Housing Affordability Conditions Tumble in October 2023
At the national level, housing affordability fell in October compared to the previous month, according to NAR's Housing Affordability Index. The monthly mortgage payment increased by 3.9% compared to the prior month, while the median price of single-family homes declined by 0.3%. The monthly mortgag
Instant Reaction: Inflation, December 12, 2023
Inflation notched down to 3.1% in November despite the incomprehensible rise of nearly 7% growth in housing rent. Once rents decelerate into a more realistic 2% to 4% rise in upcoming months, no doubt due to the oversupply of new apartment units hitting the market, then the overall consumer price in
December 2023 Economic & Real Estate Outlook
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