First American: Real House Prices Up Yet Again
The monthly RHPI report said potential sellers are unlikely to lose all the equity they have gained.
The monthly RHPI report said potential sellers are unlikely to lose all the equity they have gained.
Home-price growth has slowed fastest in pandemic boomtowns like Austin, Phoenix and Boise, with inflation and high mortgage rates to blame.
October sales fell 5.9% from September, and are down 28.4% year over year.
Stubborn sellers are staying put with their comfortable monthly mortgage payments.
The National Association of Realtors also said 46% of metros registered double-digit price increases.
Fannie Mae survey finds just 16% of consumers say now is a good time to buy a home.
Nearly 50% of mortgaged residential properties in the nation are equity-rich.