Tag: wsj-usnews
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Renters Finally See Market Starting to Cool After Record Growth
After more than a year of record run-ups in apartment rents, growth is starting to cool off, a trend that could help housing affordability and ease the rise in overall inflation, according to several market measures. Nationally, average apartment rents rose 9.4% in the second quarter of 2022 compared with the same quarter in 2021, ... -
Housing-Affordability Index Drops to Lowest Level Since 2006
Record home prices and higher mortgage rates in May made it the most expensive month since 2006 to buy a home, prompting more buyers to give up and pressuring sellers to cut asking prices. The National Association of Realtors’ housing-affordability index fell to 102.5 in May, the association said Friday, the lowest level since the ... -
Atlanta’s No. 1 Broker Bought Homes for Big Investors From 600 Miles Away
Atlanta’s top-performing residential real-estate agent lives in Florida. He didn’t set foot in Georgia for two years, and he sees no reason why he should. A.J. Steigman runs his own real-estate brokerage firm from his house in Parkland, Fla. From 600 miles away, he bought or leased more than 300 homes at a total value ...