The road to home ownership has been difficult for many Americans in the last few months. Sticky inflation, soaring rates, which in turn are translating into ballooning mortgage rates, and short supply have left many would-be homebuyers on the sidelines.
Today, everything from a movie ticket to college tuition is more expensive than it was a few decades ago. And the wages aren’t rising as fast as the prices.
Freddie Smith, a realtor from Orlando, Florida, says this is especially
by Calculated Risk on 7/09/2023 08:12:00 AM
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Danielle Hale: Weekly Housing Trends View — Data Week Ending July 1, 2023
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WASHINGTON (June 8, 2023) – The US housing market is short of more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch impacts
As we find ourselves on the brink of an economic downturn, it’s normal to be experiencing a little anxiety. The headlines are dominated by news of job losses, syndication deals not meeting projections, and businesses closing up shops, all painting
Realtor.com has re-examined its prior housing predictions, and now expects a dip in prices and rents.
But downgrading the 2023 outlook does not signal a major wave of relief.
“Home costs are still going to be higher for buyers
By Aarthi Swaminathan
The median price of homes for sale is falling in several major metro areas, and hit $445,000 in June, Realtor.com says
Home prices are falling in major cities in the Sun Belt, but don’t necessarily interpret that
What a difference a few months can make in the housing market.
Late last year when Realtor.com® issued its housing forecast for 2023, our economics team believed the number of homes for sale would substantially jump, home prices would continue
How many “first dates” have you been on with homes you hoped to buy that ended up falling flat? The photos online looked good. On paper, the property had everything you need. But in person, you realize: No way. And
by Calculated Risk on 6/15/2023 02:16:00 PM
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending June 10th, 2023
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