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Homebuyers are staying on the sidelines as housing prices hit record levels and homebuilding and rental supply isn’t keeping up with the demand. Home prices neared their all-time high last month, eclipsing $400,000 for only the third time on record. Rising prices, mortgage rates push monthly payments to all-time high: report This is due largely to…
Prices have cooled in the once red-hot housing market, but competition is heating up between two generations in seemingly perpetual conflict. Millennials entering their prime homebuying years and baby boomers — many of whom are nearing retirement age — are vying for the same homes. A look ahead: Fed hikes and default fears: Here’s what…
A new study analyzing Zillow data has found that the monthly median sale price of a house last year was over $500,000 in Utah, California and Colorado — and over a staggering $800,000 in Hawaii. The study, conducted by Studio City realtors, found that Hawaii clocked in as the most expensive state in the U.S….
The consumer price index (CPI) fell to a 5 percent annual increase in March from 6 percent in February, the Labor Department reported Wednesday, dropping a full percentage point as prices for goods ranging from fresh produce to automobiles became cheaper. That’s the lowest level of annual consumer inflation since May 2021. Prices have been…
Housing affordability hits historic low Fewer than a quarter of homes listed for sale nationwide qualified as affordable for the typical U.S. household, according to a new report shared exclusively with The Hill. The report, released Friday by real estate brokerage Redfin, found that the number of affordable listings in 2022 fell by more than…