U.S. Home Prices Slip as Rents Rise for First Time in over 3 Years
Redfin said the median U.S. home sale price slipped 0.1% as Apartment List reported a 0.1% rent increase amid tight supply.
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4 Articles
The high interest rate environment and general economic uncertainty have brought a turning point in the US real estate market, writes CNBC in its article. After sales had been almost completely frozen for months, the decline in demand has now been reflected in prices, so the median sales price of homes in the United States has fallen for the first time in more than three years, while rents have started to rise again.
Home Sale Prices Fell for the First Time in 3 Years - The MortgagePoint
According to a new report by Redfin, the median monthly mortgage payment is still sitting at its second-highest level on record, spooking would-be buyers. According to a new report by Redfin, the median monthly mortgage payment is still sitting at its second-highest level on record, spooking would-be buyers.
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