Housing Market
All Reports
November 17, 2022
Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers. The largest weekly drop in mortgage rates in four decades, along with the slowest annual home-price growth since the start of the pandemic, is providing some relief for would-be homebuyers’ budgets. Last week’s better-than-expected inflation […]
November 16, 2022
Eleven major U.S. metros saw rents decline, with the largest drops in Milwaukee, Minneapolis and Baltimore. The median U.S. asking rent in October rose 7.8% year over year to $1,983, the smallest annual increase since August 2021. October marked the second-straight month of single-digit rent growth following roughly a year of double-digit gains. It was […]
November 15, 2022
Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage rates and persistently high home prices. The increases are especially big in Florida. A homebuyer must earn $107,281 to afford the $2,682 monthly mortgage payment on the typical U.S. home, up […]
November 10, 2022
Inflation has begun to slow, which is already helping bring daily mortgage rates down. However, a longer trend of lower inflation is needed for sustained rate relief. Home-sale prices rose 3.2% year over year during the four-week period ending November 6, the smallest increase since July 2020. The median home sale price has fallen 8.4% […]
November 8, 2022
New construction is taking up a growing piece of the housing inventory pie as scores of homes built during the pandemic go up for sale and individual homeowners hold off on listing amid a market slowdown. Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction—the highest share of any […]
