Analysis and Data

While year-over-year numbers are strong, monthly growth is minimal.

Redfin survey finds many residents prefer living in states with liberal abortion laws, yet economic factors dominate relocation decisions.

But expectations about household financial situation improve.

Decreased origination activity and ongoing inventory shortage cast shadows over an already challenging housing landscape.

Persistent high interest rates and scarce inventory lead to steep decline in affordability.

Suburban appeal, Millennial influence, and 30-year mortgages shape dynamic real estate market.

Affordability concerns grow as robust economy drives rates closer to 7%.

Mortgage payments on a typical home rise by 11.6% year-over-year.

A new report by the Bureau of Labor Statistics shows housing costs leading the increase, with core CPI at 4.7% for the year.