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Ahead of Inman Connect Austin, Realtor.com Chief Economist Danielle Hale talks mortgage rates, affordability, and when agents and consumers might reach the light at the end of the tunnel
Existing-home sales fell 4.2% year over year to a seasonally adjusted rate of 3.86M in August as buyers awaited the Fed's decision to cut rates, according to National Association of Realtors data
Existing-home sales tallied a 1.3% uptick in July following 4 months of declines, according to NAR data released Thursday. However, market headwinds have kept sales sluggish compared to 2023
Affordability and a plethora of amenities vaulted Gahanna, Ohio, to the top of Realtor.com's 2024 hottest ZIP codes list. ZIP codes in Missouri and Indiana made the list, too
In June, existing-home sales continued to decline across all 4 US regions, while the median existing-home price reached a record high for the 2nd consecutive month, according to NAR
Despite 11 months of declines, Realtor.com said the typical renter is paying $305 more monthly for an apartment compared to 2019. The greatest rent increases are in Florida and the Midwest
Nashville-based analyst Nick Gerli sparked a social media firestorm with claims of a bubble. But economists dismissed fears, saying the area is home to some of the 'most normalized' markets
Figures in April 2024 for both indices suggested a steady market going into summer. Both the S&P CoreLogic Case-Shiller index and the FHFA HPI rose 6.3% on an annual basis
Home values have boomed over the past 5 years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot
Buyers need to earn an income of more than $150K to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. In San Jose, buyers must earn at least $361K
Elevated mortgage rates and home prices have made sellers leery about listing this spring, so 50% of sellers said they'll be aligning their sales with a late-year rate drop, according to Realtor.com
Austin and Seattle were the friendliest cities for renters as the monthly mortgage payment on a starter home in each of the top 50 cities soared above the average rent by more than $1,000
Existing-home sales decreased 3.3% annually in February, according to the National Association of Realtors. However, sales did improve 9.5% from January — signaling that recovery won't be linear
Stronger buyer demand, higher listing prices and faster list-to-sale timelines have made the week of April 14 'the best time to sell,' according to Realtor.com
Inflation rose 0.4% in February to an annual rate of 3.2%, with shelter and gas costs contributing substantially to the uptick, according to the the Bureau of Labor Statistics' Consumer Price Index