Compared to the prior month, the national monthly mortgage payment increased by 0.9% while the median family income rose modestly by 0.2%.
Retail sales recorded a seasonally adjusted total of $626.8 billion in December, a decrease of 1.9% from November.
Amid sustained job growth and the continuing re-entry of workers to the office, the demand for office space ended with a strong finish in the second half of 2021, mainly driven by office space absorption in secondary markets.
Mortgage rates surged in the second week of the new year, with the 30-year fixed mortgage rate rising to 3.45% from 3.22% the previous week.
NAR Research is joining in on the currently popular 10-year challenge. Let's do the 10-year challenge: home buyer edition. For accuracy, let's compare 2011 to 2021.
Net absorption of industrial space during Q4 2021 totaled 134.4 million square feet (msf) and hit the second highest level of 2021 as demand continued to significantly outpace supply.
Despite the hype around home buyers paying all-cash for homes, the majority of home buyers finance their home purchase. How much are they putting down as down payment?
At the national level, a homeowner who purchased a single-family existing home 10 years ago would have gained $225,000 in home equity if the home were sold at the median sales price of $363,100 in 2021 Q3.
Compared to the peak employment prior to the pandemic, there are 3 million fewer Americans working.
In the first week of 2021, the 30-year fixed mortgage rate was 2.65%. In the first week of 2022, the 30-year fixed mortgage rate jumped to 3.22%, nearly 60 basis points higher than a year earlier.
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