Instant Reaction: CPI Inflation, February 13, 2024
The desired rate of inflation is 2%, and the latest rise of 3.1% consumer price index in January is not yet comfortable. One big source of stubbornness to further calmness is that housing shelter inflation is rising at 6%. That's a bit of a mystery since apartment rents are no longer rising and sing
Housing Affordability Continued to Recover in December 2023
At the national level, housing affordability improved in December compared to the previous month, according to NAR’s Housing Affordability Index. The monthly mortgage payment decreased by 7.2% compared to the prior month, while the median price of single-family homes declined by 1.3%. The monthly mo
15% of 221 Metro Areas Had Double-Digit Year-Over-Year Price Increases in 2023 Q4
The National Association of REALTORS® reported that home prices continued to rise in the fourth quarter of 2023, and single-family home prices had positive gains in 85.5% of 221 metro areas. National median prices rose 3.5%, year over year, to $391,700. Median home prices fell by 3.6% compared to th
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