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A record low number of homes for sale combined with an uptick in homebuyer demand propped up housing prices in June, even as elevated mortgage rates kept many buyers on the sidelines. The median U.S. home sale price was $426,056 in June, just[...]

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 to an all-time high. Prices will likely continue rising for at least the[...]

The U.S. rental market has been slowing for more than a year, but the median asking rent is still only $24 below its record high. It was $2,029 in June, little changed from $1,995 one month earlier, $2,019 one year earlier and a record high of[...]

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 five months. But this week’s inflation report–which shows that consumer[...]

The median U.S. home-sale price is down just 0.9% year over year, the smallest decline in nearly four months. That’s due to a lack of homes for sale, with a mismatch between supply and demand. New listings are down 27% from a year ago and[...]