Housing Market News
Housing Market Update: A Homebuyer on a $3,000 Budget Has Lost $71,000 in Purchasing Power Since Last Year As Mortgage Rates Hit 20-Year High
Daily average mortgage rates are sitting at 7.4%, close to their highest level in more than two decades. High rates, combined with high home prices,
Housing Market Update: Low Demand + Lower Supply = High Prices
U.S. home prices are up 3% year over year despite relatively slow demand. That’s due to a shortage of homes for sale, with inventory posting
Housing Market Update: The Typical U.S. Homebuyer’s Monthly Payment Is Up Nearly 20% From a Year Ago As Prices Rise
The median U.S. home-sale price is up 3.2% year over year, the biggest increase since November, and mortgage rates remain elevated. Prices are increasing largely
Housing Market Update: Homes Prices Are Up 3% Year Over Year, Biggest Increase Since November
A lack of homes for sale is pushing prices up. Inventory posted its biggest decline in 18 months as homeowners cling to relatively low mortgage
Housing Market Update: Home Prices Climb 2% From a Year Ago, With Low Supply Fueling Competition
Prices posted their biggest increase in over seven months, with more demand than supply as high mortgage rates deter sellers. That pushed monthly housing payments
Housing Market Update: U.S. Home Prices Rise For the First Time in Nearly Five Months
Elevated mortgage rates are cutting into homebuyers’ budgets; a buyer on a $3,000 monthly housing budget has lost $30,000 in purchasing power over the last