Analysis and Data
New Jersey, Illinois, and inland California had the highest concentrations of the most at-risk markets in the first quarter.
The national share of price drops reaches a record high.
Driven by purchase applications.
National rents grew at a double-digit annual pace for the 10th straight month in May, but by the smallest amount since fall 2021 – hinting at potential relief to come later this year.
After unprecedented earning years, is now the time to sell?
Limited Sense Of Control Comes At Great Cost
National Association of Realtors also reports that median sales price tops $400,000 for the first time
Surging prices and interest rates have made mortgages less affordable than at any time since at least 2007.
There are two trends locking homeowners in place and preventing much-needed housing supply from reaching the market.
Rising interest rates and building material supply-chain disruptions act as significant headwinds on the housing market.