The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly...
Source: KRDO — The United States is not building enough homes to account for the number of people setting up their own households. As a result, there is a sizable shortage of new homes after more than a decade of under-building relative to population growth,...
Source: Time — Mortgage rates are rising, and the housing market appears to be softening nationwide. But in many U.S. markets, would-be buyers are facing a big problem: there’s just nothing to buy. Housing inventory—the number of homes on the market—has been...
Source: New York Post — Consumer confidence in the US housing market approached an all-time low in February as buyers and sellers contend with a fresh spike in mortgage rates and mounting anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment...
Source: Realtor.com — Highlights: US housing markets continue to struggle with a sizable shortage of new homes, a result of more than a decade of under-building relative to population growth. In 2022, the U.S. saw 2.06 million household formations, resulting in...
Source: US News — Given the enormous popularity of the greater Austin, Texas, area for online searches, newcomers and employment growth, it may act as a reasonable bellwether for the state of the U.S. housing market. This will certainly be tested in the spring...
Hits and Misses for the Real Estate Week of June 15-19
