By the Numbers
The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row.
CoreLogic expects prices to continue to grow through the year.
RentCafe analyzed apartment sizes in ZIP codes across the country to determine which areas give the typical renter the most bang for their buck.
The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.
According to a new analysis by PropertyShark, Fisher Island’s 33109 ZIP code is the third-most expensive in the country, with a median home sale price of $5.5 million.
Existing-home sales slid in Miami-Dade, Broward and Palm Beach counties, while days on market and housing inventory were mixed.
The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.
From the beach to the bustling arts scene, Wynwood is one of the trendiest neighborhoods in the country … so how much does it cost to live there?
Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures.
A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey.
Housing affordability has worsened in many parts of the country as wages fail to grow at the same pace as home prices.
Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said.
Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said.
CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic.
Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity.
