While single-family rental cost gains rose 3.4% year-over-year in May, a new CoreLogic report finds the overall rate of increase has returned to pre-pandemic levels recorded between 2010 and 2019.
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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.
Read More »Single-Family Authorizations Post Annual Increase
While finding positive aspects on the housing market, the report says people may feel “locked in” to their homes due to certain trends.
Read More »Smaller Home Sizes to Become the Norm in 2020
Projections for the coming year found the demands of millennials will cause single-family houses to become even smaller, and that recession may not be likely.
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