Housing Affordability Conditions Made Progress in January 2024

At the national level, housing affordability increased in January compared to the previous month, according to NAR’s Housing Affordability Index. The monthly mortgage payment decreased by 2.4% compared to the prior month, while the median price of single-family homes declined modestly by 0.3%. The m

Instant Reaction: CPI, March 12, 2024

Consumer prices are rising at a slower rate than in most of the last three years, but still above the Federal Reserve’s desired target of 2%. In February, CPI rose by 3.2%. The important “core inflation” component rose by 3.75%, its lowest reading since April 2021.  The heavyweight component of hous

Gen Z and Millennial Home Buying Hotspots: Where Young Buyers Are Putting Down Roots

The age of home buyers is a key demographic variable that provides valuable insights into the local economic health, the housing market dynamics, and cultural trends of an area. Areas with high concentrations of young buyers may suggest a strong job market and vibrant community, attractive to younge