Tagged: Home Prices

Rising mortgage rates cause home sales to fall in May for only the second time on record, while home prices saw the smallest May increase on record.

Closings in May 2022 were 8.5% lower than May 2021.

For homebuyers who are still actively searching for a home, lower competition and more seller activity will provide some relief. 

Survey finds consumers have adjusted their expectations slightly downward on overall inflation.

Approximately 62%, or 62,000, homeowners with mortgages saw their equity increase in the first quarter by 32.2% year over year.

Price increases marked 123rd consecutive month of gains.

More than half (56%) of respondents said they don’t expect the Fed to materially reduce inflation while averting a recession.