The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history. Continue reading
The median sale price of an existing U.S. home declined to $389,500 in August, down from July when it sat at $403,800, according to data released Wednesday by the National Association of Realtors. Continue reading
Yet another sign of a widespread housing slowdown emerged as monthly rent price acceleration declined after 20 consecutive months of rapid increases, new data suggests. Continue reading
The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way. Continue reading
A legal battle of wills rages on as the three parties have motions to compel pending before the court. On Tuesday, REX pushed back against Zillow’s motion to compel, calling it a “fishing expedition.” Continue reading
The phrase “housing recession” has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult, experts told Inman. Continue reading
Pending transactions were down 19.9 percent year over year, but just 1 percent month over month, according to data released Wednesday by the National Association of Realtors. Continue reading
“Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price,” said NAR’s Chief Economist Lawrence Yun. Continue reading
Single-family homes saw a double-digit annual rise in sale prices in 148 of 185 metro markets in the second quarter, but overall numbers point to a housing market in the opening stages of a cooldown, according to a report. Continue reading
This week, Byron Lazine and Nicole White discuss NAR chief economist Lawrence Yun’s recent testimony to Congress and 2022’s biggest residential real estate transactions (so far). Continue reading