News

Housing Market Update: The Typical U.S. Homebuyer’s Monthly Payment Is Up Nearly 20% From a Year Ago As Prices Rise

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 due to the lack of supply, with inventory posting its biggest drop in 18[...]
Read More
Rental Market Tracker: Asking Rents Are Inching Closer to Their Record High

Rental Market Tracker: Asking Rents Are Inching Closer to Their Record High

The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. While rents are just shy of their all-time high, rent growth remains sluggish. The median asking rent was up just 0.3% from a year earlier in[...]
Read More
Housing Market Update: Low Demand + Lower Supply = High 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 its biggest drop in over a year and a half. The median U.S. home-sale price rose 3% year over year[...]
Read More
The Typical Teacher Can Afford Just 12% of Homes for Sale Near Their School, Down From 30% in 2019

The Typical Teacher Can Afford Just 12% of Homes for Sale Near Their School, Down From 30% in 2019

The average teacher can afford just 12% of homes for sale within commuting distance of their school, down from 17% last summer and 30% in 2019, before the pandemic homebuying boom drove up housing prices.That’s according to a Redfin[...]
Read More
Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High

Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High

The share of million-dollar-plus homes is on the upswing after dropping to a 12-month low in February. That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Just over 8% of[...]
Read More

Showing 121 - 125 of 1102 posts