For homebuyers who are still actively searching for a home, lower competition and more seller activity will provide some relief.
Tagged: Realtor.com
Active listings will grow 15% year-over-year as the inventory recovery accelerates in 2022.
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.
Nearly half (45%) of 2022 seller-buyers plan to buy outside of their current city or town; 9% say they would move out of state for better deals.
Realtor.com reported Thursday that the median rent price hit $1,827 in April.
Listings will now include a “Fire Factor” rating from First Street Foundation, a nonprofit research and technology group, as well as information from USDA Forest Service.
Since mortgage rates topped 5%, home prices appear to have tempered in certain housing markets.
Rental market not expected to cool down quickly