Housing Market
All Reports
March 10, 2023
That outpaces the record 37% decline in sales of non luxury homes. The supply of luxury homes for sale is also near historic lows. Sales of luxury U.S. homes declined a record 44.6% year over year to the second lowest level on record during the three months ending Jan. 31, 2023. That outpaced the record […]
March 9, 2023
Elevated mortgage rates, along with prices that remain high–despite posting a 1% annual drop– pushed monthly housing payments to a record high of nearly $2,600. That’s dampening demand and preventing many would-be sellers from listing their homes. The typical homebuyer’s monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 […]
March 6, 2023
The share of U.S. homes worth at least $1 million has fallen to 7% from 8.6% last June as the housing market cools. Just over 7% of U.S. homes are worth $1 million or more. That’s down from June 2022’s all-time high of 8.6% and essentially unchanged from a year ago–but it’s up from 4.2% […]
March 2, 2023
The median U.S. home-sale price declined 0.6% year over year in February, marking the first annual drop since 2012–but high rates mean homes aren’t more affordable. The milestone comes as daily average mortgage rates hit 7.1%, dampening homebuying demand. U.S. home-sale prices have fallen from a year earlier for the first time in more than […]
March 1, 2023
Homeowner tenure is down slightly from the peak reached in 2020, but it has nearly doubled over the last couple decades, contributing to the lack of for-sale inventory. Baby boomers are driving the general trend of longer homeowner tenure; more than one-third of homeowners 65 and older have held onto their home for at least […]
