Condo prices dropped 1.9% over the last year, marking the worst market performance since 2012. More than 10% of condos nationwide are underwater, meaning owners owe more than the units are worth. HOA fees accelerated faster than wages, insurance, or property taxes. The Surfside collapse fallout triggered reserve study requirements that exposed decades of deferred…
National data confirms what we’re seeing on the ground in the Sunbelt: the rental market has split into two separate economies, and the gap is widening. Every week, our leasing team fields inquiries from prospective residents who have read the headlines about falling rents. They have seen the national data showing 29 consecutive months of…
The median American household now spends $2,035 per month on homeownership costs. New buyers face $2,225 monthly mortgage payments, the highest figure in decades. Insurance premiums jumped 5.3% year-over-year. Meanwhile, median household incomes have remained essentially flat since 2019. This isn’t a temporary affordability crunch. This is a structural break in how housing economics work…
Austin rents dropped 15.2% from peak. Phoenix fell 9%. Denver declined 8.5%. In some markets, Class C workforce housing now costs more per square foot than newer Class A luxury units. This isn’t what the affordable housing advocates predicted. They argued luxury development drives displacement and raises costs. The actual data shows the opposite: building…
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