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The median asking rent climbed 0.8% year over year to $1,653—just $47 below the record high. Washington, D.C., Cincinnati and Chicago all saw double-digit increases.The median U.S. asking rent rose 0.8% year over year in May to[...]

The median U.S. home sale price rose 6.2% year over year in April to $433,558—the highest level on record.Today’s housing market is much slower than it was during the pandemic homebuying boom, but prices continue climbing because[...]

The share of houses for sale that are brand new is hovering at a level that’s nearly double the pre-pandemic rate. One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, essentially[...]

The lion’s share of mortgages went to young people last year. Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under 35, and 26.5% went to buyers aged 35-44. Next came 45-54 year olds, who took out 16.1% of new mortgages,[...]

More home sellers are cutting their asking price, suggesting sale-price growth could soften in the coming months. But this week, the median sale price rose to another record high, pricing out some buyers. Nationwide, 6.4% of home[...]