Tagged: Housing Prices
Redfin reported that competition is easing in the housing market as mortgage rates and prices hit a tipping point.
The FHFA price index rose 1.6% in April, parallel with S&P’s reported 2.08% gain.
Listings hit the smallest year-over-year decline, indicating a decline in homebuyer demand.
Rents were up nearly 50% in Austin and 30% in Cincinnati, Seattle and Nashville.
On an unadjusted basis, the Index decreased 17% compared with the previous week.
With more company employees working from home, many Americans flocked to high fire risk areas, causing homes with high fire risks to sell higher than low-risk homes.
Are we headed for a crash, or will things normalize?
Home inventory increased for the first time in three years but the median national home price climbed to an all time high of nearly half a million dollars.