Housing Market News
Typical Monthly Housing Payment Drops to $115 Below Record High As Mortgage Rates Decline. But House Hunters Are Still Waiting on the Sidelines.
Mortgage rates dropped to their lowest level since February after the latest CPI report showed inflation cooling. Still, pending home sales posted their biggest decline
Home-Sale Prices Hit Record High For 9th Straight Week, But Rising Supply and Slow Demand Could Dampen Further Price Growth
The median U.S. sale price is up 5% year over year. But there are signs that price growth could slow soon, with the average home
U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%
Pending home sales posted their biggest decline since February during the four weeks ending June 30. The good news for prospective buyers: There are more
The Typical Home Is Selling For Less Than List Price, the First Time That Has Happened in Late Spring Since Start of Pandemic
The typical U.S. home that sold during the four weeks ending June 23 sold for 0.3% less than its asking price. This marks the first
Home Prices Hit New High, But Buyers Gain Power as Stale Listings Pile Up and Price Drops Become More Common
Housing costs could come down in the coming months, as mortgage rates are coming down a bit and there are signs price growth could slow.
U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline–Which Could Give Buyers Relief
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