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Tag Archives: median home prices

Builder Sentiment Surges, But Challenges Lie Ahead

According to the National Association of Home Builders, single-family starts are expected to grow in 2024, and while builder sentiment improved, "builders will face growing challenges with building material cost and availability, as well as lot supply," according to NAHB Chairman Alicia Huey.

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Home Price Growth Slows for Second Month

“Over the last two months, the impact of major increases in mortgage rates and inflation have finally been realized in the slowing rate of home price appreciation. It is once again clear that home prices are not impervious to the broader economic conditions around the country,” noted Steve Gaenzler, SVP of Products, Data and Analytics for homegenius Real Estate.

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Rental Costs Outpace Owning a Home

Despite median home prices rising faster than the average weekly wage, the cost of renting continues to eclipse the cost of owning a home in nearly two-thirds of U.S. markets.

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