Description
In this episode, we explore Redfin’s intriguing data that once linked a 1% increase in tech jobs to a 0.49% rise in home prices, and analyze whether this trend still holds today. By diving into fresh market data from CoStar and the Bureau of Labor Statistics, we investigate how the growth of tech and STEM jobs impacts real estate values across major U.S. metros. Discover why cities like Ogden, Sacramento, and Raleigh-Durham are seeing surges in both tech employment and property prices, and learn what this means for investors, homeowners, and anyone interested in the ripple effects of a booming tech economy on local housing markets.
Keep reading the article here: https://www.biggerpockets.com/blog/housing-markets-with-the-highest-tech-job-growth
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In today’s episode, we dive into the ripple effects of the Federal Reserve’s recent rate cuts on the mortgage market. Despite a much-anticipated dip in rates, refinancing activity has unexpectedly dropped, leaving many wondering what’s really driving these fluctuations.
From geopolitical tensions...
Published 11/18/24
Zillow reported that nationwide active inventory was up 22% year over
year in August, although it remained 31% lower than the pre-pandemic
level of August 2019. Meanwhile, new listings grew slightly monthly and
yearly but were 21% lower than the same month in 2019.
In a separate report,...
Published 11/17/24