Weekly News Roundup Las Vegas Home Prices Poised to Fall Las Vegas Valley home prices could begin to drop in the second half of the year, according to a new Redfin report. The local real estate market is being hit by a number of factors all at once, said Asad Khan, a senior economist at…
Weekly News Roundup Home Delistings Surge Almost 50% Delistings jumped 47% nationally in May from a year earlier, in a sign that sellers would increasingly rather wait than negotiate, according to the Realtor.com® economic research team’s latest monthly housing trends report. Year to date, delistings are up 35% from the same period in 2024. The…
Weekly News Roundup San Francisco Housing Booms with AI While San Francisco has long been associated with an elite housing market, the City by the Bay has reportedly seen a resurgence in home sales thanks to a booming technology: artificial intelligence. The city’s connection to Silicon Valley, combined with the recent upswing in AI startups,…
Weekly News Roundup Home Price Turning Point? Home sellers now outnumber buyers in the U.S. by nearly 500,000, “the largest gap between the two groups since Redfin began compiling the data in 2013.” It’s a stark reversal from the post-pandemic frenzy when sellers had buyers lining up and bidding up the few available properties. Now…
Weekly News Roundup Office Supply Shrinking America has a glut of office buildings. That longstanding surplus is finally shrinking. The number of property demolitions and the pace of office conversions into residential buildings are accelerating. Developers, meanwhile, have greatly slowed new office construction because of questions about future tenant demand. As a result, the amount…
Weekly News Roundup Data Center Bubble? A spending frenzy has created concerns about whether too many data centers are being built. A TD Cowen analyst, Michael Elias, warned of potential “oversupply” in the market as some technology companies, including Microsoft and Foxconn, have stepped away from some leases. Still, there has been a flurry of…
Weekly News Roundup Modular Homes for Disasters Companies that use modular construction, 3-D printing or other nontraditional methods have existed for decades on the fringe of home building, often tainted by an association with lower-quality construction and previous missteps. Now, these companies are trying to break into the mainstream by offering a faster and less…
Weekly News Roundup Houses Getting Smaller As the housing market goes through the critical spring selling season, size matters. Buyers who are trying to purchase their first home but find themselves boxed out of their dream because of persistently high prices and mortgage rates, as well as low supply, are making certain concessions, just as…