Serving the REALTOR® Community for 100+ Years
Since 1923, the Library & Archives has been dedicated to providing NAR’s members with resources and services to help them stay at the forefront of real estate knowledge.
Since 1923, the Library & Archives has been dedicated to providing NAR’s members with resources and services to help them stay at the forefront of real estate knowledge.
In Q1 2024, national median home prices rose 5.0% year over year to $389,400, with 28.5% of metro areas seeing double-digit price increases.
Housing affordability fell nationally in March 2024 compared to the previous month, with monthly mortgage payments increasing by 2.8% and the median price of single-family homes rising 2.4%.
Nationally, Sentrilock home showings in March 2024 were up 6% year-over-year. Showings increased in the South, West, and Midwest regions of the U.S.
Yesterday’s inflation figures rose to 3.5%, and as a result, mortgage interest rates are likely to increase in the coming weeks.
In 2022, affordability issues and the ability to work remotely drove 8.2 million Americans to move to different states. Let’s take a look at these migration flows.
Mortgage interest rates continued their 14-week stay within the mid-6% range this week, falling from 6.88% to 6.74%
In February, CPI rose by 3.2%. The important “core inflation” component rose by 3.75%, its lowest reading since April 2021.
At the national level, housing affordability increased in January 2024 compared to the previous month, according to NAR’s Housing Affordability Index.
The desired rate of inflation is 2% and the latest rise of 3.1% consumer price index in January is not yet comfortable.