Housing Market
All Reports
November 8, 2023
Asking rents were little changed from a year earlier for the seventh-straight month as an increase in new units hitting the market drove up vacancies, making it harder for landlords to raise prices. The median U.S. asking rent in October was $1,978, little changed (-0.3%) from a year earlier, but down 3.7% from the $2,054 […]
November 8, 2023
The share of homes bought in all cash hit its highest level since 2014 in September as elevated mortgage rates made paying in cash more attractive and priced out many buyers who would need loans. The number of all-cash sales was still down 11% from a year ago because the overall housing market has slowed […]
November 3, 2023
Luxury home prices rose 9% to the highest third-quarter level on record, growing nearly three times faster than non luxury prices. Luxury sales and listings also held up relatively well—a reversal from last year—as a rising share of high-end buyers escaped the pain of high mortgage rates by paying in cash. The median sale price […]
November 3, 2023
Budgets are getting some relief right now, with daily average rates dropping considerably from 8% to 7.5% over the last week. Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest portion on record. The record comes as mortgage rates hover at elevated levels, hitting […]
October 31, 2023
New builds are taking up a growing share of the pie as builders attract buyers with concessions, and surging mortgage rates prevent existing homeowners from selling. Nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction—the highest share of any third quarter on record. That’s up from 28.9% one year […]
