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Key Takeaways: The most overvalued markets to purchase a home tend to be located in California, but also include popular vacation home markets in Hawaii, tech-centered Seattle, Washington, and pandemic-era “Zoomtowns” including Greeley, Colorado, and Boise, Idaho. The most overvalued markets to rent a home mostly include markets in Hawaii, California, New York, Florida and South Carolina. You’ll pay more to buy a median-priced home versus renting in several California MSAs as well as in Hawaii, Washington, Colorado and Utah. In the pre-pandemic days of late 2019 and early 2020,...

Over the next five years, although some trends accelerated by the COVID-19 pandemic will continue to influence real estate and land use, other factors will also gain in importance. Among those are an aging population, the rising costs of climate change, a more unstable world and the expansion of artificial intelligence into new corners of the economy. As a consequence, even if the housing market gradually unfreezes as mortgage rates slowly decline from 2023's highs, the hottest housing markets in 2028 may look a bit different from early 2024.This is...

Luckily for homebuyers, house hunting apps are growing in number and sophistication. As the online real estate marketing industry becomes more competitive, mobile apps are getting better at helping consumers find accurate housing information while offering features to help users narrow down their search. “My clients often use StreetEasy, Zillow and Redfin,” says Nicole Beauchamp, associate real estate broker of Sotheby’s International Realty in New York. Some apps are also collaborative or have extra features for real estate agents. “I really like to be able to see the history on...

The process of buying a home can feel intimidating, whether it’s your first real estate purchase or your third. The housing market we’ve experienced over the past several years doesn’t help either, as buyers struggle with unaffordable home prices, higher mortgage rates and limited inventory.The key to making it less scary is to know what’s ahead and surround yourself with knowledgeable professionals who can help guide you. Here’s a step-by-step checklist for buying a house:1. Understand the Current Housing MarketThe housing market has been extremely volatile over the last several...