The Coverdales on Real Estate

05/25/2026

05/22/2026

🏘Homebuilder Confidence Perks Up as Congress Eyes Housing Reform Package🏘

Homebuilder sentiment perked up in May as the market for new single-family homes improved and a bill aimed at boosting housing supply gained traction in Congress.

Confidence in sales conditions, expectations for the next three months, and buyer traffic all increased in May, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

The index improved three points to 37 for the month. But the gauge, which rates builder confidence from a scale of 0 to 100, still remains firmly in bearish territory.

Confidence in sales conditions, expectations for the next three months, and buyer traffic all increased this month.

05/15/2026

Congratulations to our client on closing on their first investment property today!

05/15/2026

🏘The $25K Reason Buyers Should Reconsider New Construction🏘

New-construction homes often come with higher sticker prices, but a new analysis from Realtor.com® suggests they can be cheaper to own over time—potentially flipping the math for house hunters.

Nationally, buyers of new homes can expect to save an average of $25,335 over 10 years compared with buyers of 20-year-old homes, thanks to lower utility bills and fewer major system replacements, according to the Total Cost of Ownership report released on Thursday.

In some places, the savings are even larger. Buyers in Massachusetts can save nearly $39,000 over a decade. And in 16 of the nation’s 300 largest metros, the savings are big enough to erase the price gap between the median new-construction listing and the median existing-home listing entirely.

https://www.realtor.com/news/trends/new-construction-homes-total-cost-of-ownership-savings/

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05/13/2026

Congratulations to our client who added another property to their investment portfolio today!

05/08/2026

🏘Nearly Half of Americans Oppose AI Data Centers in Their Neighborhoods, While 38% Support Them🏘

❓❓❓Where Do You Stand?❓❓❓

Nearly half (47%) of U.S. residents oppose the construction of an artificial intelligence data center in their neighborhood, while 38% support it. This is according to a survey fielded by Ipsos and commissioned by Redfin, the real estate brokerage powered by Rocket.

The U.S. has more than 3,000 AI data centers, with thousands more in development as demand for AI surges. They’re controversial largely because they strain electricity and water resources, which increases energy costs, sparks environmental concerns and disrupts nearby communities with noise and large, industrial structures. They also tap into broader fears about AI: Roughly three in five U.S. residents believe AI will eliminate jobs, according to the same Redfin survey fielded by Ipsos.

Nearly half (47%) of U.S. residents oppose the construction of an artificial intelligence data center in their neighborhood, while 38% support it. This is...

04/28/2026

Ohio Real Estate Market Trends - March 2026

04/17/2026

🏘Iran War Dents Hopes for 2026 Housing Market as Top Economist Sharply Lowers Forecast🏘

ising mortgage rates are resetting expectations for home sales in 2026, in an early sign that the U.S.-Israeli war with Iran is taking a toll on the housing market.

National Association of Realtors® Chief Economist Lawrence Yun on Monday revised his 2026 forecast to project that existing-home sales volume would rise 4% compared to last year, a sharp pullback from the 14% annual growth he predicted last fall.

“Rather than a double-digit percentage increase, which I thought would occur in 2026, I think it is going to be in the low single-digit percentage gain this year," Yun explained on a call with reporters on Monday morning.

The National Association of Realtors now expects existing-home sales to increase just 4% this year, down from its earlier prediction of 14%.

04/03/2026

🏘Wages Are Catching Up With Home Price Growth—So Why Don’t More Buyers Feel Empowered?🏘

The housing market is finally sending buyers some encouraging signals, but not yet in a way that's likely to feel like broad relief for the middle class.

Wages are expected to grow 3.4% in 2026, according to WTW, a global advisory firm—outpacing projected home price growth by 1.2 percentage points. In hundreds of markets, that shift is already happening at scale, tilting the market toward affordability.

But what that doesn't capture is how far wages would have to go to return to pre-pandemic levels of affordability.

Wages are expected to rise 3.4% in 2026, but homebuyers would still need about 20% more income to regain pre-pandemic affordability.

03/27/2026

Congratulations to our team member Sara VanderPas on the closing of her listing in today!

Sara helped these sellers purchase a new home in 2020 and she was their first call when they were ready to sell their investment property this year! With multiple offers received within days of hitting the market they knew they'd made the right call yet again.