Lawmaker: REALTORS® Woke Us Up to Stark Housing Reality

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Instant Reaction: CPI Inflation, February 13, 2024

The desired rate of inflation is 2%, and the latest rise of 3.1% consumer price index in January is not yet comfortable. One big source of stubbornness to further calmness is that housing shelter inflation is rising at 6%. That's a bit of a mystery since apartment rents are no longer rising and sing

Housing Affordability Continued to Recover in December 2023

At the national level, housing affordability improved in December compared to the previous month, according to NAR’s Housing Affordability Index. The monthly mortgage payment decreased by 7.2% compared to the prior month, while the median price of single-family homes declined by 1.3%. The monthly mo