The median sale price was just 1.5% below its all-time high in June, and the average home sold for above its list price for the first time in roughly a year. The number of homes for sale fell 15% to an all-time low in June, the biggest decline in two years, as elevated rates kept
Rent growth has slowed rapidly, but rents remain costly as landlords offer perks like free parking instead of lowering prices to fill vacant units. The good news is that months of cooling rent increases are finally helping bring down inflation in a big way. The U.S. rental market has been slowing for more than a
The Cape Coral metro area has more than made up for the plunge in new listings caused by the storm. Home sales have also started to rebound. Listings of homes for sale in the Cape Coral-Fort Myers, FL metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have
30% of surveyed homebuyers said seeing a rainbow flag in a neighborhood would make them more likely to bid on a home there. But the nation is divided; 22% said it would make them less likely to submit an offer. Nearly half of buyers said seeing a Confederate flag in a neighborhood would make them
The pool of homes for sale is shrinking because homeowners feel trapped by rising mortgage rates, with new listings down 25% to the third lowest level on record. A shortage of homes for sale is fueling bidding wars in some areas despite sluggish homebuyer demand; 37% of homes that sold in May went for more
Nationwide, rents declined 1% from a year earlier in May—the largest drop since 2020— as a building boom increased supply and economic uncertainty cooled demand. The median U.S. asking rent fell 0.6% year over year to $1,995 in May—the largest annual decline since March 2020, when the coronavirus was declared a pandemic. That compares with
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