March 2024 NAR Real Estate Forecast Summit: Commercial Update

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Metro Areas Producing More Housing Than Their Historical Average

by NAR Research staff Understanding Trends in Single-Family Building Permits Across Metro Areas The housing market has always been one of the main drivers of our country's economic activity. Limited housing supply is one of the main reasons behind rising home prices, declining affordability, and con

Mortgage Rates and Higher Home Prices Continue to Hinder Affordability in April 2024

At the national level, housing affordability faded in April compared to the previous month, according to NAR’s Housing Affordability Index. Compared to the prior month, the monthly mortgage payment increased by 5.7%, while the median price of single-family homes increased by 0.1%. The monthly mortga