NAR’s Yun: Any Economic Downturn Likely MildThe chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown. …continue
NAR’s Yun: Any Economic Downturn Likely MildThe chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown. …continue
NAR: March Existing Home Sales Slip 2.7%Year-to-year, total U.S. home sales fell 4.5%. NAR’s chief economist says sharply rising mortgage rates and higher inflation is beginning to impact the market. …continue
Feb. New-Housing Starts Surpass ExpectationsA disappointing dip in Jan. new-home starts was followed by a surprise surge in Feb. Economists expected about 3.2% growth but starts rose by 6.8%. …continue
January: Housing Starts Down, Building Permits UpWhile the number of housing starts declined 4.1% compared to Dec., the number of building permits – indicators of future housing-start numbers – rose 0.7%. …continue
Realtor.com: National Rent Growth Hits Double-Digits in Aug.Aug. report: Rental prices hit double-digit growth for the first time in two years and grew three times faster than in March 2020, prior to the pandemic. Over half of the 50 largest metros reported rents with double-digit gains over last year, including Tampa, Miami and Orlando. …continue