First American: House Price Appreciation Changes Rent-Versus-Own Dynamic
Renting was cheaper in 48 of the top-50 markets in Q2 2024, but only 29 states when accounting for home equity gains
Renting was cheaper in 48 of the top-50 markets in Q2 2024, but only 29 states when accounting for home equity gains
Unemployment rate at historic low
Increases in income, inventory not enough to offset price, rate increases
Newest data could help incentivize rate cuts later this year
House prices nationally are now 54.7% higher compared to pre-pandemic levels.
New home sales drop 11.3% below April's revised rate
Just one housing market considered affordable to FTHB in Q1 2024
First American Data & Analytics reports May home price index 5.9% higher YOY
Economists say market is pricing out buyers
FHA mortgagees experiencing a potential or actual cyberattack must notify HUD within 12 hours.