Housing Market
All Reports
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 […]
November 4, 2022
High mortgage rates, persistently high home prices, inflation, considering crime and LGBTQ protections in deciding where to live: Those are some of the housing-related issues on Americans’ minds as they head to the polls for 2022’s closely watched midterm elections. That’s according to an October Redfin survey of 2,000 U.S. residents. With monthly mortgage payments […]
