Housing Market
All Reports
February 8, 2023
Young adults taking on a new lease are getting some relief as rental price growth slows, helping cool their personal inflation rates. Gen Z and millennial renters have lower personal inflation rates than the overall U.S. population for the first time since the end of 2020. Gen Zers and millennials who signed a new lease […]
February 6, 2023
The typical Austin home costs six figures less than it did during the pandemic homebuying frenzy, but 6%-plus mortgage rates mean housing remains unaffordable for many locals. Austin’s median home sale price has dropped $135,000 from the apex it reached during the pandemic homebuying frenzy–but that doesn’t mean homes are affordable. The median-priced home in […]
February 2, 2023
Home sellers are starting to come off the sidelines to meet buyer demand as mortgage rates steadily decline, with new listings and pending sales both posting their smallest drops in four months. A homebuyer on a $2,500 monthly budget can afford a $400,000 home for the first time in four months as mortgage rates dip […]
February 2, 2023
Prospective homebuyers are getting some relief as monthly housing payments fall from their peak due to declining mortgage rates and home prices. It’s one reason for renewed homebuyer interest. The median monthly housing payment for San Francisco homebuyers has dropped 14.8%, from $9,973 to $8,496, since mortgage rates hit their pandemic-era peak in October, the […]
January 26, 2023
Pending sales posted their smallest year-over-year decline in three months as mortgage rates ticked down. Early indicators of homebuyer demand, including tour requests and mortgage applications, are increasing from their low point. Pending home sales fell 26% year over year during the four weeks ending January 22, the smallest drop in more than three months. […]
