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Overall residential construction, however, ticked up 0.2% in May from April, and was 18.7% above the estimate for May 2021.
Redfin says a record-high share of home sellers dropped their prices after this month’s historic mortgage-rate hike.
Freddie Mac's weekly report found that the 30-year fixed-rate mortgage averaged 5.7%, down from last week's 5.8%.
Inventory recovery made major strides with the number of homes available to buyers climbing at its fastest annual pace of all time.
People say they want to live in places where they agree with the social laws.
The second quarter report found that nearly one-third of average U.S. wages were required for major home-ownership expenses.
House prices are now 52.9% above the housing boom peak in 2006.
On an unadjusted basis, the Market Composite Index decreased 20%.
Single-family rental home purchases targeted to larger Black populations.
The FHFA price index rose 1.6% in April, parallel with S&P’s reported 2.08% gain.