New listings are down more than 20% from a year ago as homeowners hang onto low mortgage rates. That’s causing buyers to snap up homes quickly and keeping prices from falling further; prices are down by roughly 3% annually, similar to the[...]
The median U.S. asking rent fell 0.4% year over year to $1,937 in March. That’s the first annual decline since March 2020—when the coronavirus was declared a pandemic—and the lowest median asking rent in 13 months. By comparison,[...]
Despite high housing costs and a limited supply of homes for sale, many people are out house hunting. The typical U.S. homebuyer’s monthly housing payment hit an all-time high of $2,538 as average weekly mortgage rates rose to 6.39%[...]
New listings of homes for sale are down 25% from a year ago, marking the eighth straight month of double-digit declines. That’s making it difficult for buyers to find homes but giving some sellers a competitive edge.New listings of U.S.[...]
The median U.S. home sale price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012. That follows February’s 1.2% dip, which was the first annual decrease since 2012.Pandemic boomtowns and pricey Bay Area[...]