February 2023 Existing Home Sales: Sales Snap a 12-month Long Decline as Buyers Return
Low inventory remains a major constraint for home shoppers this spring.
The increase in builder confidence and housing starts are signs housing demand is thawing from last year’s deep freeze.
Inflation Slows Further in February
Although consumer prices are still 6% higher when compared to a year ago, the pace of price increases slowed further in February. Shelter accounted for 70% of the February price gains.
10 States With The Most Valuable Housing Markets
California remains the clear leader, and Florida surpassed New York as the state with the second most valuable real estate market in the country.
The U.S. Has Lost 58 ‘Million-Dollar’ Cities Since the Housing Market Peaked Last July
The rebalancing of the housing market has been felt the most in areas where affordability is stretched
US Employment Growth Slowed in February
Employment rose, wage growth fell in February. A less tight labor market after the stronger-than-expected January report is good news for housing affordability.
