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U.S. Asking Rents Ticked Up for Second Straight Month in May, Hitting Highest Level Since 2022

U.S. Asking Rents Ticked Up for Second Straight Month in May, Hitting Highest Level Since 2022

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[...]
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U.S. Home Prices Hit an All-Time High in April

U.S. Home Prices Hit an All-Time High in April

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[...]
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One-Third of Houses For Sale Are Newly Built, Just Shy of the Record High

One-Third of Houses For Sale Are Newly Built, Just Shy of the Record High

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[...]
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Gen Zers and Young Millennials Took Out 40% of U.S. Mortgages in 2023

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,[...]
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Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand

Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand

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[...]
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