By the Numbers
Days on market rose, while existing-home sales fell, according to the March edition of the Housing Scorecard.
Boise, Idaho, topped the rankings in a new report by MyEListing.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5.8% year-over-year in December, compared to a 7.6% gain in November.
The 8.1% month-over-month increase in the National Association of REALTORS® Pending Home Sales Index was the largest gain since June 2020.
The median sales price of a new home declined on both a monthly and yearly basis, however, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
Of the 23 area counties analyzed by asset manager and developer St. Bourke, 20 saw new-home construction decline.
The 30-year fixed-rate mortgage averaged 6.32% as of Feb. 16, up from 6.12% a week before and 3.92% a year earlier.
The average size of new apartments across the country has decreased by 30 square feet year over year, according to a new report from RentCafe.
The pace of mortgage applications fell 7.7% in the week ended Feb. 10, the Mortgage Bankers Association reported.
Builder confidence rose for the second consecutive month in February with a seven-point increase that brought it to its highest level since last September, the National Association of Home Builders said.
The 30-year fixed rate fell for the fifth week in a row, giving a lift to lending activity, the Mortgage Bankers Association said.
The median sales price of homes sold in January was up 2.3% year over year.
The median sales price of a new home was down on a monthly basis but up on an annual one.
Total housing inventory rose 45.9% from December 2021 to 10,547 units, while new listings fell 26% to 3,845.
House prices, however, continued to rise, marking the 130th consecutive month for price gains, the longest streak on record, the National Association of REALTORS® said.
The U-Haul Growth Index showed Georgia was a net importer of residents based on the number of one-way truck rentals to and from the state.