Metro Areas Producing More Housing Than Their Historical Average
by NAR Research staff Understanding Trends in Single-Family Building Permits Across Metro Areas The housing market has always been one of the main drivers of our country's economic activity. Limited housing supply is one of the main reasons behind rising home prices, declining affordability, and con
Mortgage Rates and Higher Home Prices Continue to Hinder Affordability in April 2024
At the national level, housing affordability faded in April compared to the previous month, according to NAR’s Housing Affordability Index. Compared to the prior month, the monthly mortgage payment increased by 5.7%, while the median price of single-family homes increased by 0.1%. The monthly mortga
Instant Reaction: CPI, June 12, 2024
Inflation is moving in the right direction, but it is not quite at the point for the Fed to cut interest rates. The all-important consumer price inflation rose by 3.3% from a year ago. “Core” inflation decelerated to 3.4%, its slowest gain in three years. The target is 2% inflation. The recent peak
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