Monthly Archives: May 2024

U.S. Home Price Appreciation Accelerated in February

Marking 8 consecutive months of growth says CoreLogic’s S&P Case-Shiller Index Like many economic metrics, the journey toward stabilizing the U.S. housing market is fraught with challenges. Although there has been a modest recovery in home sales and inventories from last year’s lows, elevated mortgage rates continue to hamper affordability, deterring many potential buyers. Despite…

Residential Rents in U.S. Decline for Eighth Consecutive Month in March

According to the latest U.S. Rental Report from Realtor.com, residential rents in March 2024 continued to fall for the eighth month in a row, with a year-over-year decrease of 0.3% across various unit sizes. Despite this trend, the median rent stood at $1,722, just $36 below its peak in August 2022, yet $313 higher than…

In Today’s Economy, 58 Percent of U.S. Homeowners Can’t Afford to Buy Their Current Home

Around 40 percent of U.S. renters also believe homeownership is out of reach According to a recent survey by national property broker Redfin, almost 58% of U.S. homeowners feel they probably couldn’t afford to repurchase their current homes at today’s prices and mortgage rates. This insight comes from a survey carried out in February 2024…