RealtyHop – In the Press
Where Are the Most and Least Affordable Homes?
Dec 15, 2022 | New York Times
If you spend more than 30 percent of your income on your monthly housing payment, you are officially “cost burdened,” according to the Department of Housing and Urban Development (HUD). In December, that threshold was easily surpassed in most large U.S. cities, according to RealtyHop’s December 2022 Housing Affordability Index.
The 10 most expensive ZIP codes in the U.S.
Nov 12, 2022 | CNBC
Homes in the exclusive Bay Area town sold for a median price of $9 million in 2022, increasing 0.56% from 2021, according to an analysis by online realtor RealtyHop. The first-place ranking goes back three years to when the annual rankings were first tracked.
America’s most expensive ZIP codes: Coastal enclaves in California and New York dominate the top-10 list as Silicon Valley’s Atherton again ranks first with a median home price of $9M
Nov 12, 2022 | Daily Mail
Atherton, California, topped the 2022 rankings for the third year running, with a median home listing price of $9 million, according to the study released this week by real estate data firm RealtyHop.
The 12 least affordable housing markets in the U.S.
Aug 16, 2022 | CNBC
According to RealtyHop’s housing affordability index, many cities in the U.S. are still difficult to afford. Out of the 100 cities in the index, the average American would have to dedicate at least 40% of their income to own a home in 42 of them.
Developer hopes to provide relief to affordable housing crisis
July 19, 2022 | CBS Miami
According to a new report from RealtyHop, the average family in Miami would have to set aside roughly 86% of their annual income to afford the median-priced home, which is now around $600,000.
This California city just knocked S.F. off list of top five least affordable in U.S.
Dec 9, 2021 | San Francisco Chronicle
Nov 10, 2021 | Phoenix Business Journal
Oct 1, 2021 | Forbes
In fact, according to the October 2021 Housing Affordability Index report from RealtyHop, “Miami overtook LA as the second most expensive housing market in the country.” Professionals are willing to pay premiums to enjoy all the benefits that typically come with a vacation, in their daily lives that they did not have access to in places like New York or Boston.
OKC house prices may be more affordable than you think
Sep 3, 2021 | The Oklahoman
This might come as a surprise, but despite a 14% jump in home prices in just a year — one mere year — Oklahoma City still has some of the most affordable houses in the country, new research shows. Affordability actually improved the past month, according to RealtyHop.com, an online housing marketplace geared toward investors and “buyers with an investment mindset.”
Aug 30, 2021 | The Real Deal
No surprise here: Los Angeles is still extremely unaffordable.The City of Angels again ranked as the country’s second least affordable city for prospective homebuyers, according to a report
published Monday by the website RealtyHop.
Orlando rents have seen some of the largest increases in the nation in 2021
Jul 12, 2021 | Orlando Weekly
Although Orlando isn’t as expensive as other cities, it entered in the top 50 of the least affordable cities in the nation, ranking No.49 in RealtyHop’s monthly housing affordability index.
DREAM ON: Amid a housing crisis accelerated by the pandemic, Colorado lawmakers try to preserve a slice of the American dream
Jun 12, 2021 | Orlando Business Journal
A different report, from RealtyHop, concluded this week that an average family in Aurora would have to set aside a third of their annual income to afford a home, making the growing city #50 on the group’s index of affordable housing markets in the nation. The city’s population is expected to hover around 450,000 people by the end of the decade, according to predictions made using U.S. Census data.
May 11, 2021 | Orlando Business Journal
RealtyHop’s monthly report compares housing affordability in the nation’s 100 largest cities based on the share of income needed for homeownership.
Reno land trust embarks on housing development for priced-out families
Apr 23, 2021 | North Nevada Business Weekly
It’s no big secret — the Biggest Little City has one of the smallest supplies of affordable homes in the U.S.
Case in point: Reno was named the 21st least affordable city among the 100 biggest metro areas in the country, according to RealtyHop’s April 2021 Housing Affordability Index, published March 29.
Housing analysis names Reno among the least affordable cities in the country
Mar 29, 2021 | Reno Gazette Journal
Housing affordability remains a problem for many residents of the Biggest Little City as a new report named Reno one of the least affordable cities in the U.S. — again.
Reno was named the 21st least affordable city among the 100 biggest metro areas in the country in the latest housing analysis released by real estate listing site RealtyHop. The study cited the high price of housing in the Reno-Sparks metro in relation to household incomes in the area.
San Francisco checks in at No. 5 on RealtyHop’s list of least affordable housing markets in the nation
Mar 29, 2021 | NBC Bay Area
San Francisco checks in at No. 5 on RealtyHop’s list of least affordable housing markets in the nation.
Reports Point to Another Hot, Uncertain Year in the Homes Market
January 21, 2021 | The Business Journal
Last year was a rollercoaster ride for residential real estate. Following a strong state of low inventories and affordable interest rates, spring threw everyone for a loop when buyers, sellers and realtors had to figure out how to do business in the midst of a pandemic.
Albuquerque lands in top third of realty website’s housing market health report
January 25, 2021 | Albuquerque Business Journals
A market health report from RealtyHop found Albuquerque’s housing market to be in the top third among 100 cities.
Actress Buys UES Duplex In One Of December’s Priciest Deals
January 4, 2021 | Patch Upper East Side
One of last month’s top apartment sales in New York City occurred on the Upper East Side — and the buyer is a face familiar to many TV-watchers and theatergoers.
It takes more than a decade to save a 20% down payment in these 4 cities
December 9, 2020 | Inman
Although historically low mortgage rates have made homeownership more affordable for a large swath of buyers, continuing supply constraints and stricter borrowing standards remain major roadblocks for Americans with lower incomes and credit scores.
This Is How Long You Have to Save to Buy a Home in Boston
December 9, 2020 | Boston Magazine
With 2021 right around the corner, many of us may be asking ourselves questions like, “How?” And, “a year, really?” And though the concept of time feels altogether bonkers at the moment, a new study by home listing site RealtyHop has put the value of a year into new perspective.
Upper East Side Had The Most Home Price Drops In NYC Last Month
December 4, 2020 | Patch Upper East Side
A stretch of the Upper East Side had the most drops in home prices of any New York City neighborhood last month, according to a new study.
These Are the Most Expensive U.S. Zip Codes in 2020 Based on Real Estate Listings
October 27, 2020 | Yahoo! Finance
If you’ve ever wondered what zip codes are the most expensive in the United States, listen up: The property investment site RealtyHop compiled a list of the priciest American zip codes based on real estate listings in 2020 so far.
Here are the NYC apartments for sale with the deepest price chops in September
October 6, 2020 | Brick Underground
Sellers continued to slash their listing prices last month, mostly in Manhattan. Neighborhoods here topped RealtyHop’s latest lists of areas with the most price cuts, continuing a trend of the last several months, with one exception: A Bronx co-op did make the list of the highest percentage price drops.
Jacksonville’s housing market boom continues
September 21, 2020 | Jacksonville Business Journal
Jacksonville, like much of the rest of the country, is experiencing a housing boom not seen since the lead up to the 2008 market crash.
Index puts Reno 18th among least-affordable housing markets”>Index puts Reno 18th among least-affordable housing markets
September 12, 2020 | Associated Press
Reno has become one of the top 20 least affordable housing markets in the U.S., with cost-burdened households needing to spend nearly half of their income to afford a median home, according to a monthly report by a real estate website.
New York City neighborhoods see real estate price drops throughout month of August
September 10, 2020 | AM NY
A handful of New York City neighborhoods saw price drops in August 2020, according to a new report.
Pandemic to worsen Orlando’s affordable housing shortage
August 31, 2020 | Orlando Business Journal
Orlando is already short tens of thousands of affordable homes, and may fall further behind as the coronavirus pandemic triggers job losses while housing costs stay high.
Report: Tampa, St. Pete among hottest housing markets in U.S. for July
July 22, 2020 | Tampa Bay Business Journal
Tampa and St. Petersburg had some of the hotter housing markets among the nation’s 100 largest in July.
If the economy is so bad, why are home prices still high in Dallas-Fort Worth?
June 29, 2020 | Fort-Worth Star-Telegram
Real estate prices in Dallas-Fort Worth are still sizzling, despite the COVID shutdown, data provided by real estate researchers shows.
Survey finds COVID-19 has disproportionate impact on minority housing options
June 16, 2020 | Chicago Agent Magazine
“How has your housing situation been affected by the COVID-19 outbreak?” That’s the question RealtyHop recently posed in its annual U.S. real estate survey, which found that almost half of respondents reported that COVID-19 disrupted their housing plans in some way.
Long Island City, Forest Hills see high number of home listings drop in price: Report
June 8, 2020 | QNS
While some real estate prices across Queens dropped in May, when compared to the rest of the city, the borough’s real estate market fared relatively well during the past month of the COVID-19 crisis, according to a new report.
Here’s how Orlando ranks for home affordability
May 5, 2020 | Brick Underground
Orlando ranked No. 43 out of 100 cities nationwide in terms of affordability when it comes to owning a home, a new report from RealtyHop shows.
Here are the NYC apartments for sale with the deepest price chops in April
June 6, 2020 | Orlando Business Journal
Fewer New York City apartment sellers cut prices in April compared to March, according to a new RealtyHop report.
Report: Tampa’s housing market health improved in February, while St. Petersburg’s fell
March 24, 2020 | Tampa Bay Business Journal
In a ranking of the 100 largest housing markets in the U.S., Tampa ranked as the 38th healthiest market, up three spots from the last ranking. In February, the city’s homes had a median price difference of $10,000, or a -2.70 percent median change in price.
Queens Residents Donated To Sanders and Trump in Big Numbers in 2019: Report
February 25, 2020 | LIC Post
Sanders received campaign money from 984 unique donors from Queens residents last year, while Trump followed closely behind with 867 unique donors, according to a RentHop study released last week.”
Number of SF homes selling under asking price spikes four months in a row
February 24, 2020 | Curbed San Francisco
Here’s one to turn heads: Real estate site RealtyHop has declared San Francisco one of the coldest home markets in the nation for the last four months in a row.”
Housing prices in St. Louis lower than most large US cities
February 14, 2020 | St. Louis Post-Dispatch
St. Louis came in at No. 10, out of the largest 100 U.S. cities, in a list from online real estate site RealtyHop that compares average home prices.”
Home Prices Drop Fast In These NYC Neighborhoods
February 3, 2020 | Patch New York City
Prices were slashed in some New York City’s poshest neighborhoods, a new analysis shows. Find out where.”
Why Riverside Anaheim rank among nations strongest housing markets
January 23, 2020 | Orange County Register
Riverside and Anaheim are among the nation’s strongest housing markets, according to a new report from RealtyHop.”
Working with investors? Here’s the number crunch in Chicago
January 14, 2020 | Chicago Agent Magazine
To help investors researching properties from that perspective, investment property site RealtyHop recently released its January Property Investment Index detailing residential capitalization rates and net operating income across the 100 most populous real estate markets in the United States.”
Homeownership in Seattle Is Super Expensive, But the City Is Far Better Off Than the Worst-Case Examples
January 10, 2020 | Seattle Business Magazine
Narrowing the gap between income and home prices matters in making good on the dream of homeownership for more families, study shows.”
Glendale homes selling for top price
January 3, 2020 | The Glendale Star
According to RealtyHop, a national real estate listing company, “Glendale ranked in the top 10 hottest housing markets in December, with a -1.92% change in asking price.””
Four Bay Area cities ranked as the coldest real estate markets in the U.S.
December 20, 2019 | Mercury News
Bay Area real estate has long been hailed for its sizzling hot prices, million dollar tear-downs and bidding wars. But a new report from housing website RealtyHop shows that what goes up does tend to come down eventually.”
Stockton housing market still hot
November 18, 2019 | ABC 10
Property investment firm RealtyHop reported the city saw its median change in asking price drop $4,999 during the past month. Even so, that ranked Stockton third in the country for that small of a difference for the average listing price.”
Turtle Bay & East Midtown saw the most price drops: Report
November 11, 2019 | AM NY
Turtle Bay – East Midtown saw the highest number of price drops across all New York City neighborhoods in October, according to a report by RealtyHop.com.”
Report: Austin home affordability ranks in bottom third among 100 largest U.S. cities
November 7, 2019 | Curbed Austin
First, the good news: Home-buying in Austin is slightly more affordable than it was last month. That’s according to a November report from listings site RealtyHop, which crunched U.S. Census numbers and more than 300,000 listings in its database to rank the 100 largest U.S. cities for affordability.”
Report: Atlanta in bottom third for home affordability among 100 biggest U.S. cities
November 4, 2019 | Curbed Atlanta
First, the good news: The City of Atlanta’s average home price of $330,000 translates, roughly, to a typical mortgage, plus taxes, being in the ballpark of $1,630 monthly.”
See where Cincinnati ranks in home affordability
September 30, 2019 | Cincinnati Business Courier
Cincinnati ranks in the top half of the 100 most populous U.S. cities for home affordability, according to a new report.”
Report: Tampa among least affordable cities for homeowners
September 11, 2019 | Tampa Bay Business Journal
Three other Florida cities ranked in the top 50 least affordable.”
This neighborhood saw the most home-price drops last month
September 5, 2019 | Crain’s New York Business
The market continued to slow during the month of August with New York City seeing a significant decrease in the number of price drops across all boroughs, according to a recent report by RealtyHop.”
California’s Biggest Cities Confront a ‘Defecation Crisis’
August 30, 2019 | CBS Boston
It may come as no surprise, but Boston is one of the least affordable places to buy a home. A new report from real estate website RealtyHop puts the city fifth on its list of least affordable housing markets.”
California’s Biggest Cities Confront a ‘Defecation Crisis’
August 16, 2019 | Wall Street Journal
The website RealtyHop.com dubs San Francisco “the doo-doo capital of the U.S.” They noted that the city’s poop reports almost tripled between 2011 and 2017.”
Which presidential candidates have snagged the most money from Portlanders in 2019?
July 24, 2019 | Portland Business Journal
RealtyHop broke down presidential donations by geography. Here’s who collected the most in the Rose City.”
2020 Candidates Are Highlighting Housing Affordability Issues. Here Are The Least Affordable Housing Markets
July 7, 2019 | Newsweek
The housing affordability crisis is particularly exacerbated in certain cities, like Los Angeles, where the average household pays more than 91.4 percent of their annual income to own a home, according to RealtyHop. Miami, New York, San Francisco and Oakland, where those seeking to buy a house would still have to pay 68.1 percent percent of their annual income, comprise the top five most expensive markets.”
These 5 NYC neighborhoods saw real estate prices drop in May
June 6, 2019 | New York Business Journal
RealtyHop crunched data and put together an interactive map to illustrate which neighborhoods saw the steepest fluctuations.”
Report: San Francisco is fourth least affordable place to own a home
June 3, 2019 | Curbed San Francisco
Many understand that San Francisco has some of the most punishing housing prices in the country—common knowledge even among those who don’t live here. But for anyone in search of more grim details on the topic, New York-based real estate site Realty Hop offers its monthly “affordability index.” Among its conclusions: SF is the fourth-least-affordable U.S. city in which to own a home, based on estimates of average monthly mortgage versus the median household income.”
Boston Has One of the Least Affordable Housing Markets in the Country
May 29, 2019 | Boston Magazine
As you might have heard, real estate in Boston is expensive. And when stacked up against cities around the country, it turns out the Hub has one of the least affordable housing markets out there, according to RealtyHop. The real estate website’s June report shows that Boston is the eighth most expensive place to own a home in the U.S.”
How affordable is buying a home in Philly versus the rest of the country?
April 1, 2019 | Curbed Philadelphia
A study examining the least and most affordable cities in terms of home buying puts Philly squarely in the middle. The report, which was put together by housing data site RealtyHop, compiled data on average house prices, property taxes, and median household income, and compared various major U.S. cities based on the data.”
Homeownership in Dallas requires 47% of a household’s annual income, report says
March 5, 2019 | Dallas Business Journal
Out of the 100 most populous cities around the nation, Dallas came in 84th place in a list that ranked the most affordable cities for homeownership.”
The 5 Most Expensive U.S. Cities for Homeowners
February 5, 2019 | Apartment Therapy
RealtyHop, a real estate search engine, just released their first-ever Housing Affordability Index, ranking the top 100 metropolitan areas in the U.S. by each city’s cost burden for homeowners. If you live in one of the nation’s costly urban hubs, you won’t be surprised to read, that according to the analysis, homeowners in the most expensive cities need to shell out around half of their income on housing—or more.”
Millennials should move to one of these 20 smaller cities
October 31, 2018 | Inman
Where should Millennials looking to buy a home move to? RealtyHop, a startup sale and rental listings portal that attempts to predict what a property will rent for, crunched U.S. Census data and figured out the best metropolitan areas for millennials.”
Atlanta scores B- as landing spot for millennials in 2018
October 31, 2018 | Curbed Atlanta
Three years ago, MONEY magazine raised eyebrows and stoked some modicum of local pride by declaring Atlanta the second best U.S. city for millennials, slotting the Big Peach between rival Austin (No. 1) and Columbus, Ohio. Now, according to an analysis by national home sales and data site RealtyHop, Atlanta is merely a B- option for younger Americans looking to put down roots.”
San Francisco dubbed ‘doo-doo capital’ of US thanks to out-of-control bum crisis
October 10, 2018 | NY Post
One of the most beautiful cities in the country has turned into a dumping ground for Bay Area bowel movements — and things have gotten so bad, the California city is now dubbed the “Doo-Doo Capital in the US.””
13 Ways To Make Moving Less Stressful
August 9, 2018 | Bustle
When it comes to getting ready to move, looking around at all your belongings, from furniture to knickknacks, can be overwhelming. However, if you focus on one room at a time, it’ll reduce your stress and you’ll be able to cut your big goal — packing up your entire place — into smaller ones. “Pack one room at a time,” Shane Lee, corporate communications analyst at RealtyHop, tells Bustle. “This helps you keep things organized and saves you lots of time later when you unpack.”
Tour Taylor Swift’s Home This Sunday? Here’s Where to Go—and Why You Can
May 2, 2018 | Realtor
Taylor Swift is clearly done with Beverly Hills. News has surfaced that the pop star has recently sold one of her homes there for $4 million, and just listed another one nearby. Even stranger? These two homes—and her approach to selling them—couldn’t be more different. Let’s compare!
Top 25 Tips for Selling a Rental Property From the Pros
April 30, 2018 | FitSmallBusiness
There are many reasons why long-term real estate investors sell a rental property. Unfortunately, selling a rental property can be just as challenging as managing it, such as knowing the tax on sale of rental property. To help, we spoke with the industry experts on the best ways to sell a rental property for a profit.
How Much Below the Asking Price Should You Offer on a House? Answers Here!
Apr 23, 2018 | Realtor
How much below asking price should you offer on a house? Or is it something you shouldn’t try at all? The not-so-simple answer: It all depends on the market you’re in and other factors you should weigh before you lowball with abandon.
What Happened To A Trump Apartment In New York After The Election?
April 18, 2018 | Investing Channel
In the 2016 elections, Hillary Clinton won New York City with 79% of the vote. In Manhattan, that number was 86.6%. On the island where Donald Trump first made a name for himself as a real estate developer, fewer than 1 in 5 residents voted for him. We decided to look at this situation through the lens of a single Manhattan apartment complex. Who would want to live in a Trump-brand building in a strongly anti-Trump borough?
20 Tips for Selling a Home in Today’s Market
Feb 05, 2018 | Cheapism
Nothing is more attractive to prospective buyers than a nicely designed yard, says Shane Lee, of RealtyHop.com. “Spend some time and money mowing the lawn, growing plants and adding colorful flowers,” said Lee. “That will make your house look incredibly valuable.”