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Daily average mortgage rates dropped to their lowest level in three months after the May CPI report showed that inflation is continuing to cool. That could bring back some demand; for now, home sales are still declining. The median U.S.[...]

Housing costs could come down in the coming months, as mortgage rates are coming down a bit and there are signs price growth could slow. Redfin agents report that there’s room for buyers to negotiate paying under list price for homes that[...]

Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier. There have been just two months in the past decade with fewer home sales: October 2023, when mortgage rates jumped to a 23-year[...]

Home prices rose 0.3% in May. Price growth is slowing thanks to a small uptick in new listings as elevated mortgage rates keep buyers at bay. Mortgage rates are expected to fall in the second half of the year, which would bring both buyers and[...]

The typical U.S. renter household earns an estimated $54,712 per year. That’s 17.3% less—or $11,408 in dollar terms—than the $66,120 a renter must earn to afford monthly rent for the median-priced U.S. apartment ($1,653). Just[...]