U.S. Census Bureau’s Post

Wondering about Hinsdale's real estate market? 🏡 Here are some data on the latest home prices, inventory, and neighborhood trends! (Data provided by the U.S. Census Bureau and local listings) . . . . . #HinsdaleRealEstate #MarketTrends #HomeBuying #RealEstateInsights #hinsdaleillinois #jamesonsothebys

"There are 102,000 new completed homes on the U.S. market ready to be occupied, according to the latest data from the U.S. Census Bureau, 50 percent more than were available last year. But while the U.S. housing market is still chronically short of supply, sales for newly built homes are dropping, as figures show."- Newsweek Get breaking real estate headlines like this with our MarketTRAC subscriptions. https://lnkd.in/eB4CtrVa #realestatenews #otteau #otteaugroup #njrealestate #realestateNJ #realestate #realestatemarket #markettrac #NJrealestate #njrealestatenews

We are excited about the launch of our new US Demographics Analysis and Forecast report! This report provides insight and covers every major housing industry sector, including: ·      Production home builders ·      Rental housing (single-family rental, build-to-rent, and multifamily) ·      Residential construction, labor, and trades ·      Building products companies ·      Lenders to home builders and developers ·      Private equity investors If you are trying to make sense of housing (single-family, MF, BTR, SFR, affordable), capital markets, migration and immigration trends, Fed policy, and the impact on housing and the economy at the national and metro levels - you should reach out to learn more about our research memberships. When you have a potential new development or acquisition you are evaluating, our consulting team can help you identify the risks and opportunities with your site-specific project. #jbrec #jbrecResearch #jbrecConsulting #feasibilitystudies #marketstudies #cashflowanalysis #valuationanalysis

Don't miss MMG Research's latest report! 📈 The latest census data highlights a notable shift in the balance between renter and owner household tenure in the United States. With renter-occupied households growing by 9.1% over the past decade, surpassing owner-occupied households' increase by 0.5%, there's a clear indication of a preference for renting over owning. Read the full report here: 👇 https://lnkd.in/ehkQ_dcD  MMG Real Estate Advisors   #MarketTrends #HousingMarket #mmgrea

Recent report shows home prices across the nation are at an ALL TIME HIGH. So, are we in a housing bubble? 🤔 There’s a lot to unpack here, but let’s keep it simple for now: You can't have a housing bubble when there's a shortage of available homes for sale. 🏘️ And if the data on demand indicates solid demand (i.e., large demographics of new household formations, wage growth supporting affordability, strong underwriting criteria [as opposed to 2008], etc.), this supports the non-bubble territory our economy is in. Link to Report: https://lnkd.in/geMQrP9q #HousingMarket #HomePrices #RealEstate #HousingBubble #MarketTrends

Swipe left for the ultimate guide to finding your perfect home! 🏡✨ From setting your budget to considering resale value, these 8 tips cover every angle. 🔄💡 And why stress? Skip the hassle and let Census Consultant simplify your home buying journey. 🤝🏠 Census Consultant #CensusConsultant #CensusConsultantForUsUMatter #ForUsUMatter #BestRealEstateConsultant #RealEstate #Consultancy #Investment #RealEstateInvestment #Gurugram #DreamHome

Looking at the trends in home prices compared to incomes over the years, where do you think this ratio will go in the next 5 years? What data is missing that we really should be taking into consideration? 📈 DATA SOURCES ::Median Sales Price of Houses Sold for the United States:: U.S. Census Bureau and U.S. Department of Housing and Urban Development. (n.d.). Median Sales Price of Houses Sold for the United States [MSPUS]. Retrieved from Federal Reserve Bank of St. Louis website: https://lnkd.in/gdheurFg ::Median Household Income in the United States (Nominal):: U.S. Census Bureau. (n.d.). Median Household Income in the United States [MEHOINUSA646N]. Retrieved from Federal Reserve Bank of St. Louis website: https://lnkd.in/gfsgdC87

The typical new home in the U.S. is getting smaller! In 2023, the average size of new homes under construction dropped to 2,411 square feet. The median size of these homes is now 2,179 square feet, the smallest in 13 years (source: National Association of Home Builders). Changing Buyer Demographics: 30% of recent home buyers are single. 70% of home buyers are child-free. With a significant portion of buyers being single or without children, the need or desire for large homes is decreasing. Many builders are responding to this trend by constructing smaller homes that better suit the current market demand. What This Means for Buyers: More options for those seeking manageable living spaces. Potentially lower costs and maintenance requirements for smaller homes. A shift towards more efficient and versatile home designs. As the trend continues, now is the perfect time to explore and invest in smaller homes to meet this growing demand! Let's discuss how I can help you reach your real estate goals. Barbara (201-709-7459)

As we head into 2024, the real estate market in Canonsburg and Washington, Pa is poised for some significant changes. From shifting interest rates to changing demographics, there are a variety of factors that will impact the market in the coming year. As a real estate investor, it’s important to stay informed and up-to-date on these trends in order to make informed decisions about your investments. Here are ten things Washington County Pa real estate investors need to know about the real estate market as we head into 2024. https://lnkd.in/erNGkJbe

UNLOCK | When looking to buy residential real estate, it’s important to use a local specialist, not a generalist from interstate. Sure, they’re able to access data on their computer- but data can be misleading if you don’t take into account the full picture. You need to understand all the details. Things like population demographics, the best streets in the best suburbs, council and school zoning, infrastructure upgrades in the pipeline, parks and public transport. Is this an area that people actually want to live in? That owner-occupier appeal is what drives price growth. Buying in SA? Stick to an SA specialist.