Second-Home Demand Falls 18% as Affordability Pressures Bite
Second-home mortgage applications fell 18% year-over-year in Q1 2026 as affordability pressures and insurance costs deterred discretionary buyers.
Second-home mortgage applications fell 18% year-over-year in Q1 2026 as affordability pressures and insurance costs deterred discretionary buyers.
Boston luxury home sales above $3 million rose 29% year-over-year in Q1 2026, leading all major US metros in high-end volume growth.
Cincinnati home sales rose 17% year-over-year in Q1 2026 as remote workers from higher-cost coastal markets sought the metro's affordability.
Small landlord sentiment improved in Q1 2026 as rental collections normalized and operating cost growth decelerated, per NREIA survey data.
Waterfront Tampa Bay condos held median prices above $580,000 while inland condo median prices fell 6% year-over-year in Q1 2026.
Attorney fees for residential real estate transactions rose 18% nationally over three years as post-settlement complexity increased.
St. Louis multifamily permits rose 23% year-over-year in Q1, one of the few metros showing growth as national multifamily activity contracted 12%.
Cleveland ranked as the top cash-flow market in the Midwest in a February report, with typical rental properties generating $340 monthly after expenses.
NAR's semiannual agent survey showed 61% of brokers reported reducing list-price expectations with sellers in Q1, the highest reading in eight years.
Columbus Ohio metro inventory rose 28% year-over-year in March as listings normalized and some price moderation emerged.
Indianapolis multifamily cap rates reached 7.0% in Q1 2026, attracting value-focused investors as coastal metros compress below 5.5%.
Buyer use of appraisal gap coverage fell to 11% of offers in Q1 2026 from 27% at the 2021 peak as bidding wars cooled nationally.