U.S. Housing Market Has 40 Percent Less Active Listings in 2023 Than Before the Pandemic

According to a new report from national property broker Redfin, the total number of U.S. homes for sale dropped 6% from a year earlier during the four weeks ending June 11, 2023, the biggest decline in 13 months. 

Home Asking Rents Dip in the West, Yet Rise in Eastern U.S.

According to Redfin, the median U.S. asking rent fell 0.6% year over year to $1,995 in May 2023 -- the largest annual rent decline since March 2020. That compares with a near-record 16.5% increase one year earlier. May's drop also represented the first annual decline since March 2020 on a revised basis. The median asking rent rose 1.4% from a month earlier in May.

Life Sciences Office Vacancies on the Rise in Early 2023

According to a new report from CBRE, lab vacancies increased across the top 13 U.S. life sciences markets in the first quarter of 2023, providing relief for companies that had found little available space in recent years.

Architecture Billings Index Slowdown Continued in February

Based on new data from the American Institute of Architects, more U.S. architecture firms reported a decline in billings in February 2023, indicating an extension of a recent downturn in design activity.

Scottsdale Property News

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