Housing Market
All Reports
August 13, 2024
The nationwide median asking rent was $1,647 in July, down $53 from the all-time high in 2022. Rents for 3+ bedroom apartments fell the fastest, dropping 2.4% year over year. Rents fell in Sun Belt metros, especially in Florida and Texas, where new construction levels have been strong since the pandemic. The median asking rent […]
August 8, 2024
There are now eight trillion-dollar metros, up from four a year ago, with Anaheim, CA, Washington, DC, Chicago and Phoenix joining the list of places where the total value of homes tops $1 trillion. Two New Jersey metros within commuting distance of New York saw the fastest growth in aggregate home value, while Sun Belt […]
August 8, 2024
A soft jobs report and recession jitters sent mortgage rates down last week. Despite the small improvement in affordability, pending sales still posted their biggest year-over-year decline in 9 months–but the rate drop prompted some prospective buyers to start the house-hunting process. Mortgage rates dropped to their lowest level since April 2023 early this week, […]
August 5, 2024
House hunters should consider jumping into the market now, with last week’s soft jobs report sending mortgage rates to their lowest level since April 2023. Daily average mortgage rates have dropped to their lowest level since April 2023, welcome news for homebuyers who have been waiting for affordability to improve. A homebuyer on a $3,000 […]
August 5, 2024
17.3% of house hunters, overall, would trade off their safety to find an affordable home. Concern for safety is also a common reason why people are looking to move in the first place. Access to healthcare services, restaurants, bars and coffee shops top the list of trade-offs house hunters are willing to make in order […]
