresher inventory. May's pending sales data will confirm whether the price correction is working."It's too early to declare the spring housing market has weathered the storm, but there's renewed reason for cautious optimism," said Krimmel. "The leading indicators that would signal trouble — seller pullback, spiking cancellations, surging price cuts — are, if anything, moving in the right direction. New listings are up, contract cancellations are normal, and seller price cuts that can reveal concern are down."April 2026 Regional and Metro Housing OverviewRegionActive
Listing
Count, YoYNew Listing
Count, YoYMedian List
PriceMedian List
Price, YoYMedian List
Price Per SF,
YoYMedian Days
on Market,
Y-Y (Days)Price
Reduced
SharePrice
Reduced
Share, Y-Y
(Percentage
Points)Northeast9.3 %9.4 %$537,450-2.3 %-0.3 %-110.2 %0.4Midwest11.5 %6.6 %$319,450-0.1 %1.3 %313.4 %0.6South1.8 %0.6 %$386,500-2.6 %-3.4 %318.8 %-1.8West5.8 %-3.5 %$599,450-3.1 %-1.7 %417.9 %-1.1National
Average4.6 %1.1 %$425,000-1.4 %-2.4 %216.7 %-1.2 MetroActive
Listing
Count YoYNew
Listing
Count, YoYMedian
List PriceMedian
List Price,
YoYMedian
List Price
Per SF,
YoYMedian
Days on
Market,
YoY (Days)Price
Reduced
SharePrice
Reduced
Share, YoY
(Percentage
Points)Atlanta-Sandy Springs-
Roswell, GA4.3 %-4.1 %$422,4002.4 %-0.2 %319.5 %-1.4Austin-Round Rock-San
Marcos, TX-0.2 %-13.5 %$475,000-9.5 %-7.7 %723.6 %-2.3Baltimore-Columbia-
Towson, MD11.3 %3.6 %$380,500-3.1 %-0.8 %314.9 %1.5Birmingham, AL7.5 %2.5 %$299,650-0.1 %0.8 %216.3 %0.2Boston-Cambridge-Newton,
MA-NH13.9 %-3.8 %$832,500-5.2 %0.3 %012.0 %-0.1Buffalo-Cheektowaga, NY20.5 %-0.4 %$264,750-5.4 %0.4 %25.4 %-1.1Charlotte-Concord-Gastonia,
NC-SC20.4 %6.2 %$429,950-2.2 %-1.8 %321.0 %-0.1Chicago-Naperville-Elgin, IL-
IN-2.6 %-5.2 %$375,0000.7 %0.9 %110.1 %-0.4Cincinnati, OH-KY-IN26.5 %13.7 %$347,6350.0 %-0.3 %314.8 %1.7Cleveland, OH9.2 %7.8 %$262,225-2.0 %1.9 %1.513.4 %0.4Columbus, OH12.7 %18.0 %$372,400-1.3 %-1.5 %4.517.2 %-1.6Dallas-Fort Worth-Arlington,
TX0.1 %-5.9 %$430,0000.0 %-1.8 %2.522.1 %-3.7Denver-Aurora-Centennial,
CO0.5 %-12.6 %$587,000-2.1 %-3.2 %3.524.3 %-2.8Detroit-Warren-Dearborn, MI20.0 %6.7 %$248,900-1.8 %0.5 %2.513.5 %0.9Hartford-West Hartford-East
Hartford, CT-6.9 %-4.2 %$464,9002.5 %-1.4 %-56.2 %-0.4Houston-Pasadena-The
Woodlands, TX6.9 %-3.5 %$359,897-2.7 %-2.3 %4.518.2 %-1.0Indianapolis-Carmel-
Greenwood, IN32.4 %21.1 %$318,400-3.3 %5.4 %0.519.9 %0.1Jacksonville, FL-21.3 %-8.1 %$395,000-1.2 %-2.4 %122.6 %-5.1Kansas City, MO-KS26.1 %-2.5 %$412,4853.3 %0.3 %-611.1 %-1.5Las Vegas-Henderson-North
Las Vegas, NV12.1 %-8.8 %$474,9500.0 %-2.2 %7.521.6 %0.3Los Angeles-Long Beach-
Anaheim, CA6.8 %-3.3 %$1,098,500-8.1 %-3.3 %213.2 %-1.1Louisville/Jefferson County,
KY-IN33.9 %19.2 %$311,443-4.2 %0.8 %-0.517.7 %3.0Memphis, TN-MS-AR16.4 %9.9 %$300,995-12.9 %-5.8 %-222.3 %1.6Miami-Fort Lauderdale-West
Palm Beach, FL-12.9 %-7.2 %$499,250-2.1 %-1.6 %515.7 %-4.4Milwaukee-Waukesha, WI18.3 %14.3 %$392,5001.9 %3.4 %6.59.4 %0.7Minneapolis-St. Paul-
Bloomington, MN-WI16.5 %10.7 %$432,500-3.3 %-0.9 %0.512.2 %1.6Nashville-Davidson--
Murfreesboro--Franklin, TN15.7 %7.3 %$538,901-1.9 %-1.2 %318.7 %-0.1New York-Newark-Jersey
City, NY-NJ6.2 %11.4 %$772,929-2.1 %-1.3 %-48.3 %0.6Oklahoma City, OK7.9 %6.5 %$319,598-0.8 %-0.7 %8.519.1 %0.7Orlando-Kissimmee-
Sanford, FL-4.0 %-9.0 %$419,000-1.4 %-3.3 %620.8 %-2.6Philadelphia-Camden-
Wilmington, PA-NJ-DE-MD11.2 %9.9 %$372,450-0.7 %0.0 %0.513.0 %0.5Phoenix-Mesa-Chandler, AZ-0.2 %-4.9 %$499,000-5.0 %-1.7 %529.1 %-2.2Pittsburgh, PA9.7 %10.5 %$248,6252.0 %2.7 %3.514.6 %-1.1Portland-Vancouver-
Hillsboro, OR-WA7.2 %-6.1 %$579,750-5.7 %-2.7 %2.524.0 %0.7Providence-Warwick, RI-MA7.7 %3.8 %$577,475-1.3 %7.5 %-2.58.0 %-0.1Raleigh-Cary, NC9.9 %3.6 %$449,950-0.3 %-2.0 %119.0 %-1.1Richmond, VA4.7 %6.3 %$449,975-2.0 %2.2 %1.510.5 %0.6Riverside-San Bernardino-
Ontario, CA-0.4 %-5.6 %$596,500-1.0 %-2.3 %2.516.0 %-2.4Sacramento-Roseville-
Folsom, CA2.6 %-5.7 %$628,520-0.8 %-0.2 %0.516.6 %-1.3Salt Lake City-Murray, UT4.8 %2.5 %$552,450-3.9 %-0.1 %0.520.9 %-3.1San Antonio-New Braunfels,
TX9.5 %7.3 %$324,700-4.5 %-5.8 %-4.524.9 %-0.7San Diego-Chula Vista-
Carlsbad, CA-0.1 %-5.5 %$933,325-4.7 %-4.1 %114.9 %-2.9San Francisco-Oakland-
Fremont, CA-12.9 %-1.5 %$998,4000.3 %-3.0 %-211.4 %-2.0San Jose-Sunnyvale-Santa
Clara, CA8.6 %0.9 %$1,398,500-0.1 %-2.5 %3.513.1 %1.1Seattle-Tacoma-Bellevue,
WA32.3 %2.4 %$776,232-0.8 %-3.0 %416.2 %1.8St. Louis, MO-IL14.8 %4.6 %$285,738-3.1 %1.1 %3.513.8 %0.4Tampa-St. Petersburg-
Clearwater, FL-7.0 %-15.7 %$406,500-0.9 %-2.8 %9.525.1 %-4.2Tucson, AZ2.1 %-13.9 %$386,000-2.6 %-2.0 %723.4 %-0.1Virginia Beach-Chesapeake-
Norfolk, VA-NC4.0 %23.8 %$425,0003.7 %2.2 %-0.515.6 %-0.4Washington-Arlington-
Alexandria, DC-VA-MD-WV11.2 %4.9 %$584,995-6.1 %-3.6 %412.8 %-0.9MethodologyRealtor.com housing data as of April 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.Beginning with our April 2025 report, we have transitioned to a revised national pending home sales data series that applies enhanced cleaning methods to improve consistency and accuracy over time. While the insights and commentary in this report reflect the new series, the downloadable data remains based on our legacy automated pipeline. As a result, there may be slight differences between the report figures and those in the national download file as we transition.With the release of its January 2025 housing trends report, Realtor.com® restated data points for some previous months. As a result of these changes, some of the data released since January 2025 is not directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports.Methodology for cancellations: A contract cancellation is counted if a listing was pending on one day and then back to active the next. It may miss a few that have been entirely delisted.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/spring-housing-market-holds-its-ground-despite-economic-headwinds-according-to-realtorcom-april-housing-report-302757931.htmlSOURCE Realtor.com

Original: Spring Housing Market Holds Its Ground Despite Economic Headwinds, According to Realtor.com® April Housing Report

NYC Rents Hit New High as Rent Gap Between Staying and Moving Surpasses $1,750April 28, 2026 6:00 AM
PR Newswire (US)

With a rent freeze looming for nearly one million stabilized households, a widening rent gap is turning residential mobility from a matter of preference into a financial impossibilityAUSTIN, Texas, April 28, 2026 /PRNewswire/ -- New York City renters are facing a market defined by rising costs and shrinking options, as the median asking rent climbed to $3,616 in the first quarter of 2026, a 6.2% year-over-year increase, while the rent gap between what current tenants pay and what the market demands has surpassed $1,750 per month, according to the Q1 2026 NYC Rental Report from Realtor.com®.The report underscores a city where switching apartments has become financially out of reach for most renters. A typical New York renter currently pays an estimated median contract rent of $1,855 per month in 2026–projected forward from 2024 ACS data. Leaving that unit for a typical available unit, would expose them to a rent gap of $1,761 per month, requiring more than $70,4400 in additional annual household income just to stay within the standard 30% affordability threshold."Much like homeowners who locked-in low, pandemic-era mortgage rates, many of New York City's renters who have lived there for a few years or more wear their own golden handcuffs," said Danielle Hale, chief economist at Realtor.com®. "The rent gap between what tenants pay today and what the market asks has grown so wide that leaving your apartment is no longer just a logistical challenge. For most New Yorkers, it's become a financial near-impossibility. With a rent freeze on stabilized units potentially taking effect later this year, that gap could widen further, making it even costlier to leave a stabilized apartment for years to come."Rents Rise Across Every Borough, Manhattan Leads
In 2026Q1, all four boroughs posted year-over-year rent increases, with Manhattan recording the steepest climb. The borough's median asking rent rose 8.3% to $4,878, requiring an annual household income of $195,120 to meet the 30% affordability benchmark. Brooklyn followed with a 3.9% increase to $3,985, Queens rose 3.3% to $3,427, and the Bronx saw a 1.7% gain to $3,099.Rents by Borough in New York City, 2026Q1BoroughMedian Asking RentRent YoYRent Change –6yearsAnnual Income
Required (30%)Manhattan$4,8788.3 %21.7 %$195,120Brooklyn$3,9853.9 %47.3 %$159,400Queens$3,4273.3 %41.7 %$137,080The Bronx$3,0991.7 %46.9 %$123,960Smaller Units Drive Demand and Price Pressure
The demand for smaller, more affordable units is intensifying competition at the lower end of the market. The median asking rent for 0-2 bedroom apartments rose 7.6% year over year to $3,480 in Q1 2026, outpacing the 2.0% increase seen among larger 3+ bedroom units, which reached a median of $4,764. The faster rent growth in smaller units reflects the squeeze facing renters priced out of larger apartments and the lack of affordable alternatives at the entry level.The Rent Gap: No Borough Is Spared
Across every corner of the city, the rent gap between staying and switching units is steep. In the Bronx, the city's most affordable borough, a typical renter faces a rent gap of $1,756 per month when looking for a new unit within the same borough, requiring roughly $70,240 in additional annual income to remain within affordability guidelines. In Brooklyn, that gap rises to $2,108 per month ($84,320 annually), in Queens to $1,499 ($59,960), and in Manhattan to $2,545 ($101,800).For a typical Manhattan renter, the numbers are especially daunting: even relocating to the Bronx, the city's most affordable borough, would require bridging a rent gap of $766, meaning that $2,553 in additional monthly income would be required to afford such a move.The Rent Gap by Borough, NYC 2026
Median Asking Rent, 2026Q1Estimated Median Contract Rent, 2026Q1Estimated Difference in Asking vs. Contract RentManhattan$4,878$2,333$2,545Brooklyn$3,985$1,877$2,108Queens$3,427$1,928$1,499The Bronx$3,099$1,343$1,756NYC$3,616$1,855$1,761A Rent Freeze Could Widen the Gap Further
Roughly 42% of NYC's rental units are rent-stabilized, with annual increases capped by the Rent Guidelines Board. A proposed freeze on those increases would provide immediate relief to nearly one million households, but it would also cement the growing rent gap between what stabilized tenants pay and what the open market demands."The rent freeze would offer meaningful short-term relief, but it's a policy with long-term consequences that deserve serious scrutiny," said Realtor.com® Economist Jiayi Xu. "If the rent gap between staying and moving continues to widen, the financial barrier to leaving a stabilized unit only grows. Renters may find themselves protected on paper, but effectively locked in place, unable to move for a new job, upsize for a growing family, or simply find a better fit for their lives."NYC rents now sit 28.0% above pre-pandemic levels, compared with just 17.5% gains nationally, underscoring the severity of affordability pressures in the metro relative to the rest of the country.Methodology
New York City rental data as of 2026Q1 for all units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within New York City and each of its boroughs. To calculate the median asking rent for each quarter, we first obtain the median asking rent for each month within that quarter and then take the average of the three months. Data for Staten Island is currently under review.Realtor.com®began releasing regular monthly reports for New York City in August 2024 and transitioned to quarterly rental trend reports in April 2025, with historical data available dating back to Q2 2019.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/nyc-rents-hit-new-high-as-rent-gap-between-staying-and-moving-surpasses-1-750--302754805.htmlSOURCE Realtor.com

Original: NYC Rents Hit New High as Rent Gap Between Staying and Moving Surpasses $1,750

News Corp to Report Fiscal 2026 Third Quarter EarningsApril 21, 2026 4:15 PM
Business Wire
News Corp will release its third quarter Fiscal 2026 results on Thursday, May 7, 2026. News Corp Chief Executive Robert Thomson and Chief Financial Officer Lavanya Chandrashekar will discuss the results via a live audio webcast at 5:00 p.m. EDT (Sydney: May 8, at 7:00 a.m. AEST).


To listen to the webcast, please register using the following link: https://newscorp-q3fy2026-earnings-call.open-exchange.net/registration


A live audio webcast of the call and the archived webcast will also be available via http://investors.newscorp.com. A replay will be available shortly after the call’s conclusion.


The earnings release will be distributed and available on http://investors.newscorp.com prior to the call.


About News Corp


News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://newscorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421813755/en/
News Corp Corporate Communications

Arthur Bochner

646-422-9671

abochner@newscorp.com
News Corp Investor Relations

Michael Florin

212-416-3363

mflorin@newscorp.com


Original: News Corp to Report Fiscal 2026 Third Quarter Earnings

Land Prices Up 77% Since the Pandemic and Inventory Never Came Back, New Realtor.com® ReportApril 21, 2026 6:00 AM
PR Newswire (US)

New data shows land listings remain 24% below pre-pandemic levels, with build-ready lots, raw acreage, and regional markets charting starkly different pathsAUSTIN, Texas, April 21, 2026 /PRNewswire/ -- Realtor.com® today released its first-ever analysis of land listings for sale in the United States, offering an unprecedented look at one of the most fundamental — and least examined — inputs to housing supply. The report, which draws on land listing data from June 2016 through March 2026, finds that the pandemic-era buying frenzy permanently transformed the land market: inventory has contracted 23.6% since the first quarter of 2019 and has yet to recover, while prices per acre have surged 76.6% over the same period. In the first quarter of 2026, there were 426,986 land listings for sale on Realtor.com with a median price per acre of $62,365."The pandemic didn't only drain home inventory, it drained land inventory, and that loss is permanent," said Joel Berner, senior economist at Realtor.com®. "When a builder develops a parcel, that land never returns to the market. The construction boom of 2020 to 2022 burned through years of supply, and the market is still paying for it. Prices sit 77% above pre-pandemic levels, inventory has gone nowhere, and until the development pipeline catches up, neither of those things will change and future new construction could be more costly."Key FindingsLand listings on Realtor.com® have contracted 23.6% nationally since 2019 Q1, a decline that has not meaningfully reversed even as existing home inventory has rebounded.Median prices per acre are up 76.6% since 2019 Q1, led by the Northeast (+101%) and Midwest (+89%), while Western markets have seen the softest appreciation.Raw land has appreciated the most of any development category — up 86.5% since 2019 Q1 — while build-ready listings have risen the least, at 53.3%.Land prices declined 0.5% year over year in 2026 Q1, driven largely by a sharp -5.9% drop in the West as builder activity slows and housing inventory normalizes.Port St. Lucie, FL and Fargo, ND-MN lead all metros in price appreciation since the pandemic, both exceeding 310% price-per-acre growth.Land Inventory Has Not Recovered — and Here's WhyThe trajectory of land listings has closely mirrored that of home listings over the past several years until recently. Before the pandemic, prices for both were steadily rising. In early 2020, inventories plummeted while prices surged. The years 2021 and 2022 saw intense, sustained price growth and inventory reduction during the ultra-low interest rate environment.The critical divergence arrived in 2024. While for-sale home inventory began posting 20% year-over-year gains as sellers re-entered the market, land inventory made virtually no progress toward pre-pandemic counts. The explanation is structural: many land listings purchased from 2020 to 2022 became new homes in 2023 to 2025. Homes eventually return to the listing pool when put up for resale, but land that is developed is permanently converted. The post-pandemic buying frenzy put a lasting dent in the supply of land for sale across the United States.Regional Picture: Northeast Prices Surge; West CoolsSince the first quarter of 2019, land prices per acre have grown the most in the Northeast, followed closely by the Midwest and South. The West, which entered the pandemic with the highest land prices in the country, has seen the softest appreciation and is the only region posting meaningful year-over-year price declines.Region2019 Q1 Price/Acre2026 Q1 Price/AcreChangeMidwest$38,757$73,448+89.5 %Northeast$23,584$47,511+101.5 %South$34,130$63,110+84.9 %West$41,173$54,423+32.2 %The Northeast's persistent price appreciation reflects structural constraints. Much of the region is already densely developed, and remaining undeveloped land is often subject to restrictive zoning, historic preservation laws, and environmental regulations. The pandemic-era construction boom consumed a significant share of what was available, and because that land was permanently transformed into housing, the supply base has contracted in ways that are difficult to reverse.Western markets have taken a different path. The region experienced the steepest pullback in new residential construction activity, with single-family building permits declining faster than in any other region in 2025. Several Western states have also seen housing inventories return to or exceed pre-pandemic levels, reducing urgency among builders for land acquisition. Combined with the region's already-high starting price point, Western land prices have cooled accordingly — falling 5.9% year over year in 2026 Q1.Raw Land Has Appreciated the MostRealtor.com® classifies land listings by development status: raw land (no development), partially developed lots (some clearing or utilities in place), and build-ready lots (marketed as immediately suitable to build on). Raw land has seen the steepest price gains since the pandemic, rising 86.5% per acre since 2019 Q1, compared to 53.3% for build-ready listings.TypeListings for SaleMedian Price/AcreMedian AcresBuild-Ready154,100$126,0711.00Partially Developed189,038$53,5301.34Raw Land86,637$22,6822.25Raw land's outperformance reflects both its lower starting price point and its nature as a more speculative asset class. Unlike build-ready lots, which are ultimately capped in value by what a completed home can sell for, raw land's pricing is driven more by expectations, geography, and demand for development potential. In the current environment of softening construction activity, raw land has also led the recent pullback, declining 2.4% year over year compared to -1.1% for build-ready and +0.8% for partially developed listings.Markets Most Impacted Since the PandemicAmong metros with at least 500 land listings in first quarter of 2026, the Hilton Head Island-Bluffton-Port Royal, SC area has seen the steepest inventory decline compared to 2019 Q1 (-72.1%), followed by Morristown, TN (-65.7%) and Wilmington, NC (-61.2%). Notably, all ten of the hardest-hit markets are located in the eastern half of the country, where raw land is scarcer and listing stocks have not been able to be refreshed.For price appreciation, Port St. Lucie, FL leads all markets with a 314.0% gain in price per acre since 2019 Q1, followed by Fargo, ND-MN (+311.1%) and Spearfish, SD (+286.7%). Philadelphia and Kansas City, both nationally recognized for relative affordability and strong in-migration, also rank among the top ten, with price-per-acre gains of 285.4% and 260.8%, respectively.Land Prices Have Softened in the Past YearOverall land prices per acre fell 0.5% from 2025 Q1 to 2026 Q1 as demand softened. The primary driver is the slowdown in new residential construction activity, which finished 2025 below 2024 levels as builders faced increased cost pressures and weak homebuyer demand. Regionally, the South (+1.3%), Northeast (+0.9%), and Midwest (+0.2%) posted modest gains, while the West declined sharply (-5.9%).MethodologyListing data consist of for-sale land on Realtor.com® from June 2016 through March 2026. Year-over-year land price comparisons are made from the first quarter of 2026 against the first quarter of 2025, and all current statistics are as of the first quarter of 2026. Land listings are classified by development status using listing description keywords as well as price and size categorizations. Each listing is analyzed for words and phrases in the property description that indicate development status, with listings that lack clear signals falling back to a price-per-acre comparison against similar properties in the same county and acreage range, using percentile rank cutoffs to sort into categories. Metro-level data requires a minimum of 500 land listings to be included in rankings.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Mallory Micetich, press@realtor.com 



View original content:https://www.prnewswire.com/news-releases/land-prices-up-77-since-the-pandemic-and-inventory-never-came-back-new-realtorcom-report-302748019.htmlSOURCE Realtor.com

Original: Land Prices Up 77% Since the Pandemic and Inventory Never Came Back, New Realtor.com® Report

New Realtor.com® Report: Renting is More Affordable than Buying Across All 50 Major U.S. Metros -- and the Savings Gap Could Be A Path to HomeownershipApril 16, 2026 6:00 AM
PR Newswire (US)

The monthly savings from renting over buying shrinks by $136 year-over-year, even as national median rent hits its 32nd consecutive month of declineAUSTIN, Texas, April 16, 2026 /PRNewswire/ -- Homeownership remains the goal for many Americans, and right now, the rental market is quietly making that dream more attainable. According to the Realtor.com® March Rental Report, renting a starter home remains the more affordable option across all 50 of the largest U.S. metros, with an average monthly savings of $920 compared to buying. For renters with homeownership in their sights, that gap is not just a reflection of today's market, it's an opportunity to build toward tomorrow's purchase.Those monthly savings can be put directly toward a down payment, creating a faster path to ownership and a lower mortgage payment when the time comes. The strategy is particularly compelling in rent-favoring markets where the percentage gap is widest. In Austin, Texas, where monthly buying costs run $1,719 (126.3%) higher than renting, the savings potential is substantial.The national median asking rent in March 2026 stood at $1,669, down $25, or 1.5%, year-over-year, marking the 32nd consecutive month of annual declines for 0–2 bedroom properties. While still $249 (17.5%) above pre-pandemic levels, the median sits $95 (-5.4%) below its August 2022 peak."A person moving into the typical rental spends less each month than someone buying a starter home today," said Danielle Hale, chief economist at Realtor.com®. "As buying costs have eased in many markets, renters who are intentional about saving have a real opportunity to build toward a down payment faster than they might think."The decision to rent or buy is deeply personal, and every family will need to weigh their own circumstances, including closing costs, equity built over time, and the opportunity cost of a down payment. Households can explore the longer-term trade-offs with the Realtor.com® Rent vs. Buy Calculator. And timing matters: Realtor.com®'s recent Generational Wealth Report found that households that purchase their first home by age 30 see a 22.5% higher net worth by midlife compared to those who wait until their 40s.Where the Savings Opportunity Is GreatestIn markets where the gap between renting and buying is widest, renters have the most to gain by redirecting monthly savings toward a down payment. The top markets where renting is most favorable:MarketMedian
RentMonthly
Buy
Cost$
Difference
(Buy-
Rent)%
Difference
(Buy-
Rent)/
Rent, 2026Rent
Cost YYBuy
Cost
YYAustin-Round Rock-San Marcos, Texas$1,361$3,080$1,719126.3 %-6.0 %-8.8 %Seattle-Tacoma-Bellevue, Wash.$1,862$3,882$2,020108.5 %0.4 %-6.7 %Phoenix-Mesa-Chandler, Ariz.$1,435$2,627$1,19283.1 %-4.5 %-11.2 %Los Angeles-Long Beach-Anaheim, Calif.$2,760$4,986$2,22680.7 %-1.8 %-8.2 %Dallas-Fort Worth-Arlington, Texas$1,461$2,639$1,17880.6 %-3.2 %-3.5 %San Francisco-Oakland-Fremont, Calif.$2,691$4,829$2,13879.5 %-1.9 %-5.3 %Sacramento-Roseville-Folsom, Calif.$1,820$3,204$1,38476.0 %-1.2 %-3.8 %Nashville-Davidson--Murfreesboro--Franklin, Tenn.$1,477$2,596$1,11975.8 %-4.0 %-9.6 %Columbus, Ohio$1,166$2,046$88075.5 %-1.1 %-7.7 %San Jose-Sunnyvale-Santa Clara, Calif.$3,276$5,701$2,42574.0 %1.6 %-6.0 %Where Buying Could Become the Better Deal and WhenThe overall renting advantage has shrunk by $136 over the past year, as lower mortgage rates and home prices are making buying increasingly competitive. If current trends hold, with renting costs easing 1.5% annually and buying costs declining 5.9%, buying would become the more affordable option in roughly 10 years on average across the top 50 metros. But in a handful of markets, that crossover could come much sooner:Metros Where Buying is Within Reach if Today's Trend Hold
Median
RentMonthly
Buy Cost$
Difference
(Buy-Rent)% Difference
(Buy-
Rent)/Rent,
2026Rent
Cost
YYBuy
Cost YYYears when Buying
is More Cost-
Effective if Today's
Trend HoldPittsburgh, Pa.$1,459$1,523$644.4 %3.1 %0.3 %1.5 yrsMemphis, Tenn.-Miss.-Ark.$1,106$1,296$19017.2 %-4.9 %-13.3 %2 yrsBaltimore-Columbia-Towson, Md.$1,808$2,014$20611.4 %-0.3 %-5.8 %2 yrsWashington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.$2,281$2,988$70731.0 %-0.9 %-10.7 %3 yrsOrlando-Kissimmee-Sanford, Fla.$1,661$1,964$30318.2 %-2.2 %-6.3 %4 yrs"What's striking is that the crossover in these markets is being driven by two different forces," said Jiayi Xu, economist at Realtor.com®. "In Pittsburgh, it's rising rents that are closing the gap. In markets like Memphis and Baltimore, it's buy costs cooling faster than rents. The path looks different, but the destination is the same, and it's worth watching as we move through 2026."On the other end of the spectrum, the renting advantage is growing in three Midwest markets. Cleveland, Ohio now sees renting save $584 per month over buying, up $110 from a year ago, followed by Milwaukee, Wis. (+$65) and Detroit, Mich. (+$14).A Shrinking Gap Is Not the Same as an Affordable MarketNot all markets where the renting advantage is narrowing tell the same story. In high-cost coastal cities, the gap is closing, but buying remains out of reach for most renters. In San Jose, Calif., buying a starter home still costs 74.0% more per month than renting. In Los Angeles, that figure is 80.7%, and in Boston, 62.2%.The narrowing in these markets is real. Renting saved $420 per month less in San Jose compared to a year ago, $412 less in Boston, and $396 less in Los Angeles. But those are shifts at the margins of an already unaffordable market, not generally a signal that buying has become viable. The one exception here is the Washington-et-al, D.C. metro area where the sizable drop in the rental advantage was sufficient to place the market among the top 5 areas where buying could be within reach in the near future.Top Metros With Diminishing Advantage in RentingMarketMedian
RentMonthly Buy
Cost$ Diff. (Buy-
Rent)% Diff. (Buy-Rent)$Diff. (Buy-
Rent): Mar
2026 vs. 2025San Jose-Sunnyvale-Santa Clara, Calif.$3,276$5,701$2,42574.0 %-$420Boston-Cambridge-Newton, Mass.-N.H.$2,918$4,733$1,81562.2 %-$412Los Angeles-Long Beach-Anaheim, Calif.$2,760$4,986$2,22680.7 %-$396Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.$2,281$2,988$70731.0 %-$338San Diego-Chula Vista-Carlsbad, Calif.$2,669$4,296$1,62761.0 %-$319All Unit Sizes Saw Continued DeclinesMedian rent declined across every unit type in March 2026:National Rents by Unit SizeUnit SizeMedian RentRent YoYConsecutive
Months of
DeclineTotal Decline
from PeakRent Change -
7 YearsOverall$1,669-1.5 %32-5.4 %17.5 %Studio$1,410-0.7 %31-5.1 %16.2 %1-Bedroom$1,563-1.1 %34-5.8 %17.1 %2-Bedroom$1,859-1.7 %34-5.6 %19.7 %"We expect rents to tick up modestly as we head into the spring leasing season, which is typical," said Xu. "But given the surge in multifamily construction over the past several years, we anticipate continued year-over-year declines. Rents are unlikely to reach a new peak by the end of 2026."Appendix Market2026
Mar Rent
Cost2026 Mar
Buy Cost$ Difference
(Buy-
Rent), 2026% Difference
(Buy-
Rent)/Rent, 20262026 Mar
Rent Cost,
YY2026 Mar
Buy Cost,
YYAtlanta-Sandy Springs-Roswell, Ga.$1,549$2,238$68944.5 %-3.1 %-4.1 %Austin-Round Rock-San Marcos, Texas$1,361$3,080$1,719126.3 %-6.0 %-8.8 %Baltimore-Columbia-Towson, Md.$1,808$2,014$20611.4 %-0.3 %-5.8 %Birmingham, Ala.$1,167$1,359$19216.5 %$0-1.9 %Boston-Cambridge-Newton, Mass.-N.H.$2,918$4,733$1,81562.2 %-2.3 %-9.2 %Buffalo-Cheektowaga, N.Y.NANANANANANACharlotte-Concord-Gastonia, N.C.-S.C.$1,494$2,137$64343.0 %-2.1 %-4.0 %Chicago-Naperville-Elgin, Ill.-Ind.$1,788$2,535$74741.8 %-1.6 %-3.3 %Cincinnati, Ohio-Ky.-Ind.$1,309$1,880$57143.6 %0.3 %-2.3 %Cleveland, Ohio$1,191$1,775$58449.0 %-1.4 %5.5 %Columbus, Ohio$1,166$2,046$88075.5 %-1.1 %-7.7 %Dallas-Fort Worth-Arlington, Texas$1,461$2,639$1,17880.6 %-3.2 %-3.5 %Denver-Aurora-Centennial, Colo.$1,745$2,821$1,07661.7 %$0-8.5 %Detroit-Warren-Dearborn, Mich.$1,258$1,662$40432.1 %-3.0 %-1.5 %Hartford-West Hartford-East Hartford, Conn.NANANANANANAHouston-Pasadena-The Woodlands, Texas$1,376$2,147$77156.0 %-2.9 %-7.9 %Indianapolis-Carmel-Greenwood, Ind.$1,269$1,697$42833.7 %-1.1 %-3.2 %Jacksonville, Fla.$1,479$2,171$69246.8 %-2.4 %-8.6 %Kansas City, Mo.-Kan.$1,401$1,592$19113.6 %3.5 %1.1 %Las Vegas-Henderson-North Las Vegas, Nev.$1,436$2,158$72250.3 %-1.7 %-5.1 %Los Angeles-Long Beach-Anaheim, Calif.$2,760$4,986$2,22680.7 %-1.8 %-8.2 %Louisville/Jefferson County, Ky.-Ind.$1,220$1,624$40433.1 %-0.1 %-2.4 %Memphis, Tenn-Miss.-Ark.$1,106$1,296$19017.2 %-4.9 %-13.3 %Miami-Fort Lauderdale-West Palm Beach, Fla.$2,254$2,998$74433.0 %-2.2 %-5.6 %Milwaukee-Waukesha, Wiss.$1,621$2,493$87253.8 %0.7 %3.1 %Minneapolis-St. Paul-Bloomington, Minn-Wis.$1,492$2,299$80754.1 %$0-6.7 %Nashville-Davidson--Murfreesboro--Franklin, Tenn.$1,477$2,596$1,11975.8 %-4.0 %-9.6 %New Orleans-Metairie, La.NANANANANANANew York-Newark-Jersey City, N.Y.-N.J.$2,829$4,775$1,94668.8 %-1.6 %-7.0 %Oklahoma City, Okla.$917$1,470$55360.3 %-5.3 %-11.8 %Orlando-Kissimmee-Sanford, Fla.$1,661$1,964$30318.2 %-2.2 %-6.3 %Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.$1,727$2,339$61235.4 %-1.6 %-7.3 %Phoenix-Mesa-Chandler, Ariz.$1,435$2,627$1,19283.1 %-4.5 %-11.2 %Pittsburgh, Pa.$1,459$1,523$644.4 %$00.3 %Portland-Vancouver-Hillsboro, Ore.-Wash.$1,600$2,760$1,16072.5 %-0.5 %-5.9 %Providence-Warwick, R.I.-Mass.NANANANANANARaleigh-Cary, N.C.$1,428$2,274$84659.2 %-2.0 %-6.8 %Richmond, Va.$1,527$2,378$85155.7 %$0-1.9 %Riverside-San Bernardino-Ontario, Calif.$2,039$3,084$1,04551.3 %-4.3 %-5.5 %Rochester, N.Y.NANANANANANASacramento-Roseville-Folsom, Calif. $1,820$3,204$1,38476.0 %-1.2 %-3.8 %St. Louis, Mo.-Ill.$1,280$1,539$25920.2 %-0.2 %-2.8 %San Antonio-New Braunfels, Texas$1,160$1,836$67658.3 %-4.5 %-13.6 %San Diego-Chula Vista-Carlsbad, Calif.$2,669$4,296$1,62761.0 %-2.8 %-8.4 %San Francisco-Oakland-Fremont, Calif.$2,691$4,829$2,13879.5 %-1.9 %-5.3 %San Jose-Sunnyvale-Santa Clara, Calif.$3,276$5,701$2,42574.0 %1.6 %-6.0 %Seattle-Tacoma-Bellevue, Wash.$1,862$3,882$2,020108.5 %0.4 %-6.7 %Tampa-St. Petersburg-Clearwater, Fla.$1,655$2,418$76346.1 %-3.9 %-6.2 %Virginia Beach-Chesapeake-Norfolk, Va.-N.C.$1,559$1,913$35422.7 %1.9 %-0.1 %Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.$2,281$2,988$70731.0 %-0.9 %-10.7 %Methodology
Rental data as of March 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com® began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019.With the release of its March rent report, Realtor.com® incorporated a new and improved methodology for capturing and reporting more comprehensive rental listing trends and metrics. The new methodology is expected to yield a cleaner, more representative and more consistent measurement of rental listings and trends at both the national and local level. The methodology has been adjusted to better represent the true cost of primary housing for renters. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the rental data released since April 2026 will not be directly comparable with previous releases and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/new-realtorcom-report-renting-is-more-affordable-than-buying-across-all-50-major-us-metros--and-the-savings-gap-could-be-a-path-to-homeownership-302743530.htmlSOURCE Realtor.com

Original: New Realtor.com® Report: Renting is More Affordable than Buying Across All 50 Major U.S. Metros -- and the Savings Gap Could Be A Path to Homeownership

Realtor.com® Survey Finds Sellers Are Optimistic Heading Into the 2026 Spring MarketApril 14, 2026 6:00 AM
PR Newswire (US)

Overall 83% of potential sellers expect to get their asking price (46%) or more (37%), even as concession expectations shift and seller confidence varies by regionAUSTIN, Texas, April 14, 2026 /PRNewswire/ -- Overall, 83% of potential sellers expect to get their asking price or more according to a new survey from Realtor.com®. This survey, conducted by Realtor.com Research and Insights, found that potential sellers are heading into spring with tempered optimism, confident in their home's value, but increasingly aware of a market in transition. Three-quarters of potential sellers (74%) believe now is a good time to sell, citing strong home values, limited inventory, and stabilizing interest rates as primary drivers."Sellers this spring are entering the market clear-eyed — they understand their home has value, and they're motivated to act, but they're also more attuned to the reality that buyers have regained some footing," said Laura Eddy, Vice President of Research and Insights at Realtor.com®. "What's notable is how much sellers have done their homework. The vast majority have researched values, evaluated improvements, and thought carefully about timing — and that preparation is likely to serve them well during the week of April 12–18, what we consider the best week to sell."Sellers Expect Results Despite Spring Headwinds Potential sellers are entering the market with high price expectations: 46% believe they will receive their asking price, 37% expect more than asking, with only 12% thinking they will get less than asking price. At the same time, a growing share acknowledges the market is shifting. In 2026, 39% of potential sellers expect they will need to make concessions as a seller, up significantly from 30% in 2025, signaling a more nuanced read on market conditions compared to prior years.When it comes to timing, 75% expect their home to sell within four months, including 27% who expect a sale within one to two months. The typical home spends 57 days on market according to the March monthly housing report from Realtor.com.Why Sellers Are ListingProfit potential and lifestyle change are the top motivations driving potential sellers to list. Forty-one percent cite the desire to make a profit, up from 36% in 2025, while an equal share are looking for a different neighborhood or community. The need for more space (39%) rounds out the top three reasons. Fewer sellers cited downsizing as a motivation compared to last year (20% vs. 25%), consistent with a market where lifestyle upgrades are top of mind.Most potential sellers (8 in 10) are planning to stay within their current state, with more than half moving within the same county, a sign that local market dynamics and community ties remain central to sellers' decision-making.A Market in Transition — And the Window to ActSeller sentiment mirrors the broader housing landscape: 40% describe the current market as a sellers' market, while 33% see a balanced market and 27% a buyers' market. Sellers in the South and West tended to see the market as favoring buyers, which aligns with rising inventory in those regions. In contrast, almost half of potential sellers in the Northeast viewed it as a sellers' market, reflecting the area's tight inventory and strong competition. If their home doesn't sell on their desired timeline, sellers are split between reducing the price (35%), waiting out the market (34%), and withdrawing the listing entirely (29%).That split perception reflects a housing market where local conditions vary dramatically — seen in the Realtor.com® Market Clock which analyzes key market signals like market balance, market pressure and market pace. Just 26% of the nation's 50 largest metros remain seller's markets, concentrated largely in the Midwest and Northeast, while all eight buyer's markets fall in the South or West — including Austin, Tampa, Orlando, Jacksonville, and Miami.For potential sellers, their metro's position on the Market Clock directly shapes the calculus on pricing, concessions, and timing. Sellers in peak seller markets like Hartford, Chicago, and Indianapolis can reasonably expect strong demand and limited need for price flexibility. Those in buyer markets, particularly across Florida and Texas, may want to lean into the spring window more aggressively and price competitively from the start to avoid sitting on the market as competition grows.This range of conditions underscores the importance of timing. According to the Realtor.com® 2026 Best Time to Sell Report, the week of April 12–18 offers sellers a historically favorable window — homes listed during this period receive 16.7% more views than the average week and sell approximately nine days faster. Nationally, sellers who list this week could see a median listing price approximately $26,000 above January levels."The sellers who are most likely to succeed this spring are the ones who are listing a well-priced, move-in-ready home and doing so before the summer surge in competition," said Hannah Jones, senior economic research analyst at Realtor.com®. "In markets where inventory is tighter — particularly across the Northeast and Midwest — motivated sellers are still in a strong position. But even in markets where supply has recovered, like parts of the South and West, the mid-April window is the optimal time to capture high-intent buyers before the market gets crowded."Preparation Separates Confident Sellers from the RestAmong the potential sellers surveyed, those who have taken more preparation steps tend to feel more confident about their outcome. Beyond checking home values, 54% have researched prices in their neighborhood, 50% have made small fixes or cleaned and decluttered, and 44% have determined what home improvements to make before listing — though that last figure is down from 50% in 2025. Sellers have largely been considering their move for some time: 53% have been thinking about selling for one to three years.Survey MethodologyThe Realtor.com® 2026 Best Time to Sell Seller Survey was conducted among a nationally representative sample of U.S. adults who reported that they are considering selling their home in the next 12 months. Data was collected March 16-23, 2026. Year-over-year comparisons reference the equivalent 2025 survey.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com 



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Original: Realtor.com® Survey Finds Sellers Are Optimistic Heading Into the 2026 Spring Market

Most Large U.S. Housing Markets Are Shifting in Buyers' Favor, But the Story Varies Widely by MetroApril 9, 2026 6:00 AM
PR Newswire (US)

Realtor.com® Introduces the Realtor.com® Market Clock, a New Tool That Distills Local Housing Conditions Into a Measure of Whether It's a Buyer, Seller or Balanced Market and Where It's HeadedAUSTIN, Texas, April 9, 2026 /PRNewswire/ -- Just over 60% of the nation's largest housing markets have tilted into balanced or buyer-friendly territory, while only 26% remain seller's markets, according to a new analysis from Realtor.com®. The findings come alongside the debut of the Realtor.com® Market Clock, a new tool designed to cut through the noise of housing data and give buyers, sellers and market watchers a clearer picture of where local markets stand and where they may be headed.







The Realtor.com® Market Clock places the national housing market at 3 o'clock — a "Balanced-Loosening" phase, heading toward buyer-friendly conditions, though not necessarily approaching them quickly. But that national reading masks striking variation across the country's 50 largest metros, which currently span nearly the full face of the clock.Of the top 50 metros, 13 (26%) remain seller's markets, 23 (46%) are in balanced-loosening phases, 8 (16%) are buyer's markets, and 6 (12%) are in balanced-tightening territory — meaning a small but notable group of markets are actually trending back toward seller advantage."A national picture is useful, but when making a real estate decision, the local details are what really matter," said Danielle Hale, Chief Economist at Realtor.com®. "Right now, a homebuyer in Houston or San Antonio is navigating a very different market than someone in Hartford or Milwaukee. The Realtor.com® Market Clock was built to make those differences visible at a glance."A Buyer-Friendly South and West, With Pockets of Seller Strength in the Midwest and NortheastThe regional picture is varied, with all 8 buyer's markets located in the South (7) or West (1). and most of the 13 seller's markets coming from the Midwest (7) and Northeast (3). Of the metros currently classified as buyer's markets, 5 of 8 are in either Florida or Texas – including Austin, Texas; Tampa, Fla.; Jacksonville, Fla; Orlando, Fla.; and Miami. All 8 buyer's market metros currently sit in what the framework calls 'Early Buyer' conditions – meaning inventory is growing, price cuts are common, buyers are starting to hold the upper hand, and their negotiating leverage is likely to get even stronger in the coming months.By contrast, most seller's markets are concentrated in the Midwest and Northeast. Four markets among the top 50, including Hartford, Connecticut, hold the "Peak Seller" position, while six, including Milwaukee, San Francisco, and Providence, RI, are exhibiting "Early Seller" conditions, meaning the conditions are already hot and getting hotter. Three metros, including Boston and San Jose, remain in late seller phases — still competitive, though seller advantage is beginning to soften in those markets.A further 8 of the top 50 markets sit at 4 o'clock, or in the Late Balanced phase of the Market Clock. While these metros – which include Charlotte, NC; Washington, DC; Phoenix, and Las Vegas–are still balanced, homes are sitting longer, prices are softening, and buyers are likely to hold the upper hand outright in the coming months. The New Realtor.com® Market ClockThe Realtor.com® Market Clock is a new tool based on key market signals like market balance, market pressure and market pace with the goal of helping people understand their local markets. The market clock is organized as a 12-hour clockface. Seller-leaning conditions occupy the top of the clock (the 11, 12, and 1 o'clock positions), buyer-leaning conditions fall toward the bottom (5, 6, and 7 o'clock), and balanced phases occupy the space in between — with one set loosening toward buyers (2, 3, 4 o'clock) and the other tightening back toward sellers (8, 9, 10 o'clock). At 12 o'clock, conditions favor sellers most: homes sell quickly, competition is fierce, and buyers have limited leverage. At 6 o'clock, the market favors buyers: there's more inventory, less urgency, and more room to negotiate.The framework is built on metro-level housing data tracking supply and inventory balance, market pace and competition, and pricing pressure and adjustment. Grounded in data, the Realtor.com® Market Clock is built using consistent, metro-level housing market information that tracks conditions over time, allowing markets to be compared both across geographies and across different points in the cycle. Critically, the clock captures not just where a market stands, but how fast and in which direction it is moving — a distinction that matters significantly in markets currently in transition."Consumers and professionals are exposed to more information than ever before, but more data hasn't always meant more clarity for people trying to make one of the biggest financial decisions of their lives," said Hale. "The Market Clock is our attempt to change that — to take the full range of signals we track and translate them into something that reflects what the market actually feels like on the ground."The Realtor.com® Market Clock is designed to describe current conditions and track shifts in leverage over time — not to forecast home prices, sales volumes, or mortgage rates. A market moving into buyer-friendly territory does not guarantee price declines, just as a seller's market does not ensure continued price appreciation.A Framework Validated by the Last CycleThe Market Clock's track record from 2019 through 2025 reflects the housing cycle that consumers and industry professionals have lived through. In December 2019, conditions were already tight: 72% of the top 50 metros were in seller-leaning phases and 26% were in balanced-tightening territory — underscoring just how primed the market was for the pandemic-era boom that followed.By December 2021, the compression was dramatic. Ninety-eight percent of the top 50 metros had reached seller-market territory — one of the most compressed and competitive environments in modern housing history, with only one metro outside seller territory.The rate shock of 2022 began to shift conditions, and by December 2023, 62% of large metros remained in seller phases, even as the lock-in effect kept inventory constrained and markets from fully cooling. By December 2025, the landscape had opened considerably: seller markets had shrunk to 26% of large metros, buyer's markets had grown to 16%, and balanced-loosening conditions had become the dominant category at 46% — reflecting a housing market defined less by uniformity than by geographic dispersion.How Buyers and Sellers Can Use the Market ClockFor anyone interested in buying and selling now or in the future, the Market Clock is designed to help set expectations. Buyers can use their metro's position to gauge how competitive local conditions are, how quickly they may need to act, and how much negotiating room it is realistic to expect. Sellers can use it to help calibrate pricing strategy and understand whether patience or flexibility is likely to be rewarded in their market."Whether you're a first-time buyer trying to figure out how aggressive your offer needs to be, or a seller wondering whether to hold firm on price, the Realtor.com market clock is a much needed solution for today's buyers and sellers," said Jake Krimmel, senior economist, Realtor.com. "It's a professional grade tool that's meant to be simple enough to give non-experts a clear takeaway. And it's best when paired with the advice and guidance of a skilled Realtor® agent when you're ready to move."The Realtor.com® Market Clock is available as part of Realtor.com® Economics housing market research portal and the report will be updated on a quarterly basis.QuadrantRegionMetroClock HourHour
DescriptionSeller's Markets13 metros(3 Northeast, 7
Midwest, 1
South, 1 West)MidwestGrand Rapids-Wyoming, Mich11Early SellerMidwestKansas City, Mo.-Kan.11Early SellerMidwestMilwaukee-Waukesha-West Allis,
Wis.11Early SellerMidwestSt. Louis, Mo.-Ill.11Early SellerNortheastProvidence-Warwick, R.I.-Mass.11Early SellerWestSan Francisco-Oakland-Hayward,
Calif.11Early SellerMidwestChicago-Naperville-Elgin, Ill.-Ind.-
Wis.12Peak SellerMidwestIndianapolis-Carmel-Anderson,
Ind.12Peak SellerNortheastHartford-West Hartford-East
Hartford, Conn.12Peak SellerSouthVirginia Beach-Norfolk-Newport
News, Va.-N.C.12Peak SellerMidwestColumbus, OH1Late SellerNortheastBoston1Late SellerWestSan Jose1Late SellerBalanced -
Loosening23 metros +
USA Avg
(1 Northeast, 3
Midwest, 12
South, 7 West)SouthDallas-Fort Worth-Arlington,
Texas2Early
BalancedSouthLouisville/Jefferson County, Ky.-
Ind.2Early
BalancedWestDenver-Aurora-Lakewood, Colo.2Early
BalancedWestLos Angeles-Long Beach-
Anaheim, Calif.2Early
BalancedWestSacramento--Roseville--Arden-
Arcade, Calif.2Early
BalancedWestSan Diego-Carlsbad, Calif.2Early
BalancedWestTucson, Ariz.2Early
BalancedUSAUSA3Balanced -
CoolingMidwestCincinnati, Ohio-Ky.-Ind.3Balanced -
CoolingMidwestCleveland-Elyria, Ohio3Balanced -
CoolingNortheastPhiladelphia-Camden-Wilmington,
Pa.-N.J.-Del.-Md.3Balanced -
CoolingSouthBirmingham-Hoover, Ala.3Balanced - CoolingSouthHouston-The Woodlands-Sugar
Land, Texas3Balanced -
CoolingSouthMemphis, Tenn.-Miss.-Ark.3Balanced -
CoolingSouthRichmond, Va.3Balanced -
CoolingSouthSan Antonio-New Braunfels,
Texas3Balanced -
CoolingMidwestDetroit-Warren-Dearborn, Mich4Late
BalancedSouthBaltimore-Columbia-Towson, Md.4Late
BalancedSouthCharlotte-Concord-Gastonia,
N.C.-S.C.4Late
BalancedSouthOklahoma City, Okla.4Late
BalancedSouthRaleigh, N.C.4Late
BalancedSouthWashington-Arlington-Alexandria,
DC-Va.-Md.-W. Va.4Late
BalancedWestLas Vegas-Henderson-Paradise,
Nev.4Late
BalancedWestPhoenix-Mesa-Scottsdale, Ariz.4Late
BalancedBuyer's Markets8 metros(0 Northeast, 0
Midwest, 7
South, 1 West)SouthAtlanta-Sandy Springs-Roswell,
Ga.5Early BuyerSouthAustin-Round Rock, Texas5Early BuyerSouthJacksonville, Fla.5Early BuyerSouthMiami-Fort Lauderdale-West Palm
Beach, Fla.5Early BuyerSouthNashville-Davidson--
Murfreesboro--Franklin, Tenn.5Early BuyerSouthOrlando-Kissimmee-Sanford, Fla.5Early BuyerSouthTampa-St. Petersburg-Clearwater,
Fla.5Early BuyerWestRiverside-San Bernardino-Ontario,
Calif.5Early BuyerBalanced -
Tightening6 metros(3 Northeast, 1
Midwest, 0
South, 2 West)MidwestMinneapolis-St. Paul-Bloomington,
Minn.-Wis.9Balanced -
WarmingNortheastNew York-Newark-Jersey City,
N.Y.-N.J.-Pa.9Balanced -
WarmingNortheastBuffalo-Cheektowaga-Niagara
Falls, N.Y.10Late
BalancedNortheastPittsburgh, Pa.10Late
BalancedWestPortland-Vancouver-Hillsboro,
Ore.-Wash.10Late BalancedWestSeattle-Tacoma-Bellevue, Wash.10Late
BalancedMethodology
The Realtor.com® Market Clock is built on Realtor.com® housing market data and analysis of deed records to classify the top 50 U.S. metropolitan areas and a national aggregate into one of 12 phases of the buyer-seller leverage cycle. The framework synthesizes measures of market balance, pace and momentum, and pricing pressure into a single clock position for each metro. Data will be updated monthly and a report released quarterly. Data span January 2018 through December 2025. The 50 largest U.S. metropolitan areas are defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



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Original: Most Large U.S. Housing Markets Are Shifting in Buyers' Favor, But the Story Varies Widely by Metro

Where Luxury Listings Rule: Realtor.com® Identifies 13 Markets Where Seven-Figure Homes are the NormApril 8, 2026 6:00 AM
PR Newswire (US)

Nantucket leads the nation where nearly 100% of inventory exceeds $1 million, while Aspen (Rifle, Colo.) posts a staggering $59.2 million threshold for the top 1% of listingsAUSTIN, Texas, April 8, 2026 /PRNewswire/ -- In a select group of U.S. markets, high-end pricing isn't just a segment of the market, but the market itself. The Realtor.com® March Luxury Housing Report highlights 13 specific areas, including Nantucket, Mass.; Aspen, Colo; and Jackson, Wyo., that operate in a pure luxury environment where more than half of all active listings are priced at $1 million or above.This high-end concentration is set against the broader U.S. luxury housing market, which shows a seasonal firming of monthly prices, even as year-over-year figures remain slightly below 2025 levels. The national luxury threshold (90th percentile) reached nearly $1.25 million in March. While the national entry-level luxury price rose 3.7% month over month, it remains 2.9% lower than one year ago."The national luxury market is modestly softer, but stabilizing seasonally as it enters the spring. This month we examined a select group of resort and island destinations that operate in a separate price tier," said Danielle Hale, chief economist at Realtor.com®. "In these pure luxury markets, the typical home is priced above $1 million and, in some cases, nearly everything for sale exceeds that luxury benchmark. Because the median home in these areas is already a luxury asset, the threshold for the most exclusive properties often reaches levels three to 10 times higher than the national benchmark."National Luxury Overview: March 2026PricingMarch 2026Monthly ChangeYoY ChangeLuxury Threshold 90th Percentile$1,249,6113.7 %-2.9 %High-End Luxury Threshold 95th Percentile$1,997,1080.5 %-4.9 %Ultra Luxury Threshold 99th Percentile$5,753,869-0.2 %-3.7 %Million-Dollar Listing Share13.1 %1.1pp-0.4ppPure Luxury: Where $1 Million is Just the BaselineThe shift toward identifying these pure luxury hubs follows last month's exploration of "accessible luxury," where buyers could break into the top 10% of listings without typical high-end price tags. This month, the data turns to the opposite end of the spectrum: markets where luxury is the standard.Nantucket, Mass., stands in a category of its own, with 99% of all active listings priced at $1 million or higher. Following closely are Vineyard Haven, Mass. (90%), and Jackson, Wyo. (68%). While coastal and mountain hubs dominate, the report also highlighted Petoskey, Mich., as an unexpected entry. With 53% of its listings priced above $1 million, the Northern Michigan resort town demonstrates how lifestyle-driven demand is creating pockets of pure luxury across the country, including in the Great Lakes region."These pure luxury markets are defined by geographic and structural scarcity," said Anthony Smith, senior economist at Realtor.com®. "Whether it's an island with strict building codes or a mountain valley with limited private land, supply cannot expand to meet demand. This creates an environment where luxury becomes the standard. In Rifle, Colo., a micropolitan market which encompasses Aspen, the top 1% of the market starts at $59.2 million, a figure that dwarfs the ultra-luxury thresholds of even the largest coastal powerhouses like Los Angeles or New York."Luxury as the Norm: Markets Where Over Half of Listings Exceed $1MRankAreaMetro/MicroMedian Listing Price10% Most Expensive Listings Start at:5% Most Expensive Listings Start at:1% Most Expensive Listings Start at:Average Annual Million-Dollar Listings CountShare of Million Dollar Listings0USACountry$415,450$1.25M$1.20M$5.75M134,53013.1 %1Nantucket, Mass.Micro$4.08M$10.0M$12.92M$25.76M13899 %2Vineyard Haven, Mass.Micro$2.40M$8.26M$10.84M$16.36M19490 %3Jackson, Wyo.-Idaho Micro$1.75M$10.20M$18.0M$39.55M24568 %4Santa Maria-Santa Barbara, Calif.Metro$1.72M$9.88M$16.26M$38.60M43769 %5Rifle, Colo.Micro$1.65M$16.81M$25.50M$59.18M44058 %6Hailey, IdahoMicro$1.44M$8.50M$13.0M$19.80M14562 %7Kapaa, HawaiiMicro$1.40M$5.89M$8.49M$14.70M23363 %8Napa, Calif.Metro$1.29M$4.98M$7.40M$15.98M30962 %9Salinas, Calif.Metro$1.24M$4.32M$8.86M$24.10M31362 %10Santa Cruz-Watsonville, Calif.Metro$1.20M$2.75M$4.20M$9.25M29157 %11Petoskey, Mich.Micro$1.11M$3.50M$3.71M$7.96M10453 %12San Luis Obispo-Paso Robles, Calif.Metro$1.09M$2.87M$3.87M$8.25M34255 %13Bozeman, Mont.Metro$1.01M$5.83M$8.94M$15.43M34551 %(Areas with less than 500 million-dollar listings and at least a 50% share of million-dollar listings)Extreme Highs: The Ultraluxury CeilingThe report found that the "ceiling" for real estate varies wildly across the country. While the national 99th percentile threshold sits at roughly $5.75 million, specific resort markets reach much higher:Rifle, Colo. (Aspen area): $59.2 millionJackson, Wyo.: $39.5 millionSanta Maria-Santa Barbara, Calif.: $38.6 millionNantucket, Mass.: $25.8 millionMethodologyAll data in this report is sourced from Realtor.com® listing trends as of March 2026, reflecting active inventory of existing homes, including single-family residences, condos, townhomes, row homes, and co-ops. Listings reflect only those provided by MLS platforms to Realtor.com® via a listing feed. New-construction listings are excluded unless actively listed on participating MLSs.Luxury segmentation is based on market-specific price percentiles, with the 90th percentile representing entry-level luxury, the 95th percentile marking high-end luxury, and the 99th percentile indicating ultraluxury. All calculations are based on listing prices, not final sales prices.Metropolitan and micropolitan areas are defined using the Office of Management and Budget's OMB-2023 delineations, with Claritas 2025 household estimates used for relative comparisons. Where appropriate, we limited analysis to metros or micros with a minimum threshold of active million-dollar listings on average over the past year to ensure meaningful comparisons.Historical listing trend data extends to July 2016, but year-over-year comparisons in this report use March 2025 as the baseline. Luxury by the Numbers90th percentile = Entry-level luxury (top 10% of prices)95th percentile = High-end luxury99th percentile = Ultraluxury (often rare or custom properties)About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com 



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Original: Where Luxury Listings Rule: Realtor.com® Identifies 13 Markets Where Seven-Figure Homes are the Norm

Tensions Cloud a Spring Market That Was Just Finding Its Footing, According to Realtor.com® March Housing ReportApril 1, 2026 6:00 AM
PR Newswire (US)

Prices fall for the fifth straight month and inventory keeps climbing, but rising mortgage rates and economic uncertainty threaten to derail the seasonAUSTIN, Texas, April 1, 2026 /PRNewswire/ -- March arrived carrying genuine promise for a 2026 housing rebound, but the path to a big spring sales rebound has narrowed, according to the Realtor.com® March 2026 Monthly Housing Trends Report released today. Despite mortgage rates rising for four straight weeks and surging economic uncertainty which threatens to short-circuit the housing market for a second consecutive spring, the data so far suggest a market that hasn't been derailed, especially as pending sales are up 3.9% year over year, the third consecutive month of annual gains and new listings jumped 21.2% from February."The worry heading into April is that geopolitical tensions could cause history to repeat itself," said Danielle Hale, Chief Economist, Realtor.com®. "Last spring, tariff-driven uncertainty hit in early April and sidelined both buyers and sellers, setting up a summer where the two sides were simply too far apart to transact. The fundamentals this year are better, more inventory, lower prices, improved affordability, but if sellers pull back next month, we risk another spring that fails to launch."MetricMarch 2026Change overFeb. 2026 (MoM)Change over Mar. 2025 (YoY)Change over Mar. 2019Change over Mar. 2022Median listing price$415,4503.0 %-2.2 %35.9 %4.0 %Active listings964,4775.4 %8.1 %-13.6 %172.4 %New listings439,00021.2 %0.7 %-8.1 %0.9 %Median days on market57-134-824Share of active listings with price reductions16.2 %1.0-1.21.310.5Median List Price Per Sq.Ft.$2251.0 %-2.5 %50.9 %5.8 %A More Buyer-Friendly Spring Takes Shape, Despite HeadwindsDespite the recent rise in rates, a few important differences point to a more buyer-friendly market than a year ago. Inventory and time on market have been growing for over two years, and the national median list price fell 2.2% year over year to $415,450 in March, the fifth consecutive month of year-over-year price declines. Price per square foot, which accounts for the changing size mix of homes on the market, fell a similar 2.5% to $225. Median asking prices were flat or falling in 35 of the top 50 markets. Meanwhile, rates remain lower than they were at this point last year (6.65% for March 2025) and combined with lower list prices, offer buyers a meaningful affordability improvement."Even with rates moving higher, buyers are in a better position than they were a year ago," said Jake Krimmel, Senior Economist, Realtor.com®. "Inventory has been growing for over two years, homes are sitting longer, and median list prices have now fallen year over year for five straight months. What's important is these are trends that hold not just nationally but across most regions and most metros. Sellers are also coming to market at more realistic prices rather than listing high and cutting later, which is a meaningful shift from 2025."Inventory Continues to Grow, At a Slight Pace Active listings rose 8.1% year over year to 964,477, up slightly from a 7.9% year over year increase as last month. The nationwide inventory recovery continues to stall out. In March 2025, for example, active listings were growing by 28.5% year over year.  National inventory remains 13.8% below typical 2017–2019 pre-pandemic levels, a decent improvement from 16.8% last month. The sharpest metro-level gains were recorded in Seattle (+42.5%), Louisville (+34.0%), and Indianapolis (+27.0%), while active listings fell in Orlando, Jacksonville, Hartford, San Francisco, Miami, and Chicago."Inventory is still rising, but at a pretty modest, single-digit pace," said Krimmel. "We remain well below pre-pandemic norms nationally, and the gap is especially acute in the Northeast. Until supply in undersupplied markets catches up meaningfully, buyers there will continue to face a more competitive and expensive environment than what the national numbers suggest."New Listings Edge Up NationallyNew listings jumped 21.2% from February to 439,000, a larger-than-typical seasonal surge and rose 0.7% year over year. March typically sees the biggest month-over-month jump in new listings of the entire buying season, averaging an 18% increase since 2017; this year it exceeded 20%. The metros with the strongest new listing growth year over year were Milwaukee (+20.4%), Memphis (+17.4%), and Richmond (+16.7%). Regionally, however, new listing trends were split, with the Northeast and Midwest posting slight year over year declines and the South and West modest gains."New listings jumped more than 20% from February to March, above the historical seasonal norm, and that's an encouraging sign of seller confidence," said Krimmel. "But what happens in April is the real test. March typically sets the table for the spring season, and last year we saw that momentum collapse almost immediately when economic uncertainty hit. Whether sellers stay engaged or pull back will tell us a great deal about where this market is headed."Prices Soften as Homes Sit Longer — for the 24th Straight MonthThe median time on market reached 57 days in March, four days longer than a year ago, marking the 24th consecutive month of year-over-year deceleration in sales pace. Homes are still selling 5 days faster than pre-pandemic norms. Price cuts edged down year over year, with 16.2% of listings seeing a reduction compared to 17.4% a year ago — suggesting sellers are coming to market at more realistic prices rather than listing high and cutting later, a meaningful behavioral shift from 2025."Homes are taking longer to sell for the 24th month in a row, and yet the share of listings with price reductions is actually down year over year," said Krimmel. "That combination tells us sellers are recalibrating. They are pricing more accurately at the outset rather than testing the market and cutting later. For buyers, that's a more straightforward environment to navigate than we saw through much of 2025."Looking AheadThe key variable to watch heading into April is new listings. Whether March's momentum carries forward will be a leading indicator of seller confidence — and since most sellers are also buyers, it could be an indicator of demand as well. Last spring, tariff-driven uncertainty and recession fears hit in early April, sidelining both sellers and buyers and setting up what proved to be a slower summer. The concern now is that geopolitical tensions could cause history to repeat itself. If sellers pull back next month, the market risks another spring that fails to launch."March arrived with real momentum, rates below 6%, listings climbing, and cautious optimism building around the spring season," said Danielle Hale, Chief Economist, Realtor.com®. "Then the backdrop shifted. Mortgage rates have risen over the past four weeks, the Fed is signaling caution, and uncertainty is once again threatening to sideline buyers and sellers. So far, our data shows a market where so far none of the key warning signs are flashing red, but the path to a strong spring homebuying and selling season has narrowed."March 2026 National and Regional Housing OverviewRegionActive Listing Count, YoYNew Listing Count, YoYMedian List PriceMedian List Price, YoYMedian List Price Per SF, YoYMedian Days on Market, Y-Y (Days)Price Reduced SharePrice Reduced Share, Y-Y (Percentage Points)Northeast7.9 %-1.2 %$510,948-3.6 %0.4 %49.1 %-0.2Midwest13.6 %-1.3 %$309,500-0.1 %1.4 %212.4 %-0.1South5.8 %2.1 %$379,950-2.5 %-3.5 %418.4 %-1.9West10.6 %2.4 %$592,500-1.2 %-1.4 %217.3 %-0.7National Average8.1 %0.7 %$415,450-2.2 %-2.5 %416.2 %-1.2 MetroActive Listing Count YoYNew Listing Count, YoYMedian List PriceMedian List Price, YoYMedian List Price Per SF, YoYMedian Days on Market, YoY (Days)Price Reduced SharePrice Reduced Share, YoY (Percentage Points)Atlanta-Sandy Springs-Roswell, GA8.2 %-5.6 %$412,5003.1 %-0.1 %3.519.5 %-1.2Austin-Round Rock-San Marcos, TX9.9 %-8.0 %$469,500-7.9 %-7.1 %920.9 %-1.3Baltimore-Columbia-Towson, MD17.9 %-4.4 %$361,993-3.4 %0.1 %7.514.1 %1.0Birmingham, AL11.3 %9.2 %$295,7633.8 %1.1 %1.515.3 %-0.9Boston-Cambridge-Newton, MA-NH15.3 %15.4 %$828,750-4.6 %0.0 %4.59.5 %-0.7Buffalo-Cheektowaga, NY19.1 %13.4 %$256,500-1.3 %2.3 %5.756.3 %0.9Charlotte-Concord-Gastonia, NC-SC25.3 %16.5 %$424,9500.0 %-1.6 %5.519.6 %-1.6Chicago-Naperville-Elgin, IL-IN-0.8 %0.1 %$362,0510.6 %1.7 %-19.8 %-0.9Cincinnati, OH-KY-IN22.4 %4.1 %$344,9503.0 %1.7 %7.7513.3 %0.0Cleveland, OH14.0 %1.2 %$249,9000.4 %2.4 %212.4 %-0.6Columbus, OH15.8 %-0.1 %$359,9000.0 %-2.2 %417.7 %-0.3Dallas-Fort Worth-Arlington, TX5.5 %-1.7 %$420,000-0.8 %-1.9 %2.520.8 %-2.6Denver-Aurora-Centennial, CO9.4 %-8.4 %$577,000-1.4 %-3.1 %320.6 %-3.8Detroit-Warren-Dearborn, MI24.2 %3.5 %$239,900-2.1 %1.2 %2.513.2 %1.7Hartford-West Hartford-East Hartford, CT-5.7 %-7.8 %$454,9501.1 %-1.4 %8.54.7 %-0.9Houston-Pasadena-The Woodlands, TX13.0 %2.3 %$350,500-4.0 %-2.7 %4.517.7 %-0.5Indianapolis-Carmel-Greenwood, IN27.0 %8.5 %$312,500-0.8 %6.3 %719.8 %0.8Jacksonville, FL-16.4 %-11.0 %$389,900-2.3 %-2.0 %122.0 %-5.7Kansas City, MO-KS25.8 %8.2 %$400,0001.1 %0.0 %-6.511.3 %0.2Las Vegas-Henderson-North Las Vegas, NV18.4 %6.1 %$468,100-0.4 %-2.2 %7.521.1 %-0.5Los Angeles-Long Beach-Anaheim, CA9.6 %-0.3 %$1,096,500-7.0 %-3.4 %312.9 %-0.4Louisville/Jefferson County, KY-IN34.0 %11.3 %$302,000-5.6 %1.5 %3.517.9 %2.2Memphis, TN-MS-AR14.5 %17.4 %$299,450-10.3 %-6.3 %418.8 %-1.7Miami-Fort Lauderdale-West Palm Beach, FL-8.6 %-10.8 %$499,000-2.5 %-1.9 %6.516.3 %-5.0Milwaukee-Waukesha, WI17.9 %20.4 %$387,8583.4 %5.0 %210.9 %1.9Minneapolis-St. Paul-Bloomington, MN-WI15.0 %0.3 %$425,000-4.7 %-1.4 %2.510.7 %0.5Nashville-Davidson--Murfreesboro--Franklin, TN18.3 %15.7 %$529,000-1.1 %-1.2 %5.515.9 %-0.9New York-Newark-Jersey City, NY-NJ3.5 %-0.6 %$750,000-3.8 %0.4 %37.4 %0.4Oklahoma City, OK12.6 %4.1 %$318,4500.2 %-0.9 %7.518.2 %0.0Orlando-Kissimmee-Sanford, FL-0.5 %-4.5 %$419,000-0.2 %-2.6 %721.1 %-3.6Philadelphia-Camden-Wilmington, PA-NJ-DE-MD7.6 %-2.6 %$359,9000.3 %0.6 %411.6 %-0.1Phoenix-Mesa-Chandler, AZ6.4 %1.3 %$496,900-4.4 %-1.2 %329.7 %-3.0Pittsburgh, PA10.2 %-4.0 %$239,9500.4 %1.8 %2.514.5 %0.7Portland-Vancouver-Hillsboro, OR-WA11.4 %10.5 %$575,000-4.2 %-2.2 %-223.1 %0.3Providence-Warwick, RI-MA0.6 %-1.6 %$554,9500.9 %9.8 %11.58.6 %-0.3Raleigh-Cary, NC15.1 %13.4 %$449,9001.1 %-1.3 %1.517.7 %-2.0Richmond, VA8.2 %16.7 %$441,625-0.7 %1.7 %-5.59.4 %-0.8Riverside-San Bernardino-Ontario, CA0.9 %-0.7 %$593,795-1.0 %-1.6 %316.7 %-1.1Sacramento-Roseville-Folsom, CA3.2 %10.1 %$621,495-0.6 %0.4 %314.3 %-2.3Salt Lake City-Murray, UT5.0 %5.0 %$550,000-2.7 %-0.8 %-0.521.0 %-0.6San Antonio-New Braunfels, TX12.4 %10.6 %$323,950-3.3 %-4.6 %0.523.7 %-1.3San Diego-Chula Vista-Carlsbad, CA5.4 %2.0 %$925,000-2.6 %-3.7 %214.9 %-1.4San Francisco-Oakland-Fremont, CA-6.0 %-0.1 %$985,0003.7 %-2.3 %-210.3 %-1.4San Jose-Sunnyvale-Santa Clara, CA17.4 %1.2 %$1,376,500-0.9 %-3.5 %1.511.5 %2.6Seattle-Tacoma-Bellevue, WA42.5 %3.5 %$769,4852.6 %-1.2 %2.515.4 %4.2St. Louis, MO-IL11.1 %-5.2 %$280,900-3.1 %1.6 %6.512.6 %0.1Tampa-St. Petersburg-Clearwater, FL0.5 %-16.1 %$400,0000.0 %-1.7 %8.525.9 %-3.0Tucson, AZ10.4 %-0.1 %$384,440-3.6 %-1.5 %6.523.5 %-0.7Virginia Beach-Chesapeake-Norfolk, VA-NC7.4 %-1.7 %$412,5003.1 %1.8 %-2.514.3 %-0.9Washington-Arlington-Alexandria, DC-VA-MD-WV15.5 %0.6 %$572,500-5.4 %-3.7 %612.0 %-0.3MethodologyRealtor.com housing data as of March 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.Beginning with our April 2025 report, we transitioned to a revised national pending home sales data series that applies enhanced cleaning methods to improve consistency and accuracy over time. While the insights and commentary in this report reflect the new series, the downloadable data remains based on our legacy automated pipeline. As a result, there may be slight differences between the report figures and those in the national download file as we transition.With the release of its January 2025 housing trends report, Realtor.com® restated data points for some previous months. As a result of these changes, some of the data released since January 2025 will not be directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports.Methodology for cancellations: A contract cancellation is counted if a listing was pending on one day and then back to active the next. It may miss a few that have been entirely delisted.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com 



View original content:https://www.prnewswire.com/news-releases/tensions-cloud-a-spring-market-that-was-just-finding-its-footing-according-to-realtorcom-march-housing-report-302730562.htmlSOURCE Realtor.com

Original: Tensions Cloud a Spring Market That Was Just Finding Its Footing, According to Realtor.com® March Housing Report

Search Homes and See What You Can Afford with the New Realtor.com® App in ChatGPTMarch 30, 2026 6:00 AM
PR Newswire (US)

The app simplifies critical budget and location decisions for home shoppers, while also safeguarding MLS dataAUSTIN, Texas, March 30, 2026 /PRNewswire/ -- Realtor.com® today announced the launch of the Realtor.com® app in ChatGPT, marking another major step in the company's strategy to infuse AI technology across the home buying and renting journey. The new conversational experience brings Realtor.com®'s intuitive home search capability into one of the most widely used AI platforms, making the often-overwhelming "pre-search" phase of the home buying and renting process simpler and then ultimately transitioning users to Realtor.com® to connect with a local expert, schedule a tour, and explore our full suite of advanced search tools.







Consistent with Realtor.com®'s unique industry partnership model, MLSs and professionals remain at the center of a connected consumer experience. Every listing remains fully secure, and MLS data is protected with a strict prohibition on model training.Over the past year, Realtor.com® has rolled out a series of AI-powered innovations designed to make the home search smarter, faster and far more intuitive for consumers, including its AI-powered natural language search feature, AI-generated listing tags, and immersive visual tools that highlight unique property attributes. In every team across the company, AI is being leveraged to accelerate development, drive scale and deliver quality experiences. Together, these efforts are laying the foundation for an AI-driven Realtor.com® experience that is built to lead the future of real estate."For 30 years, Realtor.com® has led every major technology shift in how Americans search for homes, while staying true to our mission of connecting them with the professionals who will help them," said Damian Eales, Realtor.com® CEO. "Today, AI represents the next transformational opportunity to simplify the home journey and deliver greater clarity and confidence to consumers. The combined strengths of Realtor.com®, REA Group and News Corp give us a unique competitive advantage, uniting world-class tech and talent, global insights and deep industry partnerships. With OpenAI, we will meet home buyers wherever they are, keeping the real estate professional central to the experience."According to a recent Realtor.com® survey, Americans rely on real estate agents as the No. 1 most trusted and accurate source for information and 82% are also using AI for real estate insights. The company sees an opportunity to accelerate its strong traffic momentum by reaching consumers earlier during what it calls the "pre-search" phase, when they are asking foundational questions about affordability, neighborhood discovery, and whether to rent or buy. By giving them intuitive tools to start their pre-search, it can then ultimately transition them to Realtor.com® and a professional who can best assist them."Our commitment is to make Realtor.com® omnipresent wherever consumers are having conversations about real estate. Our new app in ChatGPT raises the bar, especially for first-time home buyers, putting powerful guidance and clarity in front of consumers from the moment they begin pre-searching," said Mickey Neuberger, Realtor.com® Chief Consumer & Marketing Officer. "We brought real estate listings to the internet. Now we're bringing them to AI. As the most trusted site among real estate professionals, we see this as a win for buyers, agents and the broader industry."To support consumers on their home buying or renting process, the experience is enhanced by these key features:First-Time Buyer Focus: Tailored prompts support first-time buyers during the pre-search phase, helping them move from early questions about how and where to begin into clear, actionable search criteria.Affordability Calculator: Users can engage conversationally to instantly establish initial budget parameters based on their savings and income.Neighborhood Exploration: Supports discovery by comparing and pinpointing specific areas based on criteria like commute times, lifestyle amenities, or school boundaries."The Realtor.com® app in ChatGPT is designed to keep agents and MLSs at the center of the real estate transaction, while raising the visibility of their listings," said Anna Marie Castiglioni, Head of Realtor.com® Next. "Realtor.com® does not receive listing data through an IDX feed; instead, our unique, direct relationships with MLSs ensure we operate in the best interests of home buyers and sellers, partnering with MLSs that uphold accuracy and transparency across the industry. By only showing a preview of property images and details, the app guides consumers to Realtor.com® to connect with a local expert, schedule a tour, and explore our full suite of advanced search tools."The Realtor.com® app in ChatGPT is available starting today to all ChatGPT users.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com










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Original: Search Homes and See What You Can Afford with the New Realtor.com® App in ChatGPT

Priced Out or Locked In: How Cost and Geography are Defining America's Renters, Realtor.com®March 26, 2026 6:00 AM
PR Newswire (US)

New analysis of 100 largest metros reveals a rental landscape shaped by unequal access rather than individual preferenceAUSTIN, Texas, March 26, 2026 /PRNewswire/ -- America's rental market is often discussed as if it were a single, uniform experience. It is not. A new report, which includes an analysis of 2024 American Community Survey data across the 100 largest metropolitan areas by Realtor.com®, finds the U.S. rental market is splitting into three distinct but overlapping groups. For most tenants, the decision of where and how to live is increasingly a calculation of financial survival rather than a lifestyle choice.Young renters are being priced out of the markets they once defined, while family renters — disproportionately minority households — find homeownership structurally out of reach. Meanwhile, long-term renters remain largely locked in place, many unable to afford the market they already live in. Together, these trends reveal a rental landscape shaped less by individual preference than by cost, geography, and unequal access."We often hear that today's renters are choosing to rent because they don't want to be homeowners or are choosing to be 'forever renters', but in order to understand what's holding renters back, we need to know who they are, where they are, and why they're renting," said Danielle Hale, chief economist at Realtor.com®. "America's rental landscape is being shaped by cost and geography in ways that limit flexibility for almost every type of tenant. Whether it's young professionals moving inland for breathing room or families in high-cost markets stuck behind an affordability wall. Despite the fact that 75%  of Americans believe homeownership is part of the American dream, we found that in nearly every category of renter, achieving homeownership is a challenge."The New Geography of Young RentersRepresent 31.9% of all renter households nationallyA typical young renter household in the U.S. is headed by a 28-year-old adult, with a household size of 2 people living in a 2-bedroom unit, earning $65,000 annuallyConcentrated in mid-size, affordable inland metros that offer job opportunity— not expensive coastal citiesMarkets with high young renter shares show significantly lower affordability stress, higher shares of single-person households, and lower rates of doubling-upYoung renter households, headed by an adult under 34, represent 31.9% of all renter households nationally. While high-profile coastal cities are traditionally seen as magnets for this group, they are increasingly absent from the top markets for young renter concentration. Instead, young renters are flocking to mid-size, affordable inland metros with tight labor markets.The top metros for young renters include Colorado Springs (45.7%), Austin (44.6%), and Denver (43.5%). The shift is driven by a massive affordability gap: in the top 10 young renter markets, an average of 52.6% of renters can afford a fair market rent, compared to just 32.0% in Miami and 33.6% in Los Angeles. Yet, affordability alone does not explain why young renters choose these specific markets over other affordable alternatives.The top markets also offer something equally important — jobs. In December 2025, the average unemployment rate across the top 10 young renter markets was 3.6%, compared to a national rate of 4.1%, suggesting these are not just cheap markets but genuinely tight labor markets where early-career opportunities are abundant. Austin — named twice as a top destination for recent college graduates — has emerged as one of the country's most dynamic labor markets, drawing technology companies, financial services firms, and corporate relocations that have created a deep well of early-career opportunity.Where renting is affordable, these households have the financial room to live independently, with higher shares of single-person households. Where it is not, they are forced to double up. In Los Angeles, for example, 16.3% of young rental households live in "doubled-up" arrangements, nearly double the 8.6% average in the top 10 young renter markets.The Homeownership Barrier for Family RentersRepresent 44.3% of all renter households nationallyA typical family renter household in the U.S. is headed by a 42-year-old adult, with a family size of 3 people living in a 2-bedroom unit, earning $68,000 annuallyConcentrated in majority-minority markets across California, Texas, Florida, and HawaiiFace a double barrier: high home prices that put buying out of reach, compounded by a long-documented homeownership gap that disproportionately affects minority householdsMarkets where family renters concentrate most heavily are among the most burdened and most crowded in the countryFamily renters represent the largest share of the market at 44.3% nationally. The geography of family renting is, to a significant degree, the geography of minority America. The highest concentrations are found in majority-minority markets across California, Texas, Florida, and Hawaii, led by Stockton (63.3%), Riverside (61.7%), and McAllen (61.0%).This concentration reflects two forces working in the same direction. First, minority groups tend to have higher family formation rates. For example, among all Hispanic households, 67.9% are family households, compared to 60.1% among white-alone households. Second, and more fundamentally, minority families in these markets face a double barrier to homeownership. Home prices have climbed far beyond the reach of median-income households — every one of these markets scores below the national affordability benchmark, according to Realtor.com data. This affordability wall is compounded by structural barriers that persist regardless of market conditions — unequal access to credit and limited intergenerational wealth have produced a homeownership gap that remains wide and well-documented.The Lock-In Effect for Long-Term RentersRepresent 36.1% of all renter households nationallyConcentrated in rent-regulated anchor cities (New York, Los Angeles) and their spillover markets across California and the NortheastA majority cannot afford current market rents. An average of just 39.2% of renting households in the top 10 metros would face severe affordability stress if forced to move at fair market rent within the same metro, assuming the same household incomes and bedroom sizes.A typical long-term renting household is headed by a 55 year-old adult, living in a household of 2 people and 2 bedrooms with a median household income of $48,500.Long-term renters, those in the same unit for five or more years, are increasingly concentrated in the country's most expensive anchor cities. In New York (53.3%) and Los Angeles (49.6%), decades of rent stabilization have kept millions of tenants in below-market units they cannot afford to leave.This "lock-in" effect extends to overflow markets as well. Renters priced out of Boston have moved to Providence (44.4%) and Worcester (44.0%), but as rents rise in these secondary cities, many find themselves stuck again. On average, 39.2% of renter households in the top 10 long-term renter metros would face severe affordability challenges if they were forced to move within their current metro at fair market rent. The burden is most acute in Providence (45.8%) and Bridgeport (43.9%), where renters have simply run out of affordable places to go.Not all long-term renters are the same. Some stay by choice — drawn by community ties, neighborhood familiarity, or simply a preference for stability, especially for senior renters. But for many others, staying put is not a preference."When you look beneath the national averages, you see a market that is failing to provide mobility," said Jiayi Xu, economist at Realtor.com®. "The lack of new, affordable inventory means that for many, the 'American Dream' of choosing where you live has been replaced by the necessity of staying exactly where you are."MethodologyThis analysis draws on 2024 American Community Survey (ACS) 1-Year estimates across the 100 largest metropolitan areas. The sample is restricted to renter households headed by an adult over 18 who is not currently enrolled in school, focusing on households actively participating in the housing market.Affordability is measured using HUD's 2024 Fair Market Rents (FMR) as the rent benchmark rather than actual rents paid. This approach captures what households would face if forced to move to a new unit within the same metro today, holding household income and bedroom size constant. It is designed to answer a specific policy question: what share of current renter households could afford a typical market-rate unit in their metro if they had to move?We define affordable housing as units where rent represents less than 30% of household income, consistent with the standard HUD threshold. Severe affordability challenges are defined as rent-to-income ratios exceeding 50%. Households reporting zero or negative household income are excluded from burden calculations, consistent with standard housing research methodology.We define doubled-up households as where at least two unmarried or unpartnered working-age adults share a unit, often as a strategy to manage rising housing costs.Crowding is defined as more than two persons per bedroom, a threshold that reflects practical space constraints for renter households. This definition is more conservative than HUD's standard of one person per room, focusing specifically on bedroom capacity as the relevant measure of residential crowding for renter households.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com 



View original content:https://www.prnewswire.com/news-releases/priced-out-or-locked-in-how-cost-and-geography-are-defining-americas-renters-realtorcom-302725096.htmlSOURCE Realtor.com

Original: Priced Out or Locked In: How Cost and Geography are Defining America's Renters, Realtor.com®

Dow Jones Energy Hosts World Chemical Forum 2026March 25, 2026 12:54 PM
Business Wire
The premier event returned to Texas, convening global leaders from across the chemical and energy value chains to navigate the evolving industry landscape


Dow Jones Energy, a leading provider of energy pricing, news and analytics, is hosting the third annual World Chemical Forum, presented by Chemical Market Analytics by OPIS, at The Woodlands Resort in The Woodlands, Texas.


Beginning today, the forum brings together a global assembly of hundreds of attendees and industry leaders from more than 35 countries around the theme of “Embracing the New Reality: Transform to Thrive.” Conversations will focus on navigating evolving cost structures, shifting energy priorities and a dynamic global trade landscape.


Powered by data and intelligence from OPIS and Chemical Market Analytics, and in collaboration with The Wall Street Journal, the event offers a comprehensive exploration of the future of chemicals and energy, their inter-relationships and how both markets will address global economic and environmental challenges.


“The chemical industry is moving at a breakneck pace, and navigating that change requires more than just raw data—it requires the right perspective,” said Dewey Johnson, Global Chief Markets Officer, Chemicals. “At Dow Jones Energy, we combine deep expertise with reliable analysis to help our partners make sense of these shifting markets. The World Chemical Forum is the perfect place to bring those insights together and get a real grip on where this industry is headed.”


“This event is part of our mission to provide the trusted intelligence that powers global commerce,” said Sarah Cottle, Executive Vice President and General Manager, Dow Jones Energy. “As the industry navigates a transformative era defined by new energy priorities and shifting trade dynamics, World Chemical Forum is an essential moment showcasing what Dow Jones Energy does best – connecting our customers with deep sector expertise to drive sustainable growth and innovation in the years ahead.”


Featured speakers for the 2026 World Chemical Forum include:



Dr. Thomas Kloster, President, Petrochemicals Division, BASF



Adrian Cooper, Executive Chairman, Oxford Economics



Lars Eirik Nicolaisen, Deputy CEO, Rystad Energy



Bob Patel, Board Director, Senior Advisor, Former Private and Public Company CEO



Jim Teague, Co-CEO and Director, Enterprise Products Partners



Dr. Slil Siripong, Director Finance & Strategy, SCG



Andre Wilkie, Strategy & Execution, XRG



Justine Smith, Executive Vice President of Commercial, Chevron Phillips Chemical Company



Sameer Bharadwaj, CEO, Orbia



Chris Jahn, President & CEO, American Chemistry Council (ACC)



Marco Mensink, Deputy Director General & Executive Director Industrial Policy, CEFIC



Dr. Raja M. Almarzoqi, Chief Negotiator, Gulf Cooperation Council (GCC)



Ignacio Torras, President & CEO, Tricon Energy



Samantha Gross, Director, Energy Security & Climate Initiative, Brookings Institution



Rebecca Liebert, President & CEO, The Lubrizol Corporation



Deon Carter, President, Chlor-alkali Products & Vinyl, Olin



Scott Rook, CEO, Chemtrade



Leon de Bruyn, President & CEO, Lummus Technology



Fredrico Veller, National Undersecretary of Hydrocarbons, Argentina



Udo Lange, CEO, Stolt-Nielsen



The forum will feature two days of strategic insight, with key topics on the agenda including:



Adapting Chemical Supply Chains Amid Tariffs and Geopolitics



Changing Paradigms in Energy Markets



China’s Short to Medium Term Energy & Chemicals Outlook



Global Feedstocks in Flux: Navigating Cost, Supply and Strategy in a Shifting Market



Polyolefin Power Plays: Who Survives and What Shifts the Game?



The full list of speakers and program schedule can be found at opis.com/world-chemical-forum/.


About Dow Jones


Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest newsgathering operations globally. It is home to leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Dow Jones Risk & Compliance and Dow Jones Newswires. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

View source version on businesswire.com: https://www.businesswire.com/news/home/20260325588272/en/
Media Contact

Kamilla Rahman

Kamilla.Rahman@dowjones.com


Original: Dow Jones Energy Hosts World Chemical Forum 2026

Perks of the Park: Mobile Homes Offer Fast-Track to Homeownership as Prices Fall 5.7% Year-Over-YearMarch 24, 2026 6:00 AM
PR Newswire (US)

Median listing price for mobile homes sits at $141,450; Realtor.com® report highlights manufactured housing as a versatile entry-point in an evolving market AUSTIN, Texas, March 24, 2026 /PRNewswire/ -- As the 2026 housing market continues to adjust, some Americans are finding that the fastest route to homeownership isn't through a traditional site-built house, but through the evolving manufactured housing sector. According to the new Realtor.com® Perks of the Park Report, mobile homes are emerging as an affordable option for buyers who refuse to be sidelined by the high costs of the broader market.In February, the median mobile home listing price was $141,450, a 5.7% decrease year-over-year, while the median single-family home remained significantly higher at $410,000. Under current market conditions, assuming a 6% interest rate on a 30-year mortgage with a 20% down payment, the monthly principal and interest for a median mobile home is just $678. This makes manufactured housing a compelling alternative to both traditional ownership and renting; the $1,667 median rent across the top 50 U.S. metros is more than double the typical monthly mortgage payment for a mobile home."While the broader market remains a challenge for many, the mobile home sector is currently offering one of the most efficient entry-points into the market," said Joel Berner, senior economist at Realtor.com®. "Mobile homes offer a unique opportunity to build equity with a significantly lower monthly housing payment. For those who prioritize flexibility and lower cost burdens, the current price dip in the mobile home sector provides a compelling window to move from renting to owning."Market Dynamics: Correction Creates Opportunity
Following a period of intense price growth in 2021 and 2022, the mobile home market has recalibrated more swiftly than the site-built sector. While mobile home prices peaked with 30% year-over-year growth in late 2022, the recent 5.7% decline suggests that sellers are becoming more flexible, creating a favorable environment for budget-conscious shoppers.The report also highlights that for those who view housing as a long-term investment, the combination of a manufactured home and land ownership remains a good option for wealth-building.Mobile homes with land: Values have increased 70.1% over the last seven years, outpacing the 58.6% appreciation of traditional single-family homes.Mobile homes without land: Appreciation was more modest at 51.6%, serving as an accessible starter option for those prioritizing lower monthly costs over land equity.The Sun Belt and Rural Advantage
Mobile home inventory is heavily concentrated in the Sun Belt, where warm climates and land availability support varied housing types. Florida remains a primary hub, with metros like Tampa-St. Petersburg-Clearwater and Lakeland-Winter Haven accounting for a significant share of the nation's listings.Furthermore, mobile homes continue to be a vital solution for rural housing. Nearly 10% of all U.S. mobile home listings are located outside of metropolitan areas, providing an essential option for landowners in regions where traditional construction labor may be less available.Modernizing the Model
The report arrives as the industry prepares for potential regulatory updates. The pending Housing for the 21st Century Act aims to modernize standards by removing the permanent steel chassis requirement for manufactured homes. This shift could streamline construction and pave the way for more multi-story designs that blend seamlessly with traditional neighborhoods."We are seeing a shift in how manufactured housing is perceived and regulated," said Berner. "With legislative reform on the horizon and expanded zoning in several states, these homes are being recognized for what they are: a great housing alternative that provides an efficient path to financial stability for millions of American households."Metro AreaPercent of
US Mobile
Home
ListingsPercent of All
US Home
ListingsOutside All Metro Areas9.5 %6.0 %Tampa-St. Petersburg-Clearwater, Fla.5.9 %1.8 %Phoenix-Mesa-Chandler, Ariz.4.1 %2.1 %Riverside-San Bernardino-Ontario, Calif.3.5 %1.3 %Lakeland-Winter Haven, Fla.3.4 %0.5 %North Port-Bradenton-Sarasota, Fla.3.0 %1.0 %Orlando-Kissimmee-Sanford, Fla.2.8 %1.3 %Cape Coral-Fort Myers, Fla.2.0 %1.2 %Los Angeles-Long Beach-Anaheim, Calif.1.7 %1.7 %Deltona-Daytona Beach-Ormond Beach, Fla.1.5 %0.6 %Methodology
Listing data come from mobile manufactured homes listed for sale on Realtor.com from June 2016 through February 2026. Automated Valuation Model (AVM) estimates provided by Realtor.com data providers are tracked for individual properties from January 2019 to January 2026.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/perks-of-the-park-mobile-homes-offer-fast-track-to-homeownership-as-prices-fall-5-7-year-over-year-302722179.htmlSOURCE Realtor.com

Original: Perks of the Park: Mobile Homes Offer Fast-Track to Homeownership as Prices Fall 5.7% Year-Over-Year

Dow Jones Special Committee Elects Melanie KirkpatrickMarch 18, 2026 12:30 PM
Business Wire
The Dow Jones Special Committee, established as part of the acquisition of Dow Jones & Co. by News Corp in late 2007, has elected Melanie Kirkpatrick to succeed Tom Bray.


Kirkpatrick, an author and retired journalist who spent most of her career at The Wall Street Journal, will serve out Bray’s term ending Dec. 31, 2029, at which time she would be eligible for reelection to a five-year term.


The committee earlier elected member Lawrence Ingrassia in December to succeed Bray as board chair. Ingrassia, a retired journalist who worked as a senior editor at The Wall Street Journal and The New York Times, joined the committee in 2020.


Bray is retiring from the committee after 18 years as chair since its inception. Bray said he was honored to serve on the committee and help preserve The Wall Street Journal's well-deserved reputation for fairness in reporting the news as well as the newspaper's longstanding Opinion section motto "free markets and free people.”


Kirkpatrick, who worked for The Wall Street Journal from 1980 to 2009, held a number of senior editing positions for the newspaper’s Opinion section, including as op-ed editor; a member of the editorial board; and deputy editor of the editorial pages.


Kirkpatrick is the author of three books: “Lady Editor: Sarah Josepha Hale and the Making of the Modern American Woman;” “Thanksgiving: The Holiday at the Heart of the American Experience” and “Escape from North Korea: The Untold Story of Asia’s Underground Railroad.” She received the 2001 Mary Morgan Hewett Award for Women in Journalism from the Friends of the East-West Center for her decades-long work and commitment to journalism.


Kirkpatrick received a bachelor’s degree from Princeton University and a master’s degree from the University of Toronto. She is a senior fellow at the Hudson Institute, a member of the Council on Foreign Relations; a member of the advisory council of the George W. Bush Institute; and a director of the America for Bulgaria Foundation.


The five-person Special Committee is an independent body charged with safeguarding the editorial independence of The Wall Street Journal and Dow Jones, as well as monitoring their adherence to the highest ethical and professional standards. It operates under an agreement between the former owners of Dow Jones and News Corp, and the committee’s approval is required for the appointments of the Journal’s Editor-in-Chief and the Editorial Page Editor.


In addition to Ingrassia and Kirkpatrick, the other members of the committee include secretary Louis Boccardi; Cynthia Glassman; and John Tefft.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260318613390/en/
Lawrence Ingrassia

ingrassia.larry@gmail.com


Original: Dow Jones Special Committee Elects Melanie Kirkpatrick

April 12-18th is the Best Week to Sell in 2026 According to Realtor.com®March 18, 2026 6:00 AM
PR Newswire (US)

Sellers listing during this "Goldilocks" window could see $26,000 more than at the start of the year as mortgage rates ease and buyer demand ramps upAUSTIN, Texas, March 18, 2026 /PRNewswire/ -- Typical market seasonality and improving affordability conditions are converging to create a highly favorable window for U.S. home sellers during the week of April 12-18th. According to the 2026 Best Time to Sell report from Realtor.com®, the week of April 12-18th is expected to be the best time to list a home in 2026, offering a "Goldilocks" balance of higher prices, strong buyer demand, and a fast market pace.As mortgage rates stabilized in the low-6% range in late 2025 and reached some of the lowest levels in nearly four years in early 2026, a cohort of previously sidelined buyers is expected to re-engage with the market. This rebound in demand will coincide with a seasonal thaw and is expected to peak mid-April, where historically, listings receive 16.7% more views than the average week, while homes sell approximately 17% faster—roughly nine days quicker than the annual norm. For the 2026 market, this could translate to a national median listing price that is $5,300 above the annual average—and $26,000 more than in January."After years of being squeezed by limited inventory and high rates, the 2026 housing market is starting to feel more approachable for those who have been sidelined," said Danielle Hale, chief economist at Realtor.com®. "This shift doesn't just mean more options; lower rates and tempered price growth should give buyers' some budget breathing room. For sellers, the mid-April window represents an opportunity to enter a market that feels more within reach for buyers while benefiting from a seasonal advantage in terms of pricing and competition."Why the Week of April 12-18? 
By analyzing seasonal trends from 2018–2025, the Realtor.com® Best Time to Sell Report identified several key benefits for sellers who time their listing to this specific week:Strong Prices: Homes listed during this window historically reach prices 1.3% higher than the average week. In 2026, this translates to a national median listing price approximately $5,300 above the annual average and $26,000 more than the start of the year.Market Velocity: In 2025, homes during this optimal week were on market for 50 days—10 days faster than the year's average and three days faster than pre-pandemic 2019 levels.Inventory Advantage: While inventory levels have grown, the national supply remains 16.8% below typical 2017–2019 levels. Listing during the week of April 12-18 allows sellers to bypass the surge in new listings typically seen later in the spring.Price Stability: Roughly 18.9% fewer homes see price reductions during this week compared to the annual average, as concentrated buyer activity supports firm asking prices.Strategic Market Readiness
Early preparation is key, while 53% of sellers reported preparing their homes in a month or less, the complexity of the current market, which sees more power in the hands of buyers than in years past, suggests homeowners should begin the process well before their intended listing date.Economic Uncertainty and Shifting Market Dynamics 
The 2026 housing market is in a delicate rebalancing phase following a 2025 season where home sales matched nearly three-decade lows. Several shifting dynamics will define the coming months:Easing of the "Lock-In" Effect: Seller activity climbed through 2025 and the share of outstanding mortgages above 6% surpassed those below 3%. While this thaw in inventory provides more options, the path to a balanced market remains uneven as sellers and buyers navigate interest rate volatility.Recovering Purchasing Power vs. Affordability: Mortgage rates reached the 5% range for the first time in 3.5 years in early 2026, providing a welcomed development for sidelined buyers. However, the market's path lower remains "bumpy," requiring both buyers and sellers to "rate-proof" their budgets against sudden macroeconomic shifts.Risk of Late-Season Competition: Historically, by late June, median prices reach near-peak levels (+11.0% in 2025), but this coincides with a 38.4% surge in new sellers. Homeowners can mitigate the risk of being lost in a crowded summer market by seizing the mid-April window, where buyer interest is high but competition is still building."The housing market remains undersupplied, especially in the Northeast and Midwest, meaning sellers of well-priced, move-in ready homes are likely to find success," said Hannah Jones, senior economic research analyst at Realtor.com®. "However, in the South and West where inventory is more abundant, sellers face softer conditions. In those metros, optimizing timing to this early spring window is even more critical to differentiate a property from the growing competition."Local Flavor: Why the "Best Week" Varies by Market While national data points to April 12-18 as the optimal window, real estate remains local. Depending on the region, the ideal listing window may already be open or still weeks away:The Early Birds: High-Demand Tech & Coastal Hubs: In markets like San Jose, Boston, and Seattle, the spring market kicks off much earlier. Savvy sellers in these metros often list in early to mid-March to get ahead of the surge. With inventory remaining tight, listing early allows sellers to capture "high-intent" buyers who have been scouring limited winter listings.The Steady Climbers: Midwest and Northeast "Value" Markets: Markets such as Milwaukee, Grand Rapids, and Hartford are seeing some of the highest demand in the country due to relative affordability. Supply in these areas remains quite limited, and the "Best Week" tends to align more closely with the national average in mid-April.The Sunbelt Shift: In the South and West, markets like Austin and Phoenix are seeing inventory return to pre-pandemic levels, granting buyers more leverage. For sellers in these metros, the mid-April window is the best bet to find a match as early buyers re-enter the market before competition from other sellers intensifies across the calendar year.Best Time to List – 50 Largest Metro AreasMarketBest Week Start DateListing Price vs Start of YearListing Price Change vs Start of Year ($)Views Per Property vs Avg WeekPrice Reductions vs Avg WeekDays on Market vs Avg WeekActive Listings vs Avg WeekUnited States4/12/20256.6 %$26,00016.7 %-20.5 %-9 days-12.8 %Atlanta-Sandy Springs-Roswell, GA4/12/20266.7 %$27,00018.7 %-15.4 %-8-10.1 %Austin-Round Rock-San Marcos, TX4/12/20269.1 %$41,00026.3 %-8.0 %-15-10.2 %Baltimore-Columbia-Towson, MD3/15/20265.9 %$21,00022.5 %-25.0 %-7-14.8 %Birmingham, AL5/10/202610.5 %$30,00012.4 %0.4 %-11-6.2 %Boston-Cambridge-Newton, MA-NH3/8/20268.7 %$69,00025.6 %-46.0 %-10-22.9 %Buffalo-Cheektowaga, NY4/12/202615.2 %$39,00035.4 %-37.8 %-10-22.0 %Charlotte-Concord-Gastonia, NC-SC4/12/20265.6 %$23,00018.4 %-17.8 %-10-11.7 %Chicago-Naperville-Elgin, IL-IN3/22/20269.9 %$35,00018.0 %-23.3 %-5-15.2 %Cincinnati, OH-KY-IN3/29/202614.7 %$50,00017.5 %-27.6 %-6-18.6 %Cleveland, OH4/12/202615.9 %$39,00020.3 %-25.0 %-7-16.6 %Columbus, OH3/22/20269.8 %$34,00034.1 %-45.6 %-9-25.9 %Dallas-Fort Worth-Arlington, TX4/12/20265.8 %$24,00023.5 %-20.0 %-9-14.6 %Denver-Aurora-Centennial, CO3/8/20265.6 %$31,00035.2 %-44.2 %-12-30.0 %Detroit-Warren-Dearborn, MI4/12/202613.6 %$32,00032.0 %-34.6 %-6-21.3 %Grand Rapids-Wyoming-Kentwood, MI3/29/20268.4 %$34,00022.6 %-54.3 %-5-27.2 %Hartford-West Hartford-East Hartford, CT3/15/20266.4 %$28,00027.2 %-26.4 %-6-14.3 %Houston-Pasadena-The Woodlands, TX4/12/20265.4 %$19,00017.5 %-13.0 %-7-9.1 %Indianapolis-Carmel-Greenwood, IN5/3/202615.8 %$49,00024.5 %-17.9 %-11-16.6 %Jacksonville, FL3/22/20265.3 %$20,00024.7 %-15.5 %-7-9.8 %Kansas City, MO-KS3/22/20267.3 %$28,00018.2 %-35.3 %-4-18.7 %Las Vegas-Henderson-North Las Vegas, NV3/22/20263.6 %$17,00031.6 %-24.4 %-7-18.2 %Los Angeles-Long Beach-Anaheim, CA3/22/20267.0 %$73,00020.0 %-22.2 %-5-13.9 %Louisville/Jefferson County, KY-IN4/26/202610.5 %$32,00015.0 %-35.6 %-5-17.4 %Memphis, TN-MS-AR5/3/20269.0 %$27,00010.3 %-10.5 %-8-11.2 %Miami-Fort Lauderdale-West Palm Beach, FL5/24/20265.1 %$26,0003.0 %-1.7 %-2-2.6 %Milwaukee-Waukesha, WI3/22/20269.2 %$34,00021.9 %-46.5 %-5-13.1 %Minneapolis-St. Paul-Bloomington, MN-WI3/15/20266.6 %$27,00023.3 %-41.0 %-6-22.3 %Nashville-Davidson--Murfreesboro--Franklin, TN4/12/20266.8 %$36,00021.6 %-17.5 %-8-14.3 %New York-Newark-Jersey City, NY-NJ3/22/20264.6 %$34,00018.3 %-18.2 %-10-7.7 %Oklahoma City, OK3/8/20264.5 %$14,00018.4 %-42.2 %0-13.7 %Orlando-Kissimmee-Sanford, FL4/19/20265.0 %$21,00023.3 %-5.4 %-7-9.8 %Philadelphia-Camden-Wilmington, PA-NJ-DE-MD3/22/20265.1 %$18,00019.8 %-16.8 %-7-9.8 %Phoenix-Mesa-Chandler, AZ4/19/20265.4 %$27,00018.3 %-3.1 %-4-1.4 %Pittsburgh, PA4/5/202610.8 %$26,00021.4 %-19.1 %-9-13.5 %Portland-Vancouver-Hillsboro, OR-WA3/22/20263.1 %$18,00025.9 %-35.6 %-9-25.2 %Providence-Warwick, RI-MA4/12/20266.3 %$34,00019.8 %-33.7 %-7-16.5 %Raleigh-Cary, NC4/12/20265.7 %$25,00021.6 %-22.5 %-10-13.4 %Richmond, VA4/12/20267.4 %$31,00020.0 %-19.0 %-7-11.6 %Riverside-San Bernardino-Ontario, CA3/22/20262.7 %$16,00027.4 %-17.3 %-4-12.9 %Sacramento-Roseville-Folsom, CA3/22/20264.6 %$28,00026.1 %-33.6 %-8-24.9 %San Antonio-New Braunfels, TX4/19/20264.8 %$15,00022.4 %-11.3 %-8-11.3 %San Diego-Chula Vista-Carlsbad, CA3/22/20265.4 %$48,00020.4 %-29.1 %-5-17.5 %San Francisco-Oakland-Fremont, CA3/22/202611.6 %$104,00018.5 %-27.2 %-7-16.4 %San Jose-Sunnyvale-Santa Clara, CA3/8/202611.4 %$148,00018.3 %-32.4 %-10-19.1 %Seattle-Tacoma-Bellevue, WA3/29/202610.2 %$76,00022.0 %-52.3 %-10-30.5 %St. Louis, MO-IL3/22/20268.1 %$23,00017.4 %-21.0 %-4-13.3 %Tampa-St. Petersburg-Clearwater, FL4/19/20266.2 %$25,00026.2 %-1.4 %-7-6.8 %Tucson, AZ5/3/20267.1 %$27,00011.3 %-10.2 %-5-6.9 %Virginia Beach-Chesapeake-Norfolk, VA-NC4/19/20266.4 %$26,00019.4 %-12.5 %-8-4.8 %Washington-Arlington-Alexandria, DC-VA-MD-WV3/22/20267.1 %$39,00018.1 %-29.0 %-9-15.2 %Methodology
Listing metrics (e.g. list prices) from 2018-2019 and 2021-2025 were measured on a weekly basis, with each week compared against a benchmark from the first full week of the year. Due to the onset of the pandemic, 2020 was an uncharacteristic year and has therefore been excluded from the analysis. Averaging across the years yielded the "typical" seasonal trend for each metric. Percentile levels for each week were calculated along each metric (prices, listings, days on market, etc.), and were then averaged together across metrics to determine a Best Time to List score for each week. Rankings for each week were based on these Best Time to List scores.Each week was scored based on favorability toward sellers — this included competition from other sellers (active listings and new listings), listing prices, market pace (days on market), likelihood of price reductions, and homebuyer demand (views per property on Realtor.com). Percentile levels for each week were calculated along each metric, and were then averaged together across metrics to determine a Best Time to Sell score for each week. Rankings for each week were based on these Best Time to Sell scores.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/april-12-18th-is-the-best-week-to-sell-in-2026-according-to-realtorcom-302716563.htmlSOURCE Realtor.com

Original: April 12-18th is the Best Week to Sell in 2026 According to Realtor.com®

Realtor.com® Rent Report: U.S. Median Rents Hit Four-Year Low as Market Records 30th Consecutive Month of DeclineMarch 17, 2026 6:05 AM
PR Newswire (US)

National median asking monthly rent falls to $1,667; 15 major markets now see rents more than 10% below pandemic-era peaksAUSTIN, Texas, March 17, 2026 /PRNewswire/ -- The U.S. rental market has reached its most budget-friendly level in four years. According to the Realtor.com® February Rental Report, February marked the 30th consecutive month of year-over-year declines for 0-2 bedroom properties, bringing the national median asking monthly rent to $1,667, the lowest level recorded since March 2022.The national median rent fell $29, or 1.7%, compared to one year ago. While monthly rents  remain $207 (14.2%) higher than pre-pandemic levels recorded in February 2020, they have now retreated $90 (5.1%) from the summer 2022 peak."The persistent softness we're seeing is increasingly translating into real savings for renters who, for a long time, felt the market was out of reach," said Danielle Hale, chief economist at Realtor.com®. "This four-year low is a result of a prolonged downward trend meeting typical February seasonal softness. However, as we transition into the spring leasing season, we expect the modest price increases typical of the peak rental months. For some areas, this will likely mean new rental price highs, even as renters in the Sun Belt continue to see notably lower rents."The Deepest Relief: Sun Belt Leads the Way
With all 50 markets remaining below their all-time highs, the report reveals a notable divide in the depth and durability of renter relief across the country.Among the 50 largest U.S. markets, 15 saw median asking rents at least 10% below their pandemic-era peaks. These declines have proven remarkably sustained, particularly in Southern and Sun Belt markets where a boom in multifamily construction has shifted the balance in favor of tenants. In fact, Atlanta, Ga. has now recorded 42 consecutive months of year-over-year decreases, followed closely by Phoenix, Ariz. and Las Vegas, Nev. at 41 months each.Markets with the Deepest Rent Relief: 10% or More Below PeakMetroMedian
Asking RentYYPeak Month Peak Rent% from Peak$ from
PeakConsecutive
Months of Year-
Over-Year
Decline as of
Feb.2026Austin-Round Rock-San Marcos, Texas $1,357-7.1 %September 2022$1,659-18.2 %-$30234Birmingham, Ala.$1,125-3.4 %July 2022$1,357-17.1 %-$23232Memphis, Tenn.-Miss-Ark.$1,140-3.8 %July 2022$1,359-16.1 %-$21934Phoenix-Mesa-Chandler, Ariz.$1,427-4.4 %June 2022$1,690-15.6 %-$26341Atlanta-Sandy Springs-Roswell, Ga.$1,543-2.0 %October 2021$1,820-15.2 %-$27742Las Vegas-Henderson-North Las Vegas, Nev.$1,423-1.8 %June 2022$1,671-14.8 %-$24841San Diego-Chula Vista-Carlsbad, Calif.$2,626-3.7 %August 2022$3,064-14.3 %-$43823Nashville-Davidson--Murfreesboro--Franklin, Tenn.$1,457-4.5 %July 2023$1,693-13.9 %-$23631Raleigh-Cary, N.C.$1,437-1.5 %July 2022$1,659-13.4 %-$22234Denver-Aurora-Centennial, Colo.$1,720-4.2 %August 2023$1,978-13.0 %-$25824San Antonio-New Braunfels, Texas$1,188-4.0 %December 2022$1,359-12.6 %-$17130Miami-Fort Lauderdale-West Palm Beach, Fla.$2,235-3.3 %July 2022$2,550-12.4 %-$31533Jacksonville, Fla.$1,456-3.4 %June 2022$1,653-11.9 %-$19716Seattle-Tacoma-Bellevue, Wash.$1,905-1.9 %July 2022$2,158-11.7 %-$25334Dallas-Fort Worth-Arlington, Texas$1,408-3.7 %July 2022$1,566-10.1 %-$15835Markets Bucking the Trend: Where New Highs Are on the Horizon
Not every market is feeling the deep relief. In five metros, rents are sitting just 3% below their all-time highs — and with renters already paying more than last year, new record highs could be right around the corner. In Virginia Beach, Va., Baltimore, Md., and Richmond, Va., falling vacancy rates and rising rents signal that the window of affordability is closing fast."We are seeing two different stories across the country," said Jiayi Xu, economist at Realtor.com®. "In markets like Austin and Phoenix, renters are benefiting from deep post-pandemic rent relief, driven by a wave of new supply. But that relief isn't universal. In places like Virginia Beach, the window is closing fast. And in markets like Kansas City, there was never any real relief to begin with— what looks like a dip is nothing more than a seasonal pause. As the spring season approaches, these markets are poised to resume an upward trajectory and push toward new all-time highs."San Jose, Calif. remains one of the nation's most resilient hubs, maintaining positive year-over-year growth for 28 consecutive months. Despite the national downturn, San Jose rents are 1.8% higher than last year and sit just 2.5% below their August 2025 peak.Markets Where Rent Relief Is Within 3% of Peak and A New All-time High is On the HorizonMarketMedian
Asking
RentYYPeak MonthPeak Rent% from
peak$ from peakVirginia Beach-Chesapeake-Norfolk, Va.-N.C.$1,6204.5 %August 2022$1,648-1.7 %-$28Kansas City, Mo.-Kan.$1,3871.0 %June 2025$1,412-1.8 %-$25Baltimore-Columbia-Towson, Md.$1,8100.8 %August 2022$1,855-2.4 %-$45San Jose-Sunnyvale-Santa Clara, Calif.$3,3311.8 %August 2025$3,417-2.5 %-$86Richmond, Va.$1,5072.0 %July 2023$1,549-2.7 %-$42National Rent Trends by Unit Size
Median rents declined across all unit categories in February, with two-bedroom units continuing to see the most significant year-over-year percentage drops.National Rents by Unit Size, February 2026Unit SizeMedian RentRent YoYConsecutive
Months of
DeclineTotal Decline
from PeakRent Change -
6 YearsOverall$1,667-1.7 %30-5.1 %14.2 %Studio$1,393-0.4 %30-5.8 %8.9 %1-Bedroom$1,548-1.5 %33-6.6 %12.3 %2-Bedroom$1,844-1.9 %33-5.8 %15.9 %AppendixMarketMedian
Asking RentYY% from
pre-
pandemic% from peak$ from peakPeak MonthAtlanta-Sandy Springs-Roswell, Ga.$1,543-2.00 %7.23 %-15.2 %-$277October 2021Austin-Round Rock-San Marcos, Texas$1,357-7.10 %6.26 %-18.2 %-$302September 2022Baltimore-Columbia-Towson, Md.$1,8100.80 %12.49 %-2.4 %-$45August 2022Birmingham, Ala.$1,125-3.40 %3.97 %-17.1 %-$232July 2022Boston-Cambridge-Newton, Mass.-N.H.$2,841-3.30 %11.24 %-6.4 %-$193July 2024Buffalo-Cheektowaga, N.Y.NANANANANANACharlotte-Concord-Gastonia, N.C.-S.C.$1,479-2.80 %14.12 %-8.4 %-$136July 2022Chicago-Naperville-Elgin, Ill.-Ind.-Wis.$1,794-0.20 %11.57 %-4.3 %-$80August 2023Cincinnati, Ohio-Ky.-Ind.$1,268-2.00 %5.67 %-8.9 %-$124October 2024Cleveland-Elyria, Ohio$1,209-0.70 %23.24 %-3.8 %-$48July 2024Columbus, Ohio$1,190-0.50 %17.59 %-3.4 %-$42July 2024Dallas-Fort Worth-Arlington, Texas$1,408-3.70 %11.92 %-10.1 %-$158July 2022Denver-Aurora-Centennial, Colo.$1,720-4.20 %3.99 %-13.0 %-$258August 2023Detroit-Warren-Dearborn, Mich.$1,277-3.50 %8.04 %-6.0 %-$81September 2022Hartford-West Hartford-East Hartford, Conn.NANANANANANAHouston-Pasadena-The Woodlands, Texas$1,344-2.40 %9.18 %-6.3 %-$90August 2023Indianapolis-Carmel-Anderson, Ind.$1,281-0.20 %27.97 %-4.4 %-$59June 2024Jacksonville, Fla.$1,456-3.40 %21.84 %-11.9 %-$197June 2022Kansas City, Mo.-Kan.$1,3871.00 %24.06 %-1.8 %-$25June 2025Las Vegas-Henderson-Paradise, Nev.$1,423-1.80 %17.60 %-14.8 %-$248June 2022Los Angeles-Long Beach-Anaheim, Calif.$2,709-1.90 %9.85 %-6.3 %-$182September 2023Louisville/Jefferson County, Ky.-Ind.$1,210-2.20 %17.70 %-7.0 %-$91July 2024Memphis, Tenn.-Miss.-Ark.$1,140-3.80 %11.44 %-16.1 %-$219July 2022Miami-Fort Lauderdale-West Palm Beach, Fla.$2,235-3.30 %32.80 %-12.4 %-$315July 2022Milwaukee-Waukesha, Wis.$1,639-0.10 %12.26 %-3.0 %-$50June 2024Minneapolis-St. Paul-Bloomington, Minn.-Wis.$1,482-1.20 %1.30 %-4.9 %-$77August 2024Nashville-Davidson–Murfreesboro–Franklin, Tenn.$1,457-4.50 %14.63 %-13.9 %-$236July 2023New Orleans-Metairie, La.$1,191-4.50 %9.37 %NANANANew York-Newark-Jersey City, N.Y.-N.J.-Pa.$2,8940.80 %25.01 %-1.7 %-$51June 2024Oklahoma City, Okla.$983-1.20 %4.57 %-6.8 %-$72February 2023Orlando-Kissimmee-Sanford, Fla.$1,636-2.20 %19.94 %-8.7 %-$155July 2022Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.$1,713-2.60 %6.40 %-6.4 %-$118August 2023Phoenix-Mesa-Scottsdale, Ariz.$1,427-4.40 %13.43 %-15.6 %-$263June 2022Pittsburgh, Pa.$1,4260.40 %31.07 %-4.6 %-$69September 2025Portland-Vancouver-Hillsboro, Ore.-Wash.$1,629-1.20 %11.96 %-8.1 %-$144July 2024Providence-Warwick, R.I.-Mass.$1,966-2.60 %23.18 %-6.6 %-$139July 2024Raleigh, N.C.$1,437-1.50 %19.45 %-13.4 %-$222July 2022Richmond, Va.$1,5072.00 %24.65 %-2.7 %-$42July 2023Riverside-San Bernardino-Ontario, Calif.$2,059-3.30 %15.09 %-8.8 %-$199October 2022Rochester, N.Y.$1,3341.50 %22.50 %NANANASacramento-Roseville-Folsom, Calif.$1,823-1.90 %21.21 %-7.0 %-$137August 2024San Antonio-New Braunfels, Texas$1,188-4.00 %14.89 %-12.6 %-$171December 2022San Diego-Chula Vista-Carlsbad, Calif.$2,626-3.70 %9.74 %-14.3 %-$438August 2022San Francisco-Oakland-Fremont, Calif.$2,7680.90 %-3.96 %-7.4 %-$221July 2022San Jose-Sunnyvale-Santa Clara, Calif.$3,3311.80 %4.06 %-2.5 %-$86August 2025Seattle-Tacoma-Bellevue, Wash.$1,905-1.90 %1.82 %-11.7 %-$253July 2022St. Louis, Miss.-Ill.$1,280-1.80 %21.44 %-6.2 %-$84August 2024Tampa-St. Petersburg-Clearwater, Fla.$1,675-3.70 %34.75 %-7.9 %-$144June 2022Virginia Beach-Chesapeake-Norfolk, Va.-N.C.$1,6204.50 %31.28 %-1.7 %-$28August 2022Washington-Arlington-Alexandria, D.C.-Va.-Md.-W. Va.2,266-0.70 %15.61 %-3.0 %-$70June 2025Methodology
Rental data as of February 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/realtorcom-rent-report-us-median-rents-hit-four-year-low-as-market-records-30th-consecutive-month-of-decline-302714949.htmlSOURCE Realtor.com

Original: Realtor.com® Rent Report: U.S. Median Rents Hit Four-Year Low as Market Records 30th Consecutive Month of Decline

News Corp Hosts Dow Jones Investor BriefingMarch 16, 2026 5:30 PM
Business Wire
Leadership Outlines Strategic Pathway to Achieve $1 Billion in Annual Dow Jones Segment EBITDA Within Five Years—70% Above Fiscal 2025 Levels


Presentation Details Dow Jones’s Transformation into a Global News, Data and Information Services Leader


News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today detailed the profound transformation of Dow Jones during an Investor Briefing, and detailed a pathway to $1 billion in annual Dow Jones segment EBITDA within five years. The presentation underscored how the business has transcended its legacy roots to become a distinct authority in news and business intelligence, strategically positioned to thrive in an era where trusted data is at a premium.


Dow Jones has been a key driver—along with Digital Real Estate Services and Book Publishing—of News Corp’s 11 successive quarters of year-over-year Total Segment EBITDA growth. Between fiscal 2018 and 2025, Dow Jones has delivered:



A transformed revenue base that is 82% digital (vs. 60% in Fiscal 2018) and 80% recurring (vs. 69% in Fiscal 2018)



17% compound annual segment EBITDA growth



Nearly doubling of margin to 25.2%



At the briefing, executives shared a pathway to $1 billion in segment EBITDA within five years, along with key drivers:



Accelerating Risk & Energy businesses, which we expect to drive margin expansion



Accelerating direct-to-consumer offerings with new products and pricing



Sharp focus on high-margin enterprise news



Continuing cost discipline and operating leverage



“News Corp has spent the last decade structurally reinventing itself into a majority digital enterprise, successfully pivoting from a reliance on advertising to a high-growth model defined by recurring revenues and record profitability,” said Robert Thomson, Chief Executive of News Corp. “In this Age of AI, we are an Input company. Just as semiconductors and energy power the physical world, our authoritative editorial is an essential input for the digital world. Our revenues and profitability have been growing, and will be enhanced by these lucrative new monetization opportunities from large AI models and the plethora of new AI products.”


“We are excited to tell the Dow Jones growth story. Dow Jones is a news, data and intelligence powerhouse. We offer reliable and trusted information to help our customers make informed decisions,” said Almar Latour, CEO of Dow Jones and Publisher, The Wall Street Journal. “As the world is seeing more change than it has in generations – from geopolitics and markets to energy and technology – demand for reliable news, data and intelligence is greater than ever. That’s even more true in the era of AI, which is only just beginning. As AI models are rippling from industry to industry, their output is only as good as their input, which is where Dow Jones comes in. We deliver trusted business news, deep energy markets data, cutting edge geopolitical intelligence and unrivaled proprietary risk and compliance data. We’re simply indispensable.”


A replay of the Dow Jones Investor Briefing and the accompanying presentation materials are available on the News Corp Investor Relations website at investors.newscorp.com.


Forward-Looking Statements


This release and the related Dow Jones Investor Day presentation contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding News Corp and Dow Jones’s strategy, strategic initiatives and growth opportunities, as well as cost savings initiatives, financial targets, and the outcome of contingencies. All statements that are not statements of historical fact are forward-looking statements. The words “expect,” “estimate,” “anticipate,” “predict,” “outlook,” “believe,” “will,” “should,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to the risks, uncertainties, and other factors described in the Company’s filings with the Securities and Exchange Commission (SEC). The forward-looking statements in this release and the related presentation are made only as of the date of such statements. Neither News Corp nor Dow Jones undertakes any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, and each expressly disclaims any such obligation, except as required by law or regulation.


About News Corp


News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at newscorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260316717217/en/
News Corp Corporate Communications

Arthur Bochner

646-422-9671

abochner@newscorp.com
News Corp Investor Relations

Michael Florin

212-416-3363

mflorin@newscorp.com


Original: News Corp Hosts Dow Jones Investor Briefing

Realtor.com® and the National Association of REALTORS® Join Forces for Disaster Housing ReliefMarch 14, 2026 4:28 PM
PR Newswire (US)

As the REALTORS® Relief Foundation marks 25 years, the organizations deepen their commitment to helping families rebuild after disaster – and call on the community to help drive the next chapter of impactAUSTIN, Texas and WASHINGTON, March 14, 2026 /PRNewswire/ -- Realtor.com® and the National Association of REALTORS® today announced a joint effort to support and amplify the work of the REALTORS® Relief Foundation as it marks 25 years of providing housing assistance to families impacted by disasters nationwide.







The announcement was made during SXSW in Austin, Texas, where leaders highlighted the essential role stable housing plays in protecting financial security and preserving generational wealth. As part of the event, Realtor.com®'s Chief Consumer & Marketing Officer Mickey Neuberger presented a $100,000 contribution to RRF Immediate Past President Mike McGrew to support RRF's disaster relief efforts and pledged to help raise awareness and encourage additional donations throughout the foundation's anniversary year. With today's donation, and additional promised support throughout the year, Realtor.com® will become RRF's largest contributor in 2026 at the Vanguard Club level.Founded in the wake of the September 11 attacks, RRF provides grants to help families cover mortgage payments, rent and temporary housing expenses in the aftermath of natural and other disasters. NAR underwrites 100% of administrative costs, ensuring every dollar donated goes directly to housing assistance for disaster victims. Since 2001, the foundation has distributed more than $52 million in aid and helped more than 30,000 families nationwide."For 25 years, the REALTORS® Relief Foundation has shown up for communities when they need it most, helping people keep a roof over their heads in the aftermath of disaster," said Neuberger. "Homeownership is one of the most powerful drivers of generational wealth, but disasters can threaten that stability overnight. We're proud to support RRF's work and to stand alongside REALTORS® across the country to help ensure that a temporary crisis doesn't become a permanent setback."As part of the joint effort, Realtor.com® will work with RRF throughout its 25th anniversary year to elevate stories of impact, drive industry-wide awareness, and encourage additional support from real estate professionals, the industry and consumers. By joining RRF at this milestone moment, Realtor.com® aims to help extend the foundation's reach so that more families can access short-term housing assistance when they need it most."As RRF marks 25 years of impact, Realtor.com®'s support strengthens our ability to deliver hope and housing when families need it most and helps to propel RRF into a new era of service and resilience," said RRF President Greg J. Hrabcak.Less than a year ago, flooding devastated communities in West Virginia. In the aftermath, RRF grants helped local families cover housing costs while they repaired and rebuilt – reinforcing the foundation's long-standing mission to provide a bridge between disaster and recovery."So many people take advantage of people in dark situations, and this was the opposite of that – this was light and life," said Sandi Blankenship, the mother of a West Virginia homeowner and RRF grant recipient. "You'll never find enough time for me to sing the praises of what this team of REALTORS® came in here and did."In recognition of the RRF's 25th anniversary, the organizations are inviting the broader real estate community, professionals and consumers to join in supporting its mission. To contribute, visit fundraise.givesmart.com/vf/RDCRRF26 or text RDCRRF26 to 71777. Realtor.com® will provide a dollar-for-dollar match for all eligible donations through May 31, up to $100,000. This commitment is in addition to today's contribution, bringing the total potential funding for the initiative to $200,000.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.About the REALTORS® Relief Foundation
RRF is a 501(c)(3) nonprofit that exists to provide financial housing assistance to the public after disasters. In its 25 years of existence, more than $52 million in aid has helped more than 30,000 families. RRF is supported generously by the REALTOR® organization family. Local and state REALTOR® associations partner with RRF as they mobilize REALTORS® in their locale to assist those in need. NAR covers all administrative costs allowing 100% of donations to be used for disaster relief.About the National Association of REALTORS®
As America's largest trade association, the National Association of REALTORS® is involved in all aspects of residential and commercial real estate. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor.Media Contacts:
Realtor.com®: Sara Wiskerchen, press@realtor.com
NAR: Spencer High, media@nar.realtor



View original content to download multimedia:https://www.prnewswire.com/news-releases/realtorcom-and-the-national-association-of-realtors-join-forces-for-disaster-housing-relief-302713989.htmlSOURCE Realtor.com

Original: Realtor.com® and the National Association of REALTORS® Join Forces for Disaster Housing Relief

The $119,000 Early Buy Advantage: Realtor.com® Report Finds Home Purchase Timing Reshapes Generational WealthMarch 12, 2026 6:00 AM
PR Newswire (US)

Buying a home by age 30 associated with 22.5% higher net worth by midlife; Realtor.com® launches "HomeGrown" advocacy campaign to address widening affordability gap AUSTIN, Texas, March 12, 2026 /PRNewswire/ -- The path to the American Dream is increasingly defined by timing, according to the newly released Generational Wealth Report from Realtor.com®. The report reveals a stark "wealth multiplier" for those able to enter the market early: households that purchase their first home by age 30 see a 22.5% higher net worth—an average of $119,000 more—by age 50 compared to those who wait until their 40s.However, achieving that early entry has become significantly more difficult. In 1990, the median age of a first-time homebuyer was 30; by 2025, that age had climbed to 40. This decade-long delay is driven by home prices rising nearly twice as fast as incomes, causing the typical time required to save for a down payment to balloon from approximately three years in 1990 to nearly 10 years in 2025.In 1990Today (2025) Median home price: $96,800Median household income: $31,000Price-to-income ratio: 3.11Typical first-time buyer down payment: 8.5% ($8,200)Years to save for down payment (at prevailing savings rate): 3.2Median age at first home purchase: 30  Median home price: $418,000 (+331.8%)Median household income: $85,000 (+174.2%)Price-to-income ratio: 4.9Typical first-time buyer down payment: 10% ($41,800)Years to save for a down payment: 9.7 Median age at first home purchase: 40  "Homeownership has long been a cornerstone of financial security in the U.S., and our analysis shows that laying that foundation sooner can have big impacts," said Danielle Hale, chief economist at Realtor.com®. "Earlier entry into the market doesn't just provide a place to live; it catalyzes broader balance-sheet growth. By gaining more years for appreciation and mortgage paydown, early homebuyers build a foundation of wealth that supports opportunities that cascade into the next generation. The widening affordability gap isn't just a hurdle for today's buyers, it's a structural challenge to economic mobility that compounds over decades."Introducing HomeGrown: A New Advocacy Campaign from Realtor.com®Launched at the Realtor.com®  SXSW activation, Realtor.com® today announced the start of HomeGrown, a national advocacy campaign dedicated to leading a conversation around the intersection of generational wealth and homeownership and the importance of keeping the path to homeownership open for future generations. As we face a growing housing shortage of 4 million homes, HomeGrown focuses on addressing the barriers that have pushed the U.S. homeownership rate down to 65.7%, a significant drop from the pandemic-era high."Homeownership has long been one of the most reliable ways families build and pass on wealth, shaping a family's financial security for decades to come. Yet today, too many young people are stuck on the sidelines, because buying a home has become increasingly out of reach," said Damian Eales, chief executive officer, Realtor.com®. "With HomeGrown, we're shining a light on what's at stake if we don't keep the path to ownership open, not just for today's buyers, but for their children and grandchildren. We aim to spark a national conversation – and ultimately national action – to keep the dream of homeownership, and the wealth it creates, open to all."The Benefit of Buying EarlyWhen it comes to creating long-term wealth, timing matters. When households are able to buy earlier, they gain more years for housing wealth to accumulate through appreciation and mortgage paydown, shaping financial outcomes not only for themselves but for the next generation. Differences that begin as a few years at the point of entry can compound into meaningful gaps in long-term wealth.Those who buy at age 30 have 22.5% greater net worth at age 50 compared to those who buy in their mid-to-late 40s, after controlling for income, education, and marital status. These differences reflect the cumulative effects of a longer accumulation window for early buyers. Earlier entry into homeownership provides more years for housing wealth to grow through appreciation and mortgage amortization, while also offering a degree of financial stability that supports saving and investment elsewhere on the balance sheet.Purchase AgeAdditional Net Worth at Age 50
Associated with Earlier PurchaseIllustrative $ Wealth Benefit (based on $530k sample mean age 50 net worth)Buy at age 28-32+22.5 %+$119,000Buy at age 33–37+11.2 %+$59,000Buy at age 38–42+1.5 %+$8,000Buy at age 43–52+0 %$0The Intergenerational Momentum of HousingHousing wealth is often "sticky," creating a self-reinforcing cycle of opportunity. The Realtor.com® analysis shows that children raised in homeowner households are 18.4 percentage points more likely to become homeowners themselves by age 35. Furthermore, homeowners are 1.3 times more likely than renters to anticipate leaving assets to the next generation. Family financial support can meaningfully accelerate the transition into homeownership. Households that receive an inheritance of at least $5,000 are about 2.5 times as likely to become homeowners as those who do not.This momentum, however, is not evenly distributed. Systemic barriers continue to result in persistent disparities; in 2025, the homeownership rate for White households stood at 75.1%, compared to just 44.2% for Black households and 48.7% for Hispanic households. Access to family assistance has become a critical bridge, with one in five first-time buyers reporting they received a gift or loan from family or friends to cross the threshold into ownership, according to data from the National Association of REALTORS®.A Narrowing Window for WealthThe "forced savings" mechanism of a mortgage acts as a unique wealth-building tool. Across every Survey of Consumer Finances since 1989, homeowners have maintained a median net worth 30 to 50 times higher than renters. When entry is delayed by 10 years, as seen in the shift from 1990 to 2025, buyers lose a decade of compound growth, significantly weakening their overall financial trajectory by midlife.Meaningfully closing the housing supply gap and supporting sustainable credit access are essential to shortening the timeline for first-time buyers. As the HomeGrown campaign gains momentum, Realtor.com® remains committed to spotlighting how keeping the path to homeownership open has lasting consequences for economic mobility across generations.Looking Forward, Policies That Expand Supply Are CriticalLooking ahead, policies that expand housing supply, support entry-level construction, improve access to sustainable credit, and reduce barriers for first-time buyers can help more households move from aspiration to access. Such policies are not only about today's buyers, but about the foundations laid for future generations. Not every household can buy immediately, but keeping the path to homeownership open, and shortening it where possible, has lasting consequences. When households can take that first step sooner, the benefits extend well beyond the moment of purchase, shaping economic mobility for generations to come."Homeownership remains a cornerstone of the American Dream," said Hale.  "Buying a home not only provides stability and a place to call one's own, but it also serves as one of the most reliable paths to building wealth in the United States. Over time, accumulated housing wealth can shape not only a household's financial security, but also the opportunities available to the next generation, affecting who can buy, when they can buy, and how much wealth they have time to build."MethodologyThis analysis uses data from the Panel Study of Income Dynamics (PSID), drawing on the harmonized PSID-SHELF wealth files, which provide consistent measures of household balance sheets, housing tenure, and demographics through 2021. All monetary values are expressed in real 2023 dollars. The adult sample includes individuals born between 1956 and 1971 who are observed around age 30 (closest interview between ages 28–32) and again around age 50 (closest interview between ages 48–52). To ensure consistent attribution of housing and wealth, the analysis is restricted to members of the reference couple (the household reference person or spouse/partner), as housing and wealth are measured at the family-unit level.Homeownership timing is measured as the cumulative number of calendar years spent renting after age 30, calculated using observed gaps between PSID interviews. Individuals are grouped into delay bins based on post-30 rental exposure, allowing comparison of wealth trajectories across different ownership timing paths.The primary outcome is net worth growth from age 30 to age 50. Home equity growth over the same period is analyzed separately to distinguish housing from non-housing wealth dynamics. Models are estimated using survey-weighted regressions that account for the PSID's complex sample design and control for baseline income, education, and marital status measured around age 30.To examine intergenerational patterns, children are linked to parents using PSID household and relationship identifiers. Childhood exposure to homeownership is defined as the share of years spent in an owner-occupied household between ages 0 and 17. Children are then followed into adulthood to assess homeownership by age 35 and age at first purchase, controlling for their own socioeconomic characteristics.Results are descriptive and associational but consistent with prior research on homeownership timing, wealth accumulation, and intergenerational transmission.Generations defined with birth years as follows: Greatest Generation (1901-1927), Silent Generation (1928-1945), Baby Boomers (1946-1964), Gen X (1965-1980), Millennials (1981-1996), Gen Z (1997-2007)About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com 



View original content:https://www.prnewswire.com/news-releases/the-119-000-early-buy-advantage-realtorcom-report-finds-home-purchase-timing-reshapes-generational-wealth-302711690.htmlSOURCE Realtor.com

Original: The $119,000 Early Buy Advantage: Realtor.com® Report Finds Home Purchase Timing Reshapes Generational Wealth

Luxury for Less: Realtor.com® Report Reveals the Top Metros for More Accessible High-End LivingMarch 10, 2026 6:00 AM
PR Newswire (US)

San Antonio leads the nation in accessible luxury, while Heber, Utah remains the steepest entry point at more than 6x the national thresholdAUSTIN, Texas, March 10, 2026 /PRNewswire/ -- The U.S. luxury housing market is showing signs of a seasonal floor, even as prices continue to soften on a year-over-year basis. The national luxury threshold rose to $1,205,081 in February, according to the Realtor.com® February Luxury Housing Report. While national entry-level luxury prices rose 1.0% month-over-month and slipped 3.1% from a year ago, the report highlights a significant opportunity for luxury for less, identifying several major markets where the financial threshold to enter the top tier is substantially lower than the national average.In a cluster of supply-rich markets across the South and Midwest, the barrier to entry for luxury is notably lower. San Antonio-New Braunfels, Texas, leads the nation with a luxury entry point of just $750,510. Conversely, in elite resort and coastal enclaves like Heber, Utah, and Bridgeport-Stamford, Conn., the bar for luxury can be five to six times higher than the national luxury median."We are seeing a continued recalibration in the luxury sector as we move into the spring season," said Danielle Hale, chief economist at Realtor.com®. "While the national threshold remains below year-ago levels, the monthly uptick across all luxury tiers from entry-level to ultra luxury suggests that pricing is beginning to find a firmer footing. However, what luxury means remains highly localized; in some metros, a buyer can reach the top tier for under $800,000, while in others, $3 million is barely the baseline."National Luxury OverviewPricingJanuary 2026Monthly ChangeYoY ChangeLuxury Threshold 90th Percentile$1,205,0811.0 %-3.1 %High-End Luxury Threshold 95th Percentile$1,987,5553.9 %-0.9 %Ultra Luxury Threshold 99th Percentile$5,767,7432.4 %-3.7 %Million-Dollar Listing Share12.6 %0.6pp-0.3ppThe Sun Belt: Lower Barriers to High-End Living
The report identifies Texas and the Sun Belt as the strongholds for more accessible luxury. Seven of the ten markets with the lowest luxury entry points are located in the South or Midwest. In these areas, expansive development and healthy inventory levels keep high-end pricing tethered to the broader market.San Antonio ($750K), Houston ($794K), and Dallas-Fort Worth ($952K) all feature luxury thresholds under the $1 million mark. Houston stands out for its market velocity, with luxury homes moving in just 54 days, signaling an active and deep buyer pool. In Orlando, the luxury threshold of $894K is just 2.2 times the local median, which is the tightest ratio in the country."Sun Belt metros allow new-construction luxury to proliferate because land is more available," said Anthony Smith, senior economist at Realtor.com®. "In these markets, the luxury tier hasn't detached from the median home price. A buyer in San Antonio or Charlotte can achieve a luxury lifestyle for a fraction of what they would pay in coastal hubs, often getting significantly more square footage in the process."Markets With the Lowest Luxury Entry Points (Top 10)RankAreaMetro/Micro10% Most
Expensive
Listings
Start at:10% Most
Expensive
YoY10% Most
Expensive
Days on
MarketAverageAnnual
Million-Dollar
 Listings CountMultiple to
Median Listing
Price0USACountry$1,205,081-3.1 %8313,453031San Antonio-New
Braunfels, TexasMetro$750,510-4.1 %1107712.32Houston-Pasadena-
The Woodlands,
TexasMetro$794,1702.4 %542,1002.33Orlando-Kissimmee-
Sanford, Fla. Metro$893,6712.8 %941,0682.24Charlotte-Concord-
Gastonia, N.C.-S.C.Metro$898,8402.2 %958462.25Philadelphia-
Camden-
Wilmington, Pa.-
N.J.-Del.-Md.Metro$899,465-0.1 %719392.56Chicago-Naperville-
Elgin, Ill.-Ind.Metro$909,884-4.8 %441,3372.67Jacksonville, Fla.Metro$923,845-2.3 %848102.48Atlanta-Sandy
Springs-Roswell,
Ga.Metro$925,8523.4 %552,2992.39Dallas-Fort Worth-
Arlington, TexasMetro$951,6792.4 %622,7012.310Minneapolis-St.
Paul-Bloomington,
Minn.-Wis.Metro$1,050,3862.7 %827902.5High-Bar Markets: Mountains, Coasts, and Constraints
At the other end of the spectrum, Heber, Utah, retains its title as the nation's steepest luxury entry point at $7,250,000. Driven by proximity to Park City and premier ski resorts, Heber's luxury floor is more than six times the national benchmark.Coastal constraints continue to define pricing in California and the Northeast. Bridgeport-Stamford-Danbury, Conn., features a luxury multiple of 5.5x the local median, which is the widest divide in the nation. This reflects a deeply bifurcated market where Greenwich estates exist in a different economic reality than inland communities. Meanwhile, California claims four of the top ten most expensive spots (Los Angeles, San Jose, Santa Rosa, and Oxnard), even as these markets continue a year-over-year price recalibration.Markets With the Highest Luxury Entry Points (Top 10)RankAreaMetro/Micro10% Most
Expensive
Listings Start
at:10% Most
Expensive
YoY10% Most
Expensive Days
on MarketAverage
Annual Million-
Dollar Listings
CountMultiple to
Median Listing
Price0USACountry$1,205,081-3.1 %8313,453031Heber, UtahMicro$7,250,0001.4 %858804.42Key West-Key
Largo, Fla.Micro$5,004,5002.3 %958303.83Bridgeport-Stamford-
Danbury, Conn.Metro$4,259,000-11.5 %775395.54Kahului-Wailuku,
HawaiiMetro$4,232,400-6 %917143.95Los Angeles-Long
Beach-Anaheim,
Calif.Metro$4,214,620-10. %599,33646Naples-Marco
Island, Fla.Metro$3,717,175-1.5 %882,4025.17San Jose-
Sunnyvale-Santa
Clara, Calif.Metro$3,496,250-5.4 %261,0482.68Santa Rosa-
Petaluma, Calif.Metro$3,272,500-7.8 %1185093.39New York-Newark-
Jersey City, N.Y.-
N.J.Metro$3,107,220-6.4 %11511,5724.110Oxnard-Thousand
Oaks-Ventura, Calif.Metro$3,000,000-16.7 %606663.2New York and California: Signs of Stabilization
While the most expensive markets mostly saw year-over-year declines, data suggests the rate of descent is slowing. In the New York-Newark-Jersey City metro, the luxury entry point ($3.1M) has increased in five of the last six months, hinting that prices may be finding a floor despite a longer 115-day median selling time. In Silicon Valley, San Jose remains the outlier for speed; despite a $3.5M entry point, luxury homes sell in a median of just 26 days.Methodology
All data in this report is sourced from Realtor.com® listing trends as of February 2026, reflecting active inventory of existing homes, including single-family residences, condos, townhomes, row homes, and co-ops. Listings reflect only those posted on MLS platforms that provide listing feeds to Realtor.com. New-construction listings are excluded unless actively listed on participating MLSs.Luxury segmentation is based on market-specific price percentiles, with the 90th percentile representing entry-level luxury, the 95th percentile marking high-end luxury, and the 99th percentile indicating ultraluxury. All calculations are based on listing prices, not final sales prices.Metropolitan and micropolitan areas are defined using the Office of Management and Budget's OMB-2023 delineations, with Claritas 2025 household estimates used for relative comparisons. Where appropriate, we limited analysis to metros or micros with a minimum threshold of active million-dollar listings on average over the past year to ensure meaningful comparisons.Historical listing trend data extends to July 2016, but year-over-year comparisons in this report use February 2025 as the baseline.Luxury by the Numbers90th percentile = Entry-level luxury (top 10% of prices)95th percentile = High-end luxury99th percentile = Ultraluxury (often rare or custom properties)About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/luxury-for-less-realtorcom-report-reveals-the-top-metros-for-more-accessible-high-end-living-302708428.htmlSOURCE Realtor.com

Original: Luxury for Less: Realtor.com® Report Reveals the Top Metros for More Accessible High-End Living

Inventory Recovery is Plateauing: Realtor.com® February Monthly Housing ReportMarch 5, 2026 6:00 AM
PR Newswire (US)

Time on Market Grew by 4 Days, Marking Nearly Two Years of Slowing Sales Pace as Median List Price Fell 2.0% Year-over-Year.AUSTIN, Texas, March 5, 2026 /PRNewswire/ -- The housing market continued to rebalance in February, with inventory growing for a 28th consecutive month of year-over-year gains; however, the pace of improvement continued to cool, highlighting a recovery that is losing steam and remains uneven across regions and price points, according to the February Monthly Housing Report from Realtor.com®. This report also found in February, new listings grew 2.4% year over year, with declines in the storm-hit Northeast and stronger gains elsewhere."Inventory has improved for more than two years, but the momentum has faltered in recent months," said Danielle Hale, chief economist, Realtor.com®. "Supply gains have been concentrated in the South and West and skewed toward homes priced below $500,000. While the Northeast and Midwest have seen growth, they remain significantly undersupplied. As we move toward the spring buying season with mortgage rates near 3.5-year lows, a key question is whether this thaw spurs more buyers or more sellers."Active listings climbed 7.9% year over year in February, reaching 914,860 homes on the market. While inventory typically rises early in the year and ticks up 0.2% month over month, annual growth has slowed for nine straight months since peaking last spring. Nationally, housing supply remains 16.8% below typical 2017–2019 levels, a modest improvement from 17.2% in January, with the Northeast and Midwest still facing substantial shortfalls.MetricFeb-26Change overJan. 2026
(MoM)Change over
Feb. 2025
(YoY)Change over
Feb. 2019Change over Feb.
2022Median listing price$403,4500.9 %-2.1 %36.3 %4.9 %Active listings914,8600.2 %7.9 %-17.0 %164.0 %New listings362,18010.0 %2.4 %-11.7 %-1.7 %Median days on market70-94-529Share of active listings
with price reductions15.5 %1.2-1.3-0.210.1Median List Price Per Sq.Ft.$2231.2 %-1.9 %51.9 %8.6 %Where inventory is growing — and where it's notAll four major U.S. regions posted annual inventory gains in February, led by the West (+11.3%) and Midwest (+10.0%), followed by the South (+6.9%) and Northeast (+3.8%). Yet the longer-term recovery tells a different story. Compared with pre-pandemic norms, inventory in February remained 56.8% lower in the Northeast and 39.5% lower in the Midwest. In contrast, the South (-0.6%) and West (+1.1%) are now roughly in line with 2017–2019 levels.At the metro level, 43 of the 50 largest markets saw inventory growth from a year ago, with the sharpest increases in Seattle (+38.5%), Louisville, Ky. (+27.3%) and San Jose, Calif. (+24.8%). Four metros, Denver (+81.9%), San Antonio (+69.4%), Seattle (+66.7%), and Austin, Texas (+52.2%), now have at least 50% more homes for sale than before the pandemic. Meanwhile, seven markets, including Hartford, Conn. (-82.1%) and Providence, R.I. (-61.1%), remain more than 50% below pre-pandemic inventory levels.Since early 2024, inventory gains have been most pronounced at lower price tiers, particularly in the South and West. Homes priced under $500,000 have seen the strongest growth, underscoring both geographic and affordability divides in the housing recovery.Storms disrupt February listing activity in Northeast, Strong ElsewhereNew listings grew by 2.4% year over year in February, totaling 362,180 homes. While new listings rose 10.0% month over month, a typical seasonal pattern, activity was dampened by winter storms that swept much of the country in late January and again hit the East Coast in late February.Regionally, new listings rose in the Midwest (+7.4%), West (+5.8%), and South (+2.6%), but fell 7.8% in the storm-affected Northeast. Excluding the Northeast, new listings across the remaining regions were up 4.3% collectively, suggesting weather-related delays in the Northeast rather than a fundamental pullback in new seller activity.Pending home sales increased 4.2% year over year, the largest annual gain since November 2024, likely supported in part by mortgage rates dipping and remaining at their lowest levels since 2022 since around mid-January.Contract cancellations steadyDespite a more buyer-friendly backdrop, there are few signs that buyers are broadly walking away from deals in search of something better. In February, contract cancellations accounted for 7.2% of active listings, down slightly from a year earlier. Cancellations have fluctuated in recent years amid pandemic disruptions and mortgage rate volatility, tending to increase as uncertainty climbs or borrowing costs rise. So far, they have remained relatively stable through late 2025 and early 2026.As the spring housing season approaches, the market remains in transition, with more homes available than in recent years, but a recovery that continues to plateau and diverge across regions and price tiers.Momentum softens as homes take longer to sellHomes spent a median of 70 days on the market in February — four days longer than a year ago and marking the 23rd straight month of slowing sales pace on an annual basis. Still, homes are selling eight days faster than pre-pandemic norms.Nationally, the median list price fell 2.1% year over year to $403,450, while price per square foot declined 1.9%. Beneath the headline numbers, regional differences remain stark. Median list prices rose modestly in the Midwest (+0.2%) and were nearly flat in the Northeast (-0.1%), but declined in the South (-1.7%) and West (-2.2%). When adjusting for home size, price per square foot climbed 3.3% in the Northeast and 2.1% in the Midwest, even as it fell in the South and West.Price reductions remained elevated but were less common than a year ago. In February, 15.5% of listings featured a price cut, down from 16.8% last year. Price cuts were least common in the inventory-constrained Northeast (8.4%) and more prevalent in the South (17.6%) and West (16.0%).February 2026 Housing Overview of the 50 Largest MetrosMetroActive
Listing
Count YoYNew Listing
Count, YoYMedian List
PriceMedian List
Price, YoYMedian List
Price Per
SF, YoYMedian
Days on
Market, YoY
(Days)Price-
Reduced
SharePrice-
Reduced
Share, YoY
(Percentage
Points)Atlanta-Sandy Springs-Roswell, GA9.0 %-1.5 %$404,0521.3 %0.2 %-317.8 %-2.7Austin-Round Rock-San Marcos, TX14.8 %8.0 %$455,000-8.8 %-6.4 %1020.0 %-0.2Baltimore-Columbia-Towson, MD16.5 %-4.6 %$349,9000.0 %0.0 %413.2 %0.4Birmingham, AL10.0 %7.0 %$289,0001.4 %0.1 %-114.0 %-1Boston-Cambridge-Newton, MA-NH13.3 %-3.0 %$799,000-4.8 %1.0 %108.6 %-0.8Buffalo-Cheektowaga, NY-7.4 %16.8 %$249,9000.0 %4.9 %-135.7 %-0.3Charlotte-Concord-Gastonia, NC-SC24.6 %11.4 %$415,000-1.1 %-1.4 %1419.1 %-1.8Chicago-Naperville-Elgin, IL-IN-1.1 %1.4 %$349,9500.1 %1.8 %-310.3 %-0.1Cincinnati, OH-KY-IN20.7 %3.1 %$338,8414.3 %2.2 %214.2 %0.2Cleveland, OH7.8 %-2.4 %$241,220-0.2 %0.4 %312.5 %-0.5Columbus, OH8.9 %-3.0 %$349,9000.1 %-0.8 %617.6 %-0.8Dallas-Fort Worth-Arlington, TX6.5 %8.7 %$411,000-1.2 %-1.8 %121.0 %-1Denver-Aurora-Centennial, CO15.9 %8.1 %$564,995-1.3 %-3.0 %-618.4 %-4.4Detroit-Warren-Dearborn, MI20.6 %10.6 %$235,000-2.0 %0.9 %512.5 %1.4Hartford-West Hartford-East Hartford, CT-7.8 %-17.2 %$444,9502.6 %-1.2 %85.2 %-0.8Houston-Pasadena-The Woodlands, TX14.3 %1.5 %$349,999-2.2 %-2.4 %118.4 %0.7Indianapolis-Carmel-Greenwood, IN24.8 %8.4 %$309,9503.3 %6.7 %919.5 %-0.1Jacksonville, FL-12.0 %-10.3 %$382,000-1.6 %-2.8 %621.1 %-5.5Kansas City, MO-KS19.7 %26.8 %$394,9754.1 %1.4 %-1810.8 %0Las Vegas-Henderson-North Las Vegas, NV23.0 %2.3 %$464,950-1.1 %-2.5 %618.2 %-1Los Angeles-Long Beach-Anaheim, CA9.9 %-2.9 %$1,054,400-5.8 %-3.2 %511.8 %0Louisville/Jefferson County, KY-IN27.3 %3.9 %$300,000-3.2 %2.9 %016.2 %-0.8Memphis, TN-MS-AR9.0 %12.6 %$299,450-8.7 %-6.5 %817.2 %-2Miami-Fort Lauderdale-West Palm Beach, FL-3.2 %-12.1 %$499,999-2.9 %-2.1 %916.6 %-4Milwaukee-Waukesha, WI11.8 %25.6 %$372,450-0.7 %3.7 %310.3 %-1Minneapolis-St. Paul-Bloomington, MN-WI15.4 %10.6 %$422,400-2.9 %-1.2 %-210.5 %0.8Nashville-Davidson--Murfreesboro--Franklin, TN13.7 %10.0 %$527,225-0.4 %-0.9 %614.9 %-1.1New York-Newark-Jersey City, NY-NJ2.0 %-11.6 %$749,450-2.3 %-0.2 %-16.2 %0.3Oklahoma City, OK11.5 %11.7 %$315,0000.0 %-0.3 %618.3 %1.3Orlando-Kissimmee-Sanford, FL-0.2 %-8.9 %$415,000-0.9 %-2.4 %820.7 %-2.6Philadelphia-Camden-Wilmington, PA-NJ-DE-MD4.2 %-5.9 %$356,4251.8 %0.4 %111.1 %-0.7Phoenix-Mesa-Chandler, AZ11.3 %-0.6 %$494,998-3.9 %-1.9 %-128.2 %-2Pittsburgh, PA4.5 %-8.6 %$238,4504.1 %4.6 %413.0 %-1.2Portland-Vancouver-Hillsboro, OR-WA11.4 %23.4 %$572,400-4.3 %-2.0 %-821.8 %-0.8Providence-Warwick, RI-MA7.5 %-22.5 %$547,4502.3 %8.2 %109.2 %0.5Raleigh-Cary, NC15.2 %1.5 %$444,9612.1 %-0.9 %714.8 %-0.9Richmond, VA1.6 %14.2 %$429,9000.1 %2.0 %-19.3 %-1.2Riverside-San Bernardino-Ontario, CA1.7 %-4.0 %$588,389-1.8 %-1.1 %015.6 %-1.4Sacramento-Roseville-Folsom, CA8.2 %-0.9 %$601,795-2.8 %-0.4 %313.7 %0.3St. Louis, MO-IL10.8 %4.7 %$278,1750.5 %3.9 %212.4 %-0.3Salt Lake City-Murray, UT10.5 %26.9 %$550,000-2.6 %-2.2 %-918.8 %-1.7San Antonio-New Braunfels, TX15.3 %-2.9 %$319,990-2.1 %-4.1 %322.6 %-2.1San Diego-Chula Vista-Carlsbad, CA5.7 %-2.2 %$899,950-5.3 %-3.5 %413.6 %-1San Francisco-Oakland-Fremont, CA-4.0 %-8.3 %$907,0000.8 %-2.5 %-19.0 %-0.4San Jose-Sunnyvale-Santa Clara, CA24.8 %2.5 %$1,349,9753.5 %-0.9 %28.0 %0.8Seattle-Tacoma-Bellevue, WA38.5 %20.3 %$754,9502.4 %-0.1 %112.6 %1.4Tampa-St. Petersburg-Clearwater, FL5.3 %-11.2 %$399,9000.2 %-1.3 %1424.8 %-2.6Tucson, AZ11.9 %-5.2 %$386,500-2.4 %-0.9 %321.8 %-2.3Virginia Beach-Chesapeake-Norfolk, VA-NC0.3 %7.6 %$400,0001.9 %2.3 %113.7 %-2.3Washington-Arlington-Alexandria, DC-VA-MD-WV21.1 %11.8 %$550,000-5.2 %-5.0 %59.8 %-1Methodology
Realtor.com housing data as of February 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.Beginning with our April 2025 report, we have transitioned to a revised national pending home sales data series that applies enhanced cleaning methods to improve consistency and accuracy over time. While the insights and commentary in this report reflect the new series, the downloadable data remains based on our legacy automated pipeline. As a result, there may be slight differences between the report figures and those in the national download file as we transition.With the release of its January 2025 housing trends report, Realtor.com® has restated data points for some previous months. As a result of these changes, some of the data released since January 2025 will not be directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports.Methodology for cancellations: A contract cancellation is counted if a listing was pending on one day and then back to active the next. It may miss a few that have been entirely delisted.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/inventory-recovery-is-plateauing-realtorcom-february-monthly-housing-report-302704575.htmlSOURCE Realtor.com

Original: Inventory Recovery is Plateauing: Realtor.com® February Monthly Housing Report

Housing Supply Gap Surpasses 4 Million Homes in 2025 as Construction Fails to Keep Pace With DemandMarch 3, 2026 6:00 AM
PR Newswire (US)

Cumulative deficit widens to 4.03 million homes; 1.82 million young households missing amid affordability constraintsAUSTIN, Texas, March 3, 2026 /PRNewswire/ -- The U.S. housing supply gap widened to an estimated 4.03 million homes in 2025, increasing from 3.8 million in 2024, according to the 2026 Housing Supply Gap Report from Realtor.com, as new construction once again fell short of household formation and pent-up demand from younger households persisted.In 2025, approximately 1.41 million households were formed, compared with 1.36 million housing starts. While the annual shortfall of roughly 50,000 units appears modest, it adds to more than a decade of underbuilding that has constrained supply, fueled home price growth and pushed homeownership further out of reach, particularly for younger Americans."Even when annual construction and household formation are roughly balanced, the market is still digging out from more than a decade of underbuilding," said Danielle Hale, chief economist at Realtor.com. "A supply gap exceeding 4 million homes underscores how deeply rooted the shortage has become. Without a sustained and targeted increase in housing supply, particularly in areas with strong job growth and persistent demand, affordability challenges will continue to sideline many would-be buyers."2025 marks the third-largest annual deficit since 2012, trailing only 2020 and 2023. Although the largest single-year gap occurred in 2020 during pandemic-related disruptions, recent deficits reflect more persistent structural imbalances between supply and demand and the difficulty of making sustained progress against the gap.Pent-Up Demand From Young Households Intensifies ShortageThe 2026 Supply Gap Report finds that 1.82 million Millennial and Gen Z households were "missing" in 2025, the highest count in 4 years. Among 18- to 44-year-olds, headship rates have declined over the past decade as high housing costs and limited supply have delayed independent living. The share of young adults living with parents was, on average, 2.7 percentage points higher by age than during the 2010–2014 period.Affordability remains a key barrier. In 2025, the minimum recommended income to purchase a median-priced starter home was approximately $86,000, about $8,000 lower than the prior year, largely due to improved mortgage rates. However, that threshold remains above the earnings of many younger households. The median down payment reached $30,400, representing 14.4% of the purchase price, and it would take a median-income household seven years to save for a typical down payment at today's savings rates.YearYearly HH
Formations
(Dec - Dec)Annual Housing
StartsHH vs Starts
DeficitPent-up 18-44
HouseholdsDeficit with pent-
up HH's2012973781-192-30-2222013-205925938651,00320142,0011,003-60-685-74520158801,112172-653-48120167711,174574-834-26020171,7851,203-8-731-73920182,2931,250-1,051-1,203-2,25420191,6521,290-1,413-1,471-2,88420201,7051,380-1,738-2,709-4,44720211,6361,601-1,773-2,027-3,80020222,0631,553-2,284-821-3,10520231,6651,420-2,529-1,783-4,31220249991,367-2,160-1,627-3,79020251,4101,359-2,212-1,816-4,028All measured in thousandsBecause headship includes both renters and homeowners, expanding affordable rental supply can also help ease constraints. Renting remains more affordable than purchasing a starter home in 49 of the 50 largest U.S. metro areas, reinforcing rental housing as a key pathway to independent household formation.Regional Gaps Persist, With Northeast Most Constrained Relative to ConstructionHousing supply conditions vary significantly by region. The South carries the largest cumulative deficit at 1.62 million homes, followed by the Northeast at 952,000, the Midwest at 865,000 and the West at 660,000.However, when measured against cumulative construction since 2012, the Northeast faces the most acute shortage, followed by the Midwest, the South and the West. The Northeast was also the only region to see improvement in both its missing young households and overall supply gap in 2025, supported by housing starts reaching their highest level since 2015. Even so, the region remains the most supply-constrained on a relative basis.Region2025 HH
Formations
(Ths.)2025
Housing
Starts (Ths.)2025 Pent-
up Demand
(Ths.)Cumulative
Supply Gap
(Ths.)Gap vs. New
Construction Since
2012Northeast21136.64629520.58Midwest283198.33428650.35South736723.87431,6220.18West2293003806600.16Construction Faces Headwinds Despite Elevated CompletionsApproximately 1.5 million homes were completed in 2025, a level that remains elevated by historical standards but below 2024's pace. Single-family completions were essentially flat year over year, while multifamily completions declined. Total housing starts were relatively stable overall, though single-family starts fell to roughly 940,000, the lowest level since 2019, while multifamily starts rose to 415,000.Builders continued to face structural challenges, including zoning restrictions, permitting hurdles, labor shortages and elevated material costs. Although the share of new home sales considered affordable rose from 45% in 2024 to 47% in 2025, and new home prices were steady year over year in the fourth quarter, affordability constraints continue to limit buyer activity.Even under an optimistic scenario in which construction increases 50% from the 2025 pace and pent-up demand fully dissipates, it would take roughly seven years to eliminate the current deficit.Meaningfully closing the housing supply gap will require sustained increases in construction and a focus on building in areas where demand is strongest. Expanding access to affordable housing supply remains essential to restoring market balance and ensuring future generations have a realistic pathway to homeownership."While construction levels remain elevated compared with historical norms, they are not yet high enough, or targeted enough, to meaningfully close the gap," said Hannah Jones, senior economic research analyst at Realtor.com. "The fact that it would take roughly seven years to eliminate the deficit even under an optimistic building scenario highlights just how significant and persistent this shortage has become."Combating the U.S. Housing Shortage and Let America BuildRealtor.com®'s Let America Build campaign continues to spotlight the urgent need to expand housing supply through policy and regulatory reform. Launched at SXSW in 2025, Let America Build advances the national conversation on affordability and new construction barriers, and calls on lawmakers, builders, advocates and communities to remove red tape, modernize zoning and streamline permitting to accelerate construction where it's needed most.Methodology
To arrive at yearly household formation, the increase in households between December in the previous year and the current year were calculated. This value was used as the number of household formations in the current year. Home starts, completions and permits refer to the total homes metric in the Census construction data, unless specifically referenced as single-family or multi-family, which includes both moderate- (2-4 unit) and high-density (5+ unit) multi-family. HMI and vacancy data were pulled and displayed as stated in the data source.To calculate pent-up demand, the headship rate was calculated by single-year age using IPUMS CPS data. The 'target' headship by age was set as the 2010 to 2014 average, and the resulting gap was calculated comparing 'target' headship to actual households.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/housing-supply-gap-surpasses-4-million-homes-in-2025-as-construction-fails-to-keep-pace-with-demand-302701775.htmlSOURCE Realtor.com

Original: Housing Supply Gap Surpasses 4 Million Homes in 2025 as Construction Fails to Keep Pace With Demand

Out-of-Town Shoppers Now Drive Demand in 87 of the Largest U.S. Markets, Realtor.com® ReportsFebruary 26, 2026 6:00 AM
PR Newswire (US)

Interest from out-of-market buyers has seen a structural shift since 2019, accounting for 61.9% of home views in Q4 2025AUSTIN, Texas, Feb. 26, 2026 /PRNewswire/ -- Cross-market home shopping continued to dominate the U.S. housing landscape in the final quarter of 2025. According to a new report from Realtor.com®, out-of-market shoppers accounted for 61.9% of online views for homes in the 100 largest metros, which is a significant shift from the 48.6% seen in the pre-pandemic era of 2019. While this search activity is down modestly from last year's 64.7% peak, the long-term trend highlights a more mobile and interconnected pool of home shoppers.Today, 87 of the largest 100 metros are driven primarily by out-of-market interest, leaving just 13 markets where local shoppers remain the majority of the audience."We have seen a fundamental change in where Americans who are shopping for a home are looking to live," said Danielle Hale, chief economist at Realtor.com®. "As the 'lock-in effect' keeps some owners from selling, those who are moving are increasingly untethered to the market they're currently in. Whether driven by a search for affordability in the Sun Belt or following the wave of AI-driven job opportunities in the Rust Belt and West, home shoppers are looking further afield than ever before."Sun Belt Remains the Top Target for Relocators
The Sun Belt remains the undisputed leader in non-local demand. In 2025 Q4, 87 of the largest 100 metros saw out-of-market demand outperform local interest, led by affordable, lifestyle-driven metros such as Cape Coral, Fla., Lakeland, Fla., and Durham, N.C.These markets stand out for their lower home prices relative to major coastal cities and their strong appeal to retirees. However, the report also notes that these areas are increasingly attracting investors and second or even third-home demand, which further lifts the share of non-local shoppers. Interestingly, the Hudson Valley, N.Y area has emerged as a rare Northeastern outlier, ranking among the top five markets for out-of-town demand as it attracts buyers seeking Hudson Valley affordability compared to the high costs of New York City.Top Markets Fueled by Out-of-Market Demand in 2025Q4RankMarket% Traffic from out-of-
market shoppers,
2025Q4% Traffic from
local shoppers,
2025Q4% Traffic from
out-of-market
shoppers,
2019Q4% Traffic from
local shoppers,
2019Q41Cape Coral-Fort Myers, Fla.82.5 %17.5 %73.8 %26.2 %2Lakeland-Winter Haven, Fla.79.8 %20.2 %69.9 %30.2 %3Durham-Chapel Hill, N.C.78.2 %21.8 %67.3 %32.7 %4North Port-Bradenton-Sarasota, Fla.77.8 %22.3 %67.5 %32.5 %5Kiryas Joel-Poughkeepsie-Newburgh, N.Y.77.5 %22.5 %64.6 %35.4 %6Deltona-Daytona Beach-Ormond Beach, Fla.77.4 %22.6 %69.1 %30.9 %7Charleston-North Charleston, S.C.75.8 %24.2 %64.7 %35.3 %8Allentown-Bethlehem-Easton, Pa.-N.J.75.7 %24.3 %61.0 %39.0 %9Augusta-Richmond County, Ga.-S.C.74.5 %25.5 %65.3 %34.7 %10Columbia, S.C. 74.3 %25.7 %64.8 %35.2 %The AI Migration: Tech Hubs Flipping to Out-of-Town Interest
One of the most striking findings in the Q4 report is the shift of 39 metros that were once locally dominated but are now seeing the majority of their interest come from out-of-town shoppers. San Francisco leads this charge, with a 25.4% surge in outside interest compared to six years ago."The top five metros experiencing the biggest shifts are seeing a surge in AI-driven jobs and data center expansions," said Jiayi Xu, economist at Realtor.com®. "San Francisco is seeing renewed outside interest fueled by AI, while Philadelphia and Pittsburgh are benefiting from multi-billion-dollar AI and cloud-focused data center investments across Pennsylvania. Meanwhile, booming data center and infrastructure projects in Omaha and Detroit are drawing more out-of-market shoppers to these fast-growing, opportunity-rich regions."Markets Experiencing the Largest Shifts: From Local-Renter Dominated to Out-of-Market Driven, 2025Q4 vs. 2019Q4RankMarket% Traffic
from out-of-
market
shoppers,
2025Q4% Traffic
from out-of-
market
shoppers,
2019Q4% Change in
out-of-market
share1San Francisco-Oakland-Fremont, Calif.58.7 %33.3 %25.4 %2Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.53.0 %28.0 %25.0 %3Pittsburgh, Pa.55.0 %30.5 %24.5 %4Omaha, Neb-Iowa59.7 %36.0 %23.7 %5Detroit-Warren-Dearborn, Mich.52.4 %29.2 %23.2 %The Holdouts: Where Local Shoppers Still Lead
Only 13 of the 100 largest metros remain locally dominated, where the majority of home views come from people already living in the area.High-Entry Barriers: In New York (73.7% local) and Washington, D.C. (60.6% local), high housing costs continue to limit entry from out-of-market shoppers.Market Loyalty: Chicago, Dallas, and Atlanta benefit from strong internal economies and job markets that keep residents shopping for their next home within their current metro.However, even in these strongholds, the dominance of the local shopper is fading. Each of these 13 markets has seen a declining share of local engagement compared to 2019, suggesting that out-of-market interest is playing an increasingly significant role nationwide.Top Markets Led by Local Shoppers in 2025Q4RankMarket% Traffic
from local
shoppers,
2019Q4% Traffic
from out-
of-market
shoppers,
2019Q4% Traffic
from local
shoppers,
2025Q4% Traffic from out-
of-market
shoppers, 2025Q41New York-Newark-Jersey City, N.Y.-N.J.81.9 %18.2 %73.7 %26.4 %2Chicago-Naperville-Elgin, Ill.-Ind.80.2 %19.8 %72.3 %27.7 %3Dallas-Fort Worth-Arlington, Texas74.4 %25.7 %68.0 %32.1 %4Atlanta-Sandy Springs-Roswell, Ga.67.1 %32.9 %61.4 %38.6 %5Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.67.9 %32.1 %60.6 %39.4 %Methodology
This report analyzes views of for-sale listings on the Realtor.com® marketplace in the largest 100 metros between October and December 2025. More data can be found here.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/out-of-town-shoppers-now-drive-demand-in-87-of-the-largest-us-markets-realtorcom-reports-302697415.htmlSOURCE Realtor.com

Original: Out-of-Town Shoppers Now Drive Demand in 87 of the Largest U.S. Markets, Realtor.com® Reports

Higher Rates Changed The Housing Market and These May Be the Rules Going Forward, New Realtor.com® ReportFebruary 23, 2026 6:00 AM
PR Newswire (US)

Housing Market Defined by New Dynamics, Where Higher Rates, Uneven Supply and High Prices Coexist, Challenging Affordability AUSTIN, Texas, Feb. 23, 2026 /PRNewswire/ -- January 2026 marks four years since interest rates started rising and created a shift that fundamentally altered how the U.S. housing market functions. A new report from Realtor.com® finds that the reset some expected never fully materialized. While higher mortgage rates did cool demand and bring more homes to market, they failed to deliver broad price relief, leaving affordability strained and market dynamics behaving differently than in the past.Four years into the high-rate era, the data suggest the housing market may be entering a more durable phase defined by higher borrowing costs, uneven supply and persistently elevated prices. According to Realtor.com®, falling rates could ease the lock-in effect and draw more sellers back to the market, but they may also reignite buyer demand, limiting meaningful affordability gains. These competing forces point to a future where housing remains structurally tighter, even as conditions evolve."Four years into this higher-rate environment, it's clear that the housing market recalibrated rather than reset," said Jake Krimmel, senior economist at Realtor.com®. "Supply and demand moved in the directions economic theory would suggest, but prices proved far more resilient than many anticipated, leaving today's affordability challenges firmly in place. "Looking forward, the real test is whether market activity can normalize without reigniting price pressure. That will depend on easing lock-in, stronger new listing growth, and fewer delistings."Since January 2022, mortgage rates climbed as high as 7.79% and currently sit near 6.10%. Over that same period, active inventory nationwide surged 142.1%, rebounding sharply from historically low levels. Yet despite a much higher cost of financing and a significant increase in available homes, national prices continued to rise. The median list price is up 8.1% compared to January 2022, while price per square foot has climbed 11.4%."These long-term price gains matter because they compound the affordability hit from higher mortgage rates," said Krimmel. "Even before factoring in borrowing costs, the price side of the equation adjusted much less than most expected, especially in the most supply-starved markets."Lock In Effect At Heart of Disconnect At the heart of this disconnect is the lock-in effect. Millions of homeowners remain anchored to ultra-low mortgage rates secured earlier in the decade, limiting the ability to sell. A recent Realtor.com analysis of outstanding mortgages shows that a substantial majority of homeowners still hold rates well below today's prevailing levels, over 50% of borrowers holding rates below 4%. For many households, moving would mean replacing a historically low mortgage with one nearly twice as expensive Looking ahead, the path out of the affordability bind remains uncertain. Falling rates could ease lock-in and bring more homes to market, but lower borrowing costs also risk reigniting demand, a potential catch-22 for buyers hoping for meaningful price relief."That's the tension in today's market," Krimmel said. "Lower rates could unlock more supply, but they could also bring buyers back faster than listings recover. The path to meaningful affordability relief depends on supply growing sustainably—not just demand returning. Lock-in removed a lot of discretionary buyers from the market, leaving a lot of people moving out of necessity who were less price sensitive. As those buyers eventually return and list their own home too, that will add some much needed liquidity to the market."Market is Defined by Deep Regional DifferencesThe inventory recovery itself has been anything but uniform. Western and Southern markets led the rebound, with active listings up 211% in the West and 178% in the South since January 2022. In metros like Dallas, Raleigh, Austin, Denver, Tampa, and Nashville, listings have increased by more than 350%, a dramatic reversal from the early pandemic shortage.In contrast, inventory growth has been far more muted in the Northeast (+23%) and Midwest (+68%). Some markets, including Chicago, Hartford, and New York, actually have fewer active listings today than they did four years ago.
An Uneven Recovery: Changes from January 2022-January 2026
Active Listings,
% Chg.Median List
Price, % Chg.Median List
PPSF, % Chg.Median Days
On Market,
Diff in DaysNew Listings,
% Chg.Price Reduced
Share, Pct. Pts.USA142.1 %8.1 %11.5 %191.7 %8.2Northeast22.4 %15.3 %17.5 %2-13.5 %2.8Midwest67.1 %22.0 %18.8 %11-10.3 %4.2South213.7 %7.4 %12.1 %239.1 %9.6West180.0 %2.2 %3.8 %302.7 %10.6Despite these stark regional differences, and despite the sheer volume of new supply in many metros, price declines remained rare and shallow. Only eight major metros posted declines in list price per square foot relative to January 2022: San Francisco, Austin, Denver, San Jose, San Antonio, Washington, D.C., Sacramento, and Miami. Across the top 50 markets, prices per square foot are higher today in 42 of them and up on average in every major region, led by the Midwest (+18.7%) and Northeast (+16.9%)."What we've learned is that the laws of supply and demand still apply, but the relationship has weakened," said Krimmel. "Even a flood of listings and much higher financing costs weren't enough to generate broad-based price relief."Four Years of Higher Rates Affects Home PricesOn the whole, and especially recently, inventory has grown due to longer time on market for existing listings rather than inflows of new listings. In 2021 and early 2022, new listings accounted for roughly 85% to 90% of active listings in a typical month nationwide. Homes moved quickly (59 days in Jan. 2022 compared to 78 days in Jan. 2026), and inventory turned over at an unusually rapid pace (well below the pre-pandemic January norm of 84 days). By January 2026, that ratio had fallen to just 36%.
Jan. 2022Jan. 2023Jan. 2024Jan. 2025Jan. 2026Ratio of New Listings to
Active Listings85.9 %46.5 %44.3 %39.4 %36.1 %Median Days on
Market5972697378"This shift indicates that the rise in active inventory has been driven less by a steady stream of new sellers entering the market and more by homes remaining listed for longer periods," said Krimmel.  "Sellers are patiently testing price levels and waiting for buyers, rather than pricing aggressively to move quickly."Delistings Act as a Backstop to Price DeclinesThroughout 2025, delistings increased substantially, acting as a sort of "emergency exit"  for sellers who would rather not face the reality of a shifting market. Across the last five Januaries, delistings have more than doubled as a share of active listings and quadrupled as a share of new listings.
Delistings as a share of:
Active ListingsNew ListingsJan. 20267.0 %32.0 %Jan. 20256.6 %24.3 %Jan. 20245.7 %19.2 %Jan. 20235.3 %17.8 %Jan. 20223.1 %8.4 %"In many cases, delisting reflects not seller distress but privilege, where today's homeowners sit on historically high levels of home equity and a strong majority have low fixed mortgage rates," said Krimmel. "That combination gives sellers flexibility and the luxury to list, delist, repeat until they get their price. As a result, rather than clearing, the market has a tendency to stall out."
An Uneven Recovery: Changes from January 2022-January 2026MetroActive Listings,
% Chg.Median List Price,
% Chg.Median List PPSF,
% Chg.Median Days
On Market,
Diff in DaysNew Listings,
% Chg.Price Reduced Share,
Pct. Pts.Atlanta-Sandy Springs-Roswell, GA170.2 %2.6 %5.1 %19-4.9 %10.7Austin-Round Rock-San Marcos, TX384.9 %-17.1 %-11.4 %4522.3 %9.7Baltimore-Columbia-Towson, MD83.9 %18.4 %11.4 %4-9.4 %4.4Birmingham, AL160.4 %9.5 %12.2 %1313.5 %8.9Boston-Cambridge-Newton, MA-NH61.8 %5.8 %7.7 %7-1.9 %5.3Buffalo-Cheektowaga, NY50.9 %21.0 %26.5 %-7-14.2 %3.3Charlotte-Concord-Gastonia, NC-SC291.1 %3.9 %9.3 %3915.8 %10.0Chicago-Naperville-Elgin, IL-IN-1.4 %9.4 %7.4 %1-28.6 %3.4Cincinnati, OH-KY-IN95.2 %10.5 %17.3 %22.8 %5.1Cleveland, OH40.9 %41.2 %34.8 %6-14.8 %6.0Columbus, OH131.9 %16.7 %14.6 %290.5 %8.5Dallas-Fort Worth-Arlington, TX365.4 %0.3 %2.8 %324.7 %12.0Denver-Aurora-Centennial, CO401.8 %-14.1 %-6.6 %4840.2 %16.0Detroit-Warren-Dearborn, MI63.3 %14.6 %10.0 %11-12.2 %3.7Grand Rapids-Wyoming-Kentwood, MI97.6 %22.8 %22.6 %15.5-12.8 %4.7Hartford-West Hartford-East Hartford, CT-8.6 %18.1 %23.0 %-7-38.9 %3.2Houston-Pasadena-The Woodlands, TX144.2 %-1.7 %0.5 %5-0.1 %6.5Indianapolis-Carmel-Greenwood, IN191.0 %9.0 %21.5 %26-2.5 %9.5Jacksonville, FL247.0 %0.0 %4.8 %3414.1 %15.4Kansas City, MO-KS133.5 %4.1 %9.5 %310.1 %6.4Las Vegas-Henderson-North Las Vegas, NV132.2 %0.0 %7.8 %34-12.5 %10.9Los Angeles-Long Beach-Anaheim, CA125.3 %11.4 %10.6 %22-2.1 %7.1Louisville/Jefferson County, KY-IN117.2 %13.2 %15.1 %120.3 %6.0Memphis, TN-MS-AR298.9 %36.4 %17.3 %3413.8 %12.6Miami-Fort Lauderdale-West Palm Beach, FL201.1 %1.0 %-0.3 %2712.5 %11.2Milwaukee-Waukesha, WI4.7 %40.4 %34.0 %8-11.4 %3.0Minneapolis-St. Paul-Bloomington, MN-WI50.0 %8.7 %5.2 %6-9.2 %5.7Nashville-Davidson--Murfreesboro--Franklin, TN429.4 %15.9 %11.5 %4535.0 %7.5New York-Newark-Jersey City, NY-NJ-0.8 %19.8 %19.2 %-3-11.6 %1.3Oklahoma City, OK232.9 %1.7 %6.0 %15-26.3 %10.5Orlando-Kissimmee-Sanford, FL343.0 %4.4 %7.8 %4514.5 %14.9Philadelphia-Camden-Wilmington, PA-NJ-DE-MD35.8 %16.7 %16.1 %3-13.5 %3.9Phoenix-Mesa-Chandler, AZ307.8 %-2.0 %3.1 %3813.9 %18.9Pittsburgh, PA52.2 %19.5 %17.3 %71.3 %1.9Portland-Vancouver-Hillsboro, OR-WA202.6 %4.5 %1.8 %28-4.8 %10.6Providence-Warwick, RI-MA46.3 %22.2 %23.9 %15-14.5 %4.7Raleigh-Cary, NC370.5 %3.4 %5.1 %4133.0 %11.4Richmond, VA99.1 %16.9 %20.6 %-12-14.3 %7.4Riverside-San Bernardino-Ontario, CA178.2 %7.3 %13.7 %30-1.8 %10.4Sacramento-Roseville-Folsom, CA112.0 %-3.4 %-0.6 %25-8.7 %7.7St. Louis, MO-IL66.8 %16.8 %14.2 %15-10.3 %5.6San Antonio-New Braunfels, TX240.1 %-5.8 %-5.0 %3210.0 %15.3San Diego-Chula Vista-Carlsbad, CA171.9 %6.0 %11.5 %17-9.5 %9.3San Francisco-Oakland-Fremont, CA55.5 %-9.5 %-13.4 %18-13.6 %4.7San Jose-Sunnyvale-Santa Clara, CA100.4 %-8.0 %-5.7 %17.9 %4.2Seattle-Tacoma-Bellevue, WA339.5 %6.6 %7.7 %39.59.0 %10.7Tampa-St. Petersburg-Clearwater, FL414.8 %3.8 %4.6 %4520.7 %19.1Tucson, AZ186.6 %5.5 %12.2 %2312.7 %13.2Virginia Beach-Chesapeake-Norfolk, VA-NC58.2 %27.4 %23.9 %173.9 %6.5Washington-Arlington-Alexandria, DC-VA-MD-WV97.2 %8.9 %-0.8 %10-9.0 %4.8Methodology
Realtor.com housing data as of January 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.Beginning with our April 2025 report, we have transitioned to a revised national pending home sales data series that applies enhanced cleaning methods to improve consistency and accuracy over time. While the insights and commentary in this report reflect the new series, the downloadable data remains based on our legacy automated pipeline. As a result, there may be slight differences between the report figures and those in the national download file as we transition.With the release of its January 2025 housing trends report, Realtor.com® has restated data points for some previous months. As a result of these changes, some of the data released since January 2025 will not be directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports. About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/higher-rates-changed-the-housing-market-and-these-may-be-the-rules-going-forward-new-realtorcom-report-302693895.htmlSOURCE Realtor.com

Original: Higher Rates Changed The Housing Market and These May Be the Rules Going Forward, New Realtor.com® Report

Welcome to Our Open House: Realtor.com® Announces SXSW 2026 Line UpFebruary 20, 2026 1:39 PM
PR Newswire (US)

The Two-Day "Open House" is THE Central Hub for Real Estate, Housing and Technology, featuring cookbook author and country music entertainer Hannah Dasher, music duo Dorio and more, at Realtor.com®'s East Austin HeadquartersAUSTIN, Texas, Feb. 20, 2026 /PRNewswire/ -- During SXSW 2026, Realtor.com® is turning its Austin headquarters into the ultimate neighborhood hub with the Realtor.com® Open House, a two-day experience designed to meet the festival where it lives: at the intersection of culture, innovation, and real-world impact.On Friday, March 13, the doors open to a relaxed Friday morning café featuring a live performance and recipe tasting with cookbook author and country music entertainer Hannah Dasher, followed by a mid-day early-stage startups competition, the PropTech Startup Showdown in collaboration with the National Association of REALTORS®, to an evening "House Warming Party" with musical duo Dorio, bringing together partners, press, creators, and industry leaders for music, conversation, and a distinctly Austin celebration. See more details below.On Saturday, March 14, the focus shifts from festival buzz to the forces shaping housing today and tomorrow. Programming and events dig into purpose-driven storytelling, the rising economic power of female homebuyers, and why homeownership remains central to Generational Wealth featuring leaders from Realtor.com®, GSD&M, Taylor Morrison, the National Association of REALTORS®, REALTORS® Relief Foundation, and beyond. Media are welcome to all events. See more details below."Our presence at SXSW is an extension of our commitment to the Austin community and the broader conversation around where we live," said Mickey Neuberger, Chief Consumer and Marketing Officer, Realtor.com®. "By hosting the Realtor.com® Open House at our own headquarters, we're creating a space where culture meets real estate. We want to bring media, partners and Austinites together to tackle serious topics like the path to prosperity through homeownership."Speakers and Guests include:Hannah Dasher, cookbook author and country music entertainerDorio, music duoMickey Neuberger, Chief Consumer and Marketing Officer at Realtor.com®Anna Marie Castiglioni, Head of Realtor.com® NextDanielle Hale, Chief Economist at Realtor.com®Sheryl Palmer, Chief Executive Officer at Taylor MorrisonLindsey Stanberry, Founder & CEO of The PurseDr. Jessica Lautz, Deputy Chief Economist at National Association of REALTORS®Jung Hyun Choi, The Urban InstituteColin Allen, Executive Director at American Property Owners AllianceEmily Girard, Austin Board of REALTORS®Erin Relford, Senior Privacy Engineer at GoogleTray Bates, Vice President of Governmental Affairs at Texas REALTORS®Jennifer Castenson, Vice President at BuildxactLine Up of Events
Friday, March 13, 2026Location: Realtor.com® Headquarters, 901 E. 6th Street, Austin, Texas10:00AM - Realtor.com® Open House: Work From Our Home. Kick off your SXSW day at Realtor.com®'s Austin office with a relaxed, drop-in café featuring a special appearance by Hannah Dasher, cookbook author and country music entertainer, celebrating the release of her new cookbook. Enjoy a live food tasting, followed by a live performance.2:00PM - PropTech Startup Showdown. Realtor.com® and National Association of REALTORS® Tech & Innovation bring a high-energy PropTech Startup Showdown to SXSW. Come watch as six early-stage startups take the stage to pitch bold ideas transforming residential and commercial real estate—spanning fintech, data & AI, agent solutions, property management tech, and more.5:00 - 8:00PM - Realtor.com® Open House: House Warming Party. Join us at our Austin office for a lively House Warming Party featuring a live performance by Dorio and a chance to win a Tecovas boot giveaway, plus drinks and bites Join partners, press, and industry leaders for an evening of great music, meaningful connections, and conversations about housing and the future of real estate.Saturday, March 14, 2026Location: Realtor.com® Headquarters, 901 E. 6th Street, Austin, Texas10:00AM - Realtor.com® x GSD&M: "Nearly Home" - How Storytelling Met Strategy to Drive Success. Hosted by Realtor.com® in partnership with GSD&M. We'll dig into the power of storytelling and what happens when creative, strategy, and talent truly align. Using the Nearly Home campaign as a starting point, the conversation will explore how purpose-aligned storytelling can drive real impact, not just attention. Invitation-only gathering for senior marketing and advertising leaders, register for an invitation.2:15PM - Panel Discussion - The Rising Power of the Female Homebuyer. Women are emerging as a driving force in real estate ownership, with single women now outpacing single men in home buying nationwide. This shift underscores a broader movement toward financial independence, stability, and long-term wealth creation. The conversation centers on the gender wealth gap, the growing economic power of women, and the pivotal role homeownership plays in unlocking opportunity across generations. Panelists include: Anna Marie Castiglioni, Head of Realtor.com® Next,, Sheryl Palmer, CEO, Taylor Morrison, and Lindsey Stanberry, Founder & CEO / The PurseThis panel will open with a spotlight on the REALTORS® Relief Foundation. Hear from leaders of the National Association of REALTORS® and Realtor.com® about how, for 25 years, the foundation has delivered critical housing assistance to families recovering from disasters nationwide – and why that mission remains as urgent as ever today.4:00PM - Panel Discussion - Why housing is key to the American Dream. Homeownership remains one of the most powerful drivers of generational wealth, shaping financial security, stability, and long-term opportunity. This panel will unpack the cost of waiting to buy a home, the rising influence of intergenerational transfers, and the different forms of wealth a home creates. Together, we'll explore what it will take to preserve homeownership as a pathway to prosperity for future generations. Panelists include: Danielle Hale, Chief Economist, Realtor.com®, Jessica Lautz, Deputy Chief Economist, National Association of REALTORS®Please note: We recommend coming early as space is limitedIf you are a member of the media and would like to attend any of the Realtor.com Open House events, please click here. For general RSVPs and more information, click here.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/welcome-to-our-open-house-realtorcom-announces-sxsw-2026-line-up-302693759.htmlSOURCE Realtor.com

Original: Welcome to Our Open House: Realtor.com® Announces SXSW 2026 Line Up

Realtor.com® Rent Report: U.S. Rental Market Now Firmly Renter-Friendly as Vacancy Rate Climbs to 7.6%February 17, 2026 6:00 AM
PR Newswire (US)

Average vacancy rate hits a multi-year high, strengthening renter advantage in 44 of the 50 largest metros AUSTIN, Texas, Feb. 17, 2026 /PRNewswire/ -- The U.S. rental market has officially tipped in favor of tenants. According to the Realtor.com® January Rental Report, the average rental vacancy rate across the nation's 50 largest metros climbed to 7.6% in 2025, a notable improvement from 7.2% in 2024. This surge in availability has transformed the market landscape: 44 out of the 50 largest metros are now either renter-friendly or balanced, leaving just six markets where landlords still hold the upper hand.As vacancy rates rise, costs are following suit and adjusting downward. January marked the 29th consecutive month of year-over-year rent declines, with the national median asking rent dipping 1.5% year-over-year to $1,672."After years of being squeezed by limited inventory, renters are finally seeing the supply wave work in their favor," said Danielle Hale, chief economist at Realtor.com®. "This shift doesn't just mean lower prices; it means that renters today have more options and more bargaining power. While the market isn't uniform everywhere, the broader trend is a move toward a much needed equilibrium that allows for more flexibility and choice in the housing search."The Great Market Flip: Milwaukee and Beyond
The most striking example of this shift is Milwaukee, Wis, which recorded the nation's most dramatic transformation. Once a tight-supply market, Milwaukee's vacancy rate more than doubled — climbing from 4.9% in 2024 to 10.8% in 2025.Across the top 50 metros, the breakdown of market power has shifted dramatically:22 Renter-Friendly Markets: Vacancy rates above 7% give tenants the upper hand (e.g., Birmingham, Austin, Milwaukee).22 Balanced Markets: Vacancy rates between 5% and 7% offer a stable environment for both parties.6 Landlord-Friendly Markets: Only six markets remain tight enough for landlords to "call the shots," including Boston and New York.The Markets Bucking the National Trend
While the national trend is overwhelmingly positive for tenants, the report identified renter setbacks in a few specific markets. Relatively affordable, job-rich areas like Pittsburgh, Pa. and Richmond, Va. shifted away from renter-friendly conditions into the balanced category. This move was fueled by a surge in out-of-market demand as renters from more expensive cities migrated toward these hubs, tightening the local supply."We are seeing a fascinating tug-of-war," said Jiayi Xu, economist at Realtor.com®. "In the Sun Belt and parts of the Midwest, new construction is helping to create negotiating room for renters. But in traditionally more affordable areas like Richmond and Pittsburgh, the secret is out, rising demand from out-of-towners is starting to soak up that excess vacancy, proving that renter-friendliness can be fleeting if supply doesn't keep pace with demand."A small handful of coastal hubs remain the exception to the renter-friendly trend. In metros like Boston, Mass. (3.2%), San Jose, Calif. (3.5%), and New York, N.Y. (4.6%), vacancy rates remain stuck below the 5% mark. In these supply-constrained areas, landlords still hold the upper hand, and the lack of available units has even pushed rents upward year-over-year in San Jose (+1.9%) and New York (+0.8%), bucking the national decline.National Rent Trends by Unit Size
While vacancy rates provide the leverage, the price data confirms the downward pressure. All unit sizes saw annual declines in January, with 2-bedroom units seeing the steepest drop.National Rents by Unit Size, JanuaryUnit SizeMedian RentRent YoYConsecutive
Months of
DeclineTotal Decline
from PeakRent Change -
6 YearsOverall$1,672-1.5 %29-4.8 %15.2 %Studio$1,393-1.2 %29-5.8 %10.1 %1-Bedroom$1,552-1.4 %32-6.3 %13.4 %2-Bedroom$1,847-1.7 %32-5.7 %17.0 %Appendix MetroMedian
Asking RentYOYRental
Vacancy
Rate, 2024Renter
Conditions,
2024Rental
Vacancy
Rate, 2025Renter
Conditions,
2025Atlanta-Sandy Springs-Roswell, Ga.$1,544-1.6 %9.3 %renter-friendly7.0 %balancedAustin-Round Rock-San Marcos, Texas$1,358-7.3 %8.2 %renter-friendly13.8 %renter-friendlyBaltimore-Columbia-Towson, Md.$1,8161.7 %6.0 %balanced5.3 %balancedBirmingham, Ala.$1,147-4.7 %14.9 %renter-friendly14.3 %renter-friendlyBoston-Cambridge-Newton, Mass.-N.H.$2,851-2.6 %3.0 %landlord-friendly3.2 %landlord-friendlyBuffalo-Cheektowaga, N.Y.$1,1641.7 %10.4 %renter-friendly12.5 %renter-friendlyCharlotte-Concord-Gastonia, N.C.-S.C.$1,485-2.4 %6.7 %balanced6.4 %balancedChicago-Naperville-Elgin, Ill.-Ind.-Wis.$1,7940.1 %5.1 %balanced5.4 %balancedCincinnati, Ohio-Ky.-Ind.$1,279-3.7 %6.2 %balanced5.4 %balancedCleveland-Elyria, Ohio$1,2210.1 %5.7 %balanced6.4 %balancedColumbus, Ohio$1,1870.3 %7.3 %renter-friendly5.7 %balancedDallas-Fort Worth-Arlington, Texas$1,410-2.5 %8.9 %renter-friendly10.5 %renter-friendlyDenver-Aurora-Centennial, Colo.$1,729-4.9 %4.7 %landlord-friendly6.5 %balancedDetroit-Warren-Dearborn, Mich.$1,284-3.4 %8.6 %renter-friendly9.6 %renter-friendlyHartford-West Hartford-East Hartford, Conn.NANA3.1 %landlord-friendly5.0 %balancedHouston-Pasadena-The Woodlands, Texas$1,345-2.3 %9.8 %renter-friendly11.4 %renter-friendlyIndianapolis-Carmel-Anderson, Ind.$1,277-0.1 %9.1 %renter-friendly6.6 %balancedJacksonville, Fla.$1,458-3.3 %8.6 %renter-friendly10.1 %renter-friendlyKansas City, Mo.-Kan.$1,3882.4 %9.2 %renter-friendly8.9 %renter-friendlyLas Vegas-Henderson-Paradise, Nev.$1,429-2.0 %8.3 %renter-friendly6.4 %balancedLos Angeles-Long Beach-Anaheim, Calif.$2,730-1.9 %4.8 %landlord-friendly4.4 %landlord-friendlyLouisville/Jefferson County, Ky.-Ind.$1,219-2.8 %7.2 %renter-friendly6.7 %balancedMemphis, Tenn.-Miss.-Ark.$1,148-2.5 %12.4 %renter-friendly10.6 %renter-friendlyMiami-Fort Lauderdale-West Palm Beach, Fla.$2,236-3.7 %9.6 %renter-friendly8.1 %renter-friendlyMilwaukee-Waukesha, Wiss.$1,6301.2 %4.9 %landlord-friendly10.8 %renter-friendlyMinneapolis-St. Paul-Bloomington, Minn.-Wiss.$1,487-1.4 %5.2 %balanced5.5 %balancedNashville-Davidson–Murfreesboro–Franklin, Tenn.$1,471-4.5 %8.5 %renter-friendly11.1 %renter-friendlyNew Orleans-Metairie, La.NANA9.0 %renter-friendly10.6 %renter-friendlyNew York-Newark-Jersey City, N.Y.-N.J.-Pa.$2,8820.8 %4.7 %landlord-friendly4.6 %landlord-friendlyOklahoma City, Okla.$986-1.1 %9.0 %renter-friendly9.0 %renter-friendlyOrlando-Kissimmee-Sanford, Fla.$1,640-2.0 %9.2 %renter-friendly9.0 %renter-friendlyPhiladelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.$1,722-2.2 %6.3 %balanced6.9 %balancedPhoenix-Mesa-Scottsdale, Ariz.$1,431-4.0 %7.9 %renter-friendly8.4 %renter-friendlyPittsburgh, Pa.$1,4270.9 %8.7 %renter-friendly6.9 %balancedPortland-Vancouver-Hillsboro, Ore.-Wash.$1,627-2.3 %5.7 %balanced7.4 %renter-friendlyProvidence-Warwick, R.I.-Mass.$1,967-3.1 %3.1 %landlord-friendly3.7 %landlord-friendlyRaleigh, N.C.$1,447-2.6 %9.0 %renter-friendly7.4 %renter-friendlyRichmond, Va.$1,5091.9 %8.2 %renter-friendly5.2 %balancedRiverside-San Bernardino-Ontario, Calif.$2,067-2.7 %3.7 %landlord-friendly3.3 %landlord-friendlyRochester, N.Y.$1,3300.5 %4.9 %landlord-friendly6.6 %balancedSacramento-Roseville-Folsom, Calif.$1,818-2.3 %3.8 %landlord-friendly6.9 %balancedSan Antonio-New Braunfels, Texas$1,191-3.6 %10.1 %renter-friendly10.9 %renter-friendlySan Diego-Chula Vista-Carlsbad, Calif.$2,639-4.6 %5.2 %balanced5.8 %balancedSan Francisco-Oakland-Fremont, Calif.$2,7850.4 %6.4 %balanced6.0 %balancedSan Jose-Sunnyvale-Santa Clara, Calif.$3,3191.9 %3.4 %landlord-friendly3.5 %landlord-friendlySeattle-Tacoma-Bellevue, Wash.$1,910-2.3 %6.5 %balanced5.4 %balancedSt. Louis, Mo.-Ill.$1,283-2.5 %8.0 %renter-friendly8.3 %renter-friendlyTampa-St. Petersburg-Clearwater, Fla.$1,667-2.7 %8.7 %renter-friendly11.4 %renter-friendlyVirginia Beach-Chesapeake-Norfolk, Va.-N.C.$1,6244.0 %9.1 %renter-friendly7.5 %renter-friendlyWashington-Arlington-Alexandria, D.C.-Va.-Md.-W. Va.$2,2530.4 %4.7 %landlord-friendly6.3 %balancedMethodology
Rental data as of January 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com® began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019.Rental vacancy data is from Housing Vacancies and Homeownership Survey.
With the release of its January rent report, Realtor.com® incorporated a new and improved methodology for capturing and reporting more comprehensive rental listing trends and metrics. The new methodology is expected to yield a cleaner, more representative and more consistent measurement of rental listings and trends at both the national and local level.The methodology has been adjusted to better represent the true cost of primary housing for renters. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the rental data released since February 2026 will not be directly comparable with previous releases and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology.About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/realtorcom-rent-report-us-rental-market-now-firmly-renter-friendly-as-vacancy-rate-climbs-to-7-6-302687933.htmlSOURCE Realtor.com

Original: Realtor.com® Rent Report: U.S. Rental Market Now Firmly Renter-Friendly as Vacancy Rate Climbs to 7.6%

For the First Time in Recent History, New Home Price Reductions Outpace Existing Homes: Realtor.com® Report FindsFebruary 12, 2026 6:00 AM
PR Newswire (US)

Nevada, Indiana, South Carolina, Minnesota, North Carolina, New Jersey and Texas Lead the Way When it Comes to Share of Price Reduced New ConstructionAUSTIN, Texas, Feb. 12, 2026 /PRNewswire/ -- Nearly one in five new homes saw price cuts in late 2025, overtaking the resale market for the first time in recent history, according to Realtor.com® Quarterly New Construction Insights. In the same quarter, the share of existing homes with cuts was 18.3%, signaling a shift in how builders and existing-sellers are competing for homebuyers. Price reductions in the existing-home market are generally concentrated in the South and West, and the data reveal that new construction homes also follow this geographic pattern, with some exceptions. Although they are in the Midwest and Northeast, Indiana, Minnesota, and New Jersey have more price reductions on newly-built homes than the national level."New construction has been one of the steadiest parts of the housing market over the past few years, but builders are clearly responding to today's affordability pressures and higher-levels of existing-home inventory," said Danielle Hale, chief economist at Realtor.com®. "Nearly one in five new homes cut prices, more than in the resale market for the first time in recent history. This is not just a reflection of regional divergence and where new homes are built; we are seeing builders compete more directly on price to keep sales moving, even as overall new-home prices remain relatively stable."There are seven states, Nevada, Indiana, South Carolina, Minnesota, North Carolina, New Jersey and Texas, where the rate of price reductions is higher than the national level (18.3%). In these states, there are more price reductions among new construction listings than existing listings, though most of them have relatively high levels of existing home price reductions as well. Four of them are in the South or West, where new construction activity is highest and general home inventory is elevated, but the other three (Indiana, Minnesota, and New Jersey) truly stand out. Four of these are situated in the South or West, regions characterized by high levels of new construction and elevated inventory. Indiana, Minnesota, and New Jersey represent the three notable exceptions.StateNew Construction Price Reduced ShareExisting Home Price Reduced ShareNevada24.8 %19.6 %Indiana23.3 %22.1 %South Carolina21.6 %17.4 %Minnesota21.6 %17.4 %North Carolina21.3 %19.1 %New Jersey19.9 %10.7 %Texas19.0 %17.5 %In the fourth quarter of 2025, the median listing price for a newly built home was $451,128, up just 0.3% from a year earlier, while resale home prices were essentially flat. But those topline numbers mask a widening divergence by property type. Newly built condos and townhomes carried a substantially higher premium (30.7%) over existing attached homes, while newly built single-family homes were priced just 10.7% above existing single-family homes—a gap that has been shrinking.In Key Metros, Condos Can Carry A Price Premium Compared to Single Family HomesThis report also explored newly built condos compared to newly built single family homes and found newly built condos and townhomes cost more than newly built single-family homes nationwide. This finding is due largely to geography and where new condos are being built.Newly built attached homes are concentrated in high-cost urban markets, while new single-family construction is expanding in more affordable metros, particularly across the South and West. Nearly 10% of all new condos for sale nationwide are located in the New York and Miami metropolitan areas, where median prices exceed $1 million. Meanwhile, new single-family construction is dominated by markets such as Houston, Dallas-Fort Worth, San Antonio, Atlanta, and Phoenix, where prices are closer to the national median and supply is more plentiful."What we're seeing is a market where single-family new construction is filling an affordability gap that resale homes increasingly can't," said Joel Berner, senior economist, Realtor.com®. "Condos are still playing an important role in certain markets, but they're skewing more luxury, while detached homes are doing more of the work when it comes to expanding supply."Methodology
Realtor.com housing data as of December 2025. Listings include the active inventory of newly built single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com. Realtor.com new construction data history goes back to January 2023.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/for-the-first-time-in-recent-history-new-home-price-reductions-outpace-existing-homes-realtorcom-report-finds-302685747.htmlSOURCE Realtor.com

Original: For the First Time in Recent History, New Home Price Reductions Outpace Existing Homes: Realtor.com® Report Finds

Ben Levisohn Appointed Editor in Chief of Barron'sFebruary 11, 2026 1:00 PM
Business Wire
Dow Jones announced today the appointment of Ben Levisohn to editor in chief of Barron’s. Levisohn, a 15-year veteran of the company, most recently served as the senior managing editor for the financial publication and was the driving force behind last year’s launch of Barron’s Investor Circle, a new premium experience for readers. He is based in the newsroom’s New York headquarters.


“Ben takes the helm at a time when investor interest in markets and Barron’s is stronger than ever,” said Almar Latour, CEO of Dow Jones. “As both a veteran financial editor and a veteran of financial markets–as well as the creator of many highly successful new initiatives for the brand–Ben is uniquely well positioned to take on leadership of Barron’s across all platforms."


Levisohn began his career as a Wall Street equities trader, spending seven years at Worldco and Lynx Capital Partners where he developed a deep knowledge of financial markets. He transitioned to journalism in 2007 with roles at BusinessWeek and later, Bloomberg, pursuing his lifelong dream of writing. He joined Dow Jones in 2010, first as a reporter for the Weekend Investor section of The Wall Street Journal and joined Barron’s in 2012 as an emerging markets writer before transitioning to U.S. markets. He penned Barron’s popular Streetwise and Trader columns for a decade, and served as deputy editor before becoming senior managing editor in August 2025.


“I’m thrilled and honored to become editor in chief of Barron’s, where I’ve spent 12 rewarding years,” Levisohn said. “I was a reader before I was a journalist, and the responsibility that comes with leading this storied, trusted newsroom is not something I take lightly. I look forward to building on our momentum and bringing world-class insights to our readers.”


Levisohn’s appointment comes as Dow Jones recently closed a record quarter and six years of continued growth, fueled by its business news and business intelligence units. The company currently has more than 6 million subscriptions and is a core provider of news and intelligence to large financial institutions and corporate customers. In the age of AI, where outputs from LLMs are only as good as their inputs, Dow Jones is a leading provider of the world’s most trusted proprietary data and exclusive news.


About Barron’s

Barron’s is a leading financial publication known for its authoritative analysis and in-depth coverage of global financial markets. Established in 1921, Barron’s publishes weekly magazines and real-time digital stories that deliver critical insights and forecasts that serve financial professionals, asset managers, investors and more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260211766467/en/
Press Contact

Lauren McCabe

lauren.mccabe@dowjones.com


Original: Ben Levisohn Appointed Editor in Chief of Barron's

America's Oldest vs. Newest Luxury Markets: Realtor.com® Report Highlights the Evolving Faces of U.S. LuxuryFebruary 11, 2026 6:00 AM
PR Newswire (US)

National luxury prices stabilize as buyers weigh the prestige of historic coastal enclaves against the modern scale of emerging Mountain and Sun Belt marketsAUSTIN, Texas, Feb. 11, 2026 /PRNewswire/ -- The U.S. luxury housing market opened 2026 with a stabilizing trend in pricing, defined by a fundamental difference in what luxury means from one region to the next. While national entry-level luxury prices held steady at $1.19 million, Realtor.com® January Luxury Housing Report highlights how the definition of luxury is shifting between established legacy markets and new growth hubs.According to the report, the national 90th-percentile luxury threshold remained essentially unchanged from a year ago (-0.6%). However, the report reveals a clear distinction in what buyers receive for their investment. In legacy markets like San Francisco and San Jose, the typical luxury home dates back to the mid-1970s. Meanwhile, in emerging markets like Heber, Utah, and Boise, Idaho, the luxury segment is driven almost entirely by brand-new construction."The age of luxury inventory in a given city tells a story of that market's lifecycle," said Danielle Hale, chief economist at Realtor.com®. "In legacy coastal metros, we're seeing the results of maturity, where the most desirable luxury neighborhoods reached full build-out decades ago, leaving little room for new construction. Conversely, in the Mountain West and Sun Belt, we're seeing active expansion, where the luxury tier is being defined by a new wave of development designed to meet modern preferences for scale and customization."January data suggests the broader luxury segment is entering a seasonal baseline, with the entry-level tier showing the most stability.National Luxury Overview PricingJanuary 2026Monthly ChangeYoY ChangeLuxury Threshold 90th Percentile$1,193,0850.0 %-0.6 %High-End Luxury Threshold 95th Percentile$1,912,7900.5 %-3.0 %Ultra Luxury Threshold 99th Percentile$5,635,0281.87 %-4.3 %Million-Dollar Listing Share12.0 %0.0pp-0.3ppLegacy Luxury: Paying for Postcodes, Not Square Footage In the nation's oldest luxury markets, location and pedigree remain the primary drivers of value. These markets represent long-established high-end locations where luxury is defined by mature neighborhoods and architecture that has retained value through decades of scarcity.San Francisco-Oakland tops the list with a median luxury build year of 1974, followed closely by San Jose (1977). In these established metros, homes in the $1 million to $2 million range are often more compact, averaging between 1,600 and 2,000 square feet, which is well below the national luxury average of 2,931 square feet. Despite the older housing stock, these markets move with speed; in San Jose, luxury homes sold in a median of just 19 days this January."In these legacy markets, buyers are often paying for the postcode and proximity to global economic hubs rather than brand-new finishes," said Anthony Smith, senior economist at Realtor.com®. "Value is driven by the fact that there is simply a scarcity of land to develop. These properties represent a finite resource, allowing them to remain competitive and well-supported even in seasonal lulls."Markets with the Oldest Luxury HomesRankArea10% Most 
Expensive Listings
Start at:Median Year
Built for
Top 10%Median Days
on Market for
Top 10%Median Days on
Market for 
Top 10% YoYMedian Square
Feet $1M – $2M0USA$1,193,0852003921.7 %2,9311San Francisco-Oakland-Fremont, Calif.$2,499,000197478-13.1 %1,8632San Jose-Sunnyvale-Santa Clara, Calif.$3,150,000197719-65.5 %1,6843New York-Newark-Jersey City, N.Y.-N.J.$2,999,3141990114-5.0 %1,9294Urban Honolulu, Hawaii$2,327,5001992968.5 %1,4305Key West-Key Largo, Fla.$5,295,000199481-18.4 %1,6116Los Angeles-Long Beach-Anaheim, Calif.$4,120,9781996887.3 %1,9817Oxnard-Thousand Oaks-Ventura, Calif.$2,997,00019979212.9 %2,3798Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.$874,988199786-13.1 %3,7609San Diego-Chula Vista-Carlsbad, Calif.$2,949,9201999788.7 %2,07810 TieWashington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.$1,439,143200072-6.5 %3,30710 TieRiverside-San Bernardino-Ontario, Calif.$1,298,8472000776.9 %2,92411 TieBoston-Cambridge-Newton, Mass.-N.H.$2,566,359200197-1.0 %3,75011 TieChicago-Naperville-Elgin, Ill.-Ind.$871,745200178-4.3 %2,500(Among metropolitan and micropolitan areas that averaged at least 500 million-dollar listings over the 12 months through January 2026)New Growth Luxury: The Appeal of Scale and ModernityConversely, a different luxury landscape is emerging in the Sun Belt and Mountain West. In these metros, the high-end tier has been created more recently, evolving alongside rapid population growth. Luxury here is expressed through horizontal scale and modern layouts rather than historic charm.Heber, Utah, leads the newest luxury markets with a median build year of 2024, followed by Boise City, Idaho (2021) and Raleigh, N.C. (2019). In these markets, the luxury dollar stretches significantly further in terms of living space. Metros like Minneapolis, Dallas, Houston, and Charlotte all offer luxury homes in the $1 million to $2 million range that average well above 3,500 square feet, even exceeding 4,000 square feet."These emerging markets reflect a shift in buyer preferences toward 'newness' and lifestyle amenities," Smith added. "While legacy markets offer history, these new growth areas offer a blank canvas with modern floor plans and expansive estates. It's a market where luxury is defined by the volume of the home and the recency of the build, attracting a buyer base that prioritizes contemporary design over traditional neighborhood prestige."Markets with the Newest Luxury HomesRankArea10% Most
Expensive Listings
Start at:Median Year
Built for
Top 10%Median Days
on Market for
Top 10%Median Days on
Market for
Top 10% YoYMedian Square
Feet $1M – $2M0USA$1,193,0852003921.7 %2,9311Heber, Utah$7,605,000202485-11.0 %2,6712Boise City, Idaho$1,375,000202178-11.9 %3,2703Raleigh-Cary, N.C.$1,029,747201992-14.0 %3,8814Nashville-Davidson--Murfreesboro--Franklin, Tenn.$1,545,40820191029.1 %3,6465Crestview-Fort Walton Beach-Destin, Fla.$2,738,40020181263.1 %2,4696Atlantic City-Hammonton, N.J.$2,343,4002015102-2.4 %1,9907Naples-Marco Island, Fla. $3,605,11420147910.5 %2,2658Orlando-Kissimmee-Sanford, Fla. $893,1372013960.0 %3,5719Minneapolis-St. Paul-Bloomington, Minn.-Wis.$994,07120121011.3 %4,1939 TieSan Antonio-New Braunfels, Texas$749,566201211312.4 %3,65410 TieDallas-Fort Worth-Arlington, Texas$929,272201081-1.8 %4,02710 TieHouston-Pasadena-The Woodlands, Texas$776,5612010743.5 %4,10011 TieWilmington, N.C.$1,177,000200893-4.4 %2,86611 TieAustin-Round Rock-San Marcos, Texas$1,250,00020081025.7 %3,21711 TieCharlotte-Concord-Gastonia, N.C.-S.C.$897,20420089915.8 %3,89711 TieBend, Ore.$1,844,200200817228.6 %2,821(Among metropolitan and micropolitan areas that averaged at least 500 million-dollar listings over the 12 months through January 2026)MethodologyAll data in this report is sourced from Realtor.com® listing trends as of January 2026, reflecting active inventory of existing homes, including single-family residences, condos, townhomes, row homes, and co-ops. Listings reflect only those posted on MLS platforms that provide listing feeds to Realtor.com®. New-construction listings are excluded unless actively listed on participating MLSs.Luxury segmentation is based on market-specific price percentiles, with the 90th percentile representing entry-level luxury, the 95th percentile marking high-end luxury, and the 99th percentile indicating ultraluxury. All calculations are based on listing prices, not final sales prices.Metropolitan and micropolitan areas are defined using the Office of Management and Budget's OMB-2023 delineations, with Claritas 2025 household estimates used for relative comparisons. Where appropriate, we limited analysis to metros or micros with a minimum threshold of active million-dollar listings on average over the past year to ensure meaningful comparisons.Historical listing trend data extends to July 2016, but year-over-year comparisons in this report use January 2025 as the baseline.Luxury by the Numbers90th percentile = Entry-level luxury (top 10% of prices)95th percentile = High-end luxury99th percentile = Ultraluxury (often rare or custom properties)About Realtor.com®Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/americas-oldest-vs-newest-luxury-markets-realtorcom-report-highlights-the-evolving-faces-of-us-luxury-302683940.htmlSOURCE Realtor.com

Original: America's Oldest vs. Newest Luxury Markets: Realtor.com® Report Highlights the Evolving Faces of U.S. Luxury

News Corp to Host Dow Jones Investor BriefingFebruary 5, 2026 4:20 PM
Business Wire
News Corp announced today it will host an Investor Briefing for Dow Jones on Monday, March 16, 2026, in New York City. Presentations will begin at 4:00 PM EDT (Sydney: March 17, at 7:00 a.m. AEDT).


News Corp Chair Lachlan Murdoch and Chief Executive Robert Thomson will be joined by Dow Jones Chief Executive Officer and Publisher, The Wall Street Journal Almar Latour and other members of Dow Jones’s leadership team. The presentation will showcase the business’s transformation into a news, enterprise data and information services powerhouse, and highlight its growth strategy and financial profile.


A live view-only webcast of the call will be available via http://investors.newscorp.com. A replay will be available shortly after the event’s conclusion. Due to limited capacity, in-person attendance will be by invitation only.


About News Corp

News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://newscorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260205223958/en/
News Corp Investor Relations

Michael Florin

212-416-3363

mflorin@newscorp.com


Anthony Rudolf

212-416-3040

arudolf@newscorp.com


News Corp Corporate Communications

Arthur Bochner

646-422-9671

abochner@newscorp.com


Dow Jones Corporate Communications

Ashok Sinha

917-656-5800

ashok.sinha@dowjones.com


Original: News Corp to Host Dow Jones Investor Briefing

Inventory Gains Slow Down in January: Realtor.com® Monthly Housing ReportFebruary 5, 2026 6:00 AM
PR Newswire (US)

Active listings rose from last year but slipped to 17.2% below 2017–2019 norms; the widest gap since last spring, as prices held steady nationallyAUSTIN, Texas, Feb. 5, 2026 /PRNewswire/ -- U.S. housing supply continued to grow this January, but the recovery lost momentum as inventory moved further away from pre-pandemic norms, according to Realtor.com®'s January Monthly Housing Report. These trends signal renewed supply constraints even as prices remained largely flat nationwide.Active listings increased 10.0% year over year, extending a streak of inventory gains to 27 consecutive months. However, that growth has slowed for nine straight months as seasonal trends and market momentum reverse much of the progress made in 2025. As a result, the national housing supply is now 17.2% below typical 2017–2019 levels, the widest gap since last spring, with 30 of the 50 largest U.S. metros regressing relative to pre-pandemic inventory levels since May."After meaningful inventory gains last year, the recovery has lost steam," said Danielle Hale, chief economist at Realtor.com®. "Even with more homes on the market than a year ago, supply remains well below pre-pandemic levels, keeping prices firm nationally. Looking locally, the areas where inventory tightened the most are largely in the West and South, predominantly but not exclusively in markets that are fully recovered. This could foreshadow a firming of prices in markets where they were weaker last year, but it will ultimately depend on how sellers respond as we move into the selling season."January 2026 Housing Metrics – National (*For metro stats, see table overview at end)MetricJan-26Change overDec. 2025
(MoM)Change over
Jan. 2025
(YoY)Change over
Jan. 2019Change over
Jan. 2022Median listing price$399,9000.0 %-0.1 %38.2 %8.1 %Active listings912,696-6.6 %10.0 %-17.8 %142.1 %New listings329,22841.0 %0.7 %-17.5 %1.7 %Median days on market7855-319Share of active listings with
price reductions14.3 %1.4-1.3-1.78.2Median List Price Per Sq.Ft.$2200.0 %-1.6 %52.4 %11.5 %Buyer activity also picked up in January. Pending home sales rose 1.2% year over year, marking the largest annual increase since December 2024. The improvement likely reflects mortgage rates falling to their lowest levels since 2022 in mid-January. With rates expected to run meaningfully lower during the 2026 homebuying season than last year, pending sales and new listing activity will be key indicators to watch in the months ahead.Market momentum has largely normalized. Homes spent a median of 78 days on the market in January, five days longer than a year ago, marking the 22nd consecutive month of slower year-over-year selling times. Despite the 5 day month-over-month increase in January, homes are now selling 5 days faster than their pre-pandemic norms after pacing in line with pre-pandemic norms in July through September.Nationally, the median list price was essentially unchanged at $399,900, while price per square foot dipped 1.6% from last year. Price cuts were slightly down year-over-year, with 14.3% of listings now offered at a discount compared to 15.6% in January 2025. Last year was defined by a high-share of listings with price cuts (around 20% from June through October) and sticky-high list prices at the median; 2026 may bring the opposite, as more sellers price down at list rather than cutting after seeing their home sit for longer than anticipated.Where Is Inventory Growing the MostWhile inventory increased in every major region in January, the gains were modest and broadly uniform, led by the West (+11.5% YoY) and Midwest (+11.0%), followed by the South (+9.4%) and Northeast (+6.8%). Nearly all of the 50 largest U.S. metros posted year-over-year inventory growth, with the largest increases in Seattle, Charlotte and Washington, D.C. Still, compared with last spring, most markets have moved further away from pre-pandemic supply levels, signaling that the peak of inventory acceleration may already be behind us."The coming months will be a real test for the inventory recovery and the road to affordability," said Jake Krimmel, senior economist, Realtor.com®. "A reacceleration in listings growth alongside easing mortgage rates could bring the market into better balance and move the needle on affordability. If supply continues to drift tighter, however, lower rates may simply reignite competition and limit how much relief buyers actually feel."Where Has Inventory Recovered the Most While there are still major regional differences in inventory, this January the inventory recovery has regressed almost everywhere since earlier last year. Compared to May 2025, only the Midwest region has seen its inventory move closer to pre-pandemic norms (but only improving from -42.1% to -37.4%); for the South, West, and Northeast – and the national aggregate – the inventory recovery is moving in the wrong direction: closer to tight pandemic-era markets.At the metro level, between May 2025 and January 2026, just 20 of the top 50 metros are adding inventory relative to pre-pandemic norms. Of the 28 metros below normal inventory levels in May, just three (Kansas City, Minneapolis, and Louisville) have moved meaningfully toward their typical pre-pandemic levels. Of the 22 markets above pre-pandemic levels in May, all but 4 regressed back toward their pre-pandemic levels. On one hand this is indicative of an inventory re-normalization in the South and West; on the other, this suggests active listings acceleration may have peaked in these markets and prices could firm up in the future.January 2026 Housing Overview of the 50 Largest MetrosMetroActive
Listing
Count YoYNew Listing
Count, YoYMedian
List PriceMedian List
Price, YoYMedian List
Price Per SF,
YoYMedian Days
on Market,
YoY (Days)Price
Reduced
SharePrice Reduced
Share, YoY
(Percentage
Points)Atlanta-Sandy Springs-Roswell, GA10.0 %-4.5 %$400,0000.3 %-0.5 %617.0 %-1.5Austin-Round Rock-San Marcos, TX12.7 %6.5 %$455,000-8.0 %-6.1 %1016.6 %-3.2Baltimore-Columbia-Towson, MD24.1 %16.4 %$349,9900.0 %1.5 %312.6 %0.6Birmingham, AL10.9 %9.4 %$289,4751.6 %-0.3 %315.3 %-0.7Boston-Cambridge-Newton, MA-NH19.5 %-6.4 %$760,000-4.9 %0.1 %610.5 %-0.8Buffalo-Cheektowaga, NY4.9 %1.4 %$255,0001.0 %4.0 %-35.8 %-1.4Charlotte-Concord-Gastonia, NC-SC28.6 %8.9 %$415,000-1.2 %-1.7 %1215.4 %-3.6Chicago-Naperville-Elgin, IL-IN-0.3 %-8.8 %$344,0000.1 %1.9 %310.3 %-0.8Cincinnati, OH-KY-IN21.0 %24.4 %$331,4003.7 %2.9 %-212.5 %-1Cleveland, OH7.3 %5.6 %$247,1155.2 %2.5 %013.6 %-1.6Columbus, OH11.7 %7.4 %$349,9002.7 %0.0 %916.3 %-1.9Dallas-Fort Worth-Arlington, TX6.3 %-16.4 %$405,000-2.5 %-1.8 %316.4 %-4.5Denver-Aurora-Centennial, CO11.1 %9.9 %$550,000-3.5 %-3.8 %018.7 %0.8Detroit-Warren-Dearborn, MI18.9 %0.9 %$235,000-2.1 %-0.6 %713.6 %1.7Grand Rapids-Wyoming-Kentwood, MI0.0 %-14.0 %$399,0006.5 %9.2 %38.8 %-5Hartford-West Hartford-East Hartford, CT8.6 %-25.5 %$424,9004.0 %-1.1 %37.8 %0.5Houston-Pasadena-The Woodlands, TX14.7 %6.6 %$349,900-2.5 %-2.3 %515.2 %-1.4Indianapolis-Carmel-Greenwood, IN25.4 %18.5 %$305,0001.7 %6.8 %617.4 %-1.6Jacksonville, FL-7.4 %-2.5 %$375,000-2.6 %-2.9 %720.7 %-3.5Kansas City, MO-KS17.0 %32.9 %$380,0001.3 %2.3 %-710.3 %-1.3Las Vegas-Henderson-North Las Vegas, NV25.4 %2.1 %$465,000-0.5 %-2.3 %1118.4 %1.9Los Angeles-Long Beach-Anaheim, CA13.0 %-2.8 %$1,025,000-5.9 %-2.1 %310.7 %2.2Louisville/Jefferson County, KY-IN25.6 %16.2 %$299,990-1.9 %3.3 %-114.3 %-2.6Memphis, TN-MS-AR13.7 %6.6 %$299,900-9.0 %-5.8 %417.7 %-0.4Miami-Fort Lauderdale-West Palm Beach, FL1.3 %-6.4 %$500,000-3.8 %-2.4 %1016.5 %-2.3Milwaukee-Waukesha, WI4.2 %11.4 %$364,9000.7 %4.7 %89.9 %-2.2Minneapolis-St. Paul-Bloomington, MN-WI10.2 %-5.1 %$404,950-4.7 %-1.7 %410.2 %-0.3Nashville-Davidson--Murfreesboro--Franklin, TN15.6 %10.3 %$525,0000.0 %0.3 %713.2 %-0.8New York-Newark-Jersey City, NY-NJ3.7 %0.9 %$749,000-0.1 %-2.3 %-16.1 %0.3Oklahoma City, OK12.1 %-6.6 %$314,9000.8 %0.1 %715.9 %-1.4Orlando-Kissimmee-Sanford, FL2.8 %-2.3 %$415,000-1.2 %-2.2 %819.9 %-2.4Philadelphia-Camden-Wilmington, PA-NJ-DE-MD7.7 %4.6 %$350,000-0.6 %0.2 %211.2 %-1.1Phoenix-Mesa-Chandler, AZ19.4 %1.7 %$489,000-4.6 %-2.1 %925.2 %-0.3Pittsburgh, PA4.2 %4.0 %$239,0004.0 %4.0 %211.2 %-1.9Portland-Vancouver-Hillsboro, OR-WA8.5 %2.7 %$575,000-4.0 %-2.0 %523.4 %1.3Providence-Warwick, RI-MA12.1 %-12.2 %$549,9005.5 %9.8 %79.0 %-4.3Raleigh-Cary, NC20.3 %-15.1 %$440,0000.0 %-0.7 %315.6 %0.9Richmond, VA5.3 %-4.8 %$429,1391.9 %2.4 %39.8 %-2Riverside-San Bernardino-Ontario, CA4.5 %3.7 %$585,000-2.3 %-0.6 %414.8 %0.7Sacramento-Roseville-Folsom, CA9.7 %-3.1 %$599,000-2.6 %-1.3 %513.5 %-0.1St. Louis, MO-IL10.3 %11.4 %$284,9003.6 %5.7 %612.6 %0.3San Antonio-New Braunfels, TX14.5 %5.8 %$319,990-1.5 %-4.1 %721.3 %0.5San Diego-Chula Vista-Carlsbad, CA12.3 %-5.4 %$899,000-5.4 %-4.1 %613.0 %0.2San Francisco-Oakland-Fremont, CA-5.6 %-9.4 %$859,000-2.6 %-3.7 %-17.5 %-0.6San Jose-Sunnyvale-Santa Clara, CA23.3 %25.6 %$1,195,000-5.8 %-3.3 %-46.4 %0.5Seattle-Tacoma-Bellevue, WA32.5 %-0.9 %$730,0000.6 %-0.2 %1512.8 %1Tampa-St. Petersburg-Clearwater, FL9.6 %-6.6 %$399,7270.7 %0.2 %1524.1 %-0.7Tucson, AZ13.3 %-1.2 %$385,000-1.6 %-1.0 %420.7 %2.2Virginia Beach-Chesapeake-Norfolk, VA-NC4.7 %2.7 %$399,9002.7 %1.9 %513.2 %-3.9Washington-Arlington-Alexandria, DC-VA-MD-WV26.8 %9.4 %$549,900-4.7 %-6.1 %69.8 %0.8Methodology
Realtor.com housing data as of January 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.Beginning with our April 2025 report, we have transitioned to a revised national pending home sales data series that applies enhanced cleaning methods to improve consistency and accuracy over time. While the insights and commentary in this report reflect the new series, the downloadable data remains based on our legacy automated pipeline. As a result, there may be slight differences between the report figures and those in the national download file as we transition.With the release of its January 2025 housing trends report, Realtor.com® has restated data points for some previous months. As a result of these changes, some of the data released since January 2025 will not be directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports. About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media contact: Mallory Micetich, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/inventory-gains-slow-down-in-january-realtorcom-monthly-housing-report-302679357.htmlSOURCE Realtor.com

Original: Inventory Gains Slow Down in January: Realtor.com® Monthly Housing Report

NYC Rent Growth Persists as Renter Mobility Hits Historic LowsFebruary 4, 2026 7:44 AM
PR Newswire (US)

With nearly 90% of renters stuck in place, Mayor Mamdani's looming rent freeze for stabilized units could further tighten the NYC rental marketAUSTIN, Texas, Feb. 4, 2026 /PRNewswire/ -- New York City's tough rental market has entered a new phase defined by renters staying in place. While rents continued their upward climb in the final quarter of 2025, reaching a median of $3,585 (up 6.6% from the prior) the city is now grappling with a lack of turnover that is leaving new households with limited options, according to the Q4 2025 NYC Rental Report from Realtor.com®.The report highlights a market where nearly 90% of New York City renters remained in the same unit they occupied a year ago, a rate far exceeding the national average of 78.4%. In some boroughs, the immobility is even more stark: in the Bronx, 93.7% of renters stayed in place in 2024, with a median move-in year of 2015."New York City's rental market is effectively locked in place," said Danielle Hale, chief economist at Realtor.com®. "It's a dual-sided issue: asking rents are rising, while at the same time, the inventory for units is being squeezed by record-low turnover. Mayor Mamdani's promised rent freeze on stabilized units could tighten mobility even further, potentially pushing market-rate rents even higher as the pool of available apartments shrinks."Rents Rise Across Every BoroughIn 2025 Q4, the median asking rent in NYC rose by $223 (6.6%) compared to the previous year. The surge was most pronounced in Manhattan, where the median rent hit $4,886, requiring an  annual household income of $195,440 to remain below the 30% affordability threshold.Rents by Borough in New York City—2025Q4BoroughMedian
Asking RentRent
YoYRent Change – 6
yearsAnnual Income
Required (30%) % Stay-in-place
renters (at least 1
Year)Manhattan$4,8867.3 %20.1 %$195,44084.2 %Brooklyn$3,9435.0 %45.0 %$157,72089.5 %Queens$3,3551.2 %38.4 %$134,20090.2 %The Bronx$3,0944.2 %51.2 %$123,75693.7 %New York City $3,5856.6 %24.8 %$143,40089.3 %The "Stay-in-Place" Squeeze
The report identifies rent stabilization as a major factor in the city's unique immobility. Approximately 40% of NYC's rental stock is stabilized, and these units saw a vacancy rate of just 0.98% in 2023, compared to 1.84% for market-rate units.The lack of movement is forcing many New Yorkers into difficult living situations. Overcrowding, which is defined as more than two persons per bedroom, is nearly twice as common in rent-stabilized units (13.1%) than in market rentals (6.7%), as families remain in units that no longer fit their needs rather than risk the volatile open market.Looking Ahead: The Mamdani Freeze
With Mayor Mamdani's administration moving to implement a rent freeze on stabilized units as soon as October 2026, the market faces further cooling in turnover. While the policy provides immediate relief for current tenants, it may exacerbate the inventory squeeze for new residents and those looking to move within the city, as the incentive to vacate a stabilized unit drops even lower."As residential mobility breaks down, we see a domino effect on the city's economy," said Realtor.com® Economist Jiayi Xu. "Renters are delaying major life changes like job transitions or family formation because the cost of moving, or the lack of anything to move to, has become a big barrier."Methodology
New York City rental data as of 2025Q4 for all units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within New York City and each of its boroughs. To calculate the median asking rent for each quarter, we first obtain the median asking rent for each month within that quarter and then take the average of the three months. Data for Staten Island is currently under review. Realtor.com® began releasing regular monthly reports for New York City in August 2024 and transitioned to quarterly rental trend reports in April 2025, with historical data available dating back to Q2 2019.About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.Media Contact: Emily Do, press@realtor.com



View original content:https://www.prnewswire.com/news-releases/nyc-rent-growth-persists-as-renter-mobility-hits-historic-lows-302678944.htmlSOURCE Realtor.com

Original: NYC Rent Growth Persists as Renter Mobility Hits Historic Lows