Housing Market
All Reports
June 18, 2024
Home prices rose 0.3% in May. Price growth is slowing thanks to a small uptick in new listings as elevated mortgage rates keep buyers at bay. Mortgage rates are expected to fall in the second half of the year, which would bring both buyers and sellers back to the market. If sellers come back faster, […]
June 14, 2024
There have been only two months in the past decade with fewer home sales. High home prices, elevated mortgage rates and an ongoing housing shortage are deterring buyers. The median U.S. home sale price hit a record high in May as demand continued to outpace supply, with the number of homes for sale roughly 25% […]
June 13, 2024
Daily average mortgage rates dropped to their lowest level in three months after the May CPI report showed that inflation is continuing to cool. That could bring back some demand; for now, home sales are still declining. The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, […]
June 12, 2024
More homes are sitting on the market for at least 30 days without going under contract, as homebuying demand falters in the face of high housing costs. More than three in five (61.9%) homes that were on the market in May had been listed for at least 30 days without going under contract. That’s up […]
June 11, 2024
The median asking rent climbed 0.8% year over year to $1,653—just $47 below the record high. Washington, D.C., Cincinnati and Chicago all saw double-digit increases. The median U.S. asking rent rose 0.8% year over year in May to $1,653—the highest level since October 2022. That’s the second consecutive increase (rents climbed 0.9% year over year […]
