Jiayi Xu

Household Real Estate Value and Equity Hit New High in 2024Q2

Our research team releases regular weekly housing trends reports, looking at inventory metrics like the number of active listings and the pace of the market. Here’s what the housing market looked like over the last week.

After an entire year of slowing down, the year-over-year median rent growth for 0-2 bedroom properties across the top 50 metros hit 3.2% in December 2022, the lowest growth rate in 20 months, down notably from January’s peak trend (17.4%). However, after four months of declines, median asking rent plateaued in December ($1,712). It is down by $69 from the peak (July 2022) and is still $308 (21.9%) higher than December 2019 (pre-pandemic).

In November 2022, the U.S. rental market experienced single-digit growth for the fourth month in a row after ten months of slowing from January’s peak 17.4% growth. The median rent growth across the top 50 metros slowed to 3.4% year-over-year for 0-2 bedroom properties, the lowest growth rate in 19 months. The median asking rent was $1,712, down by $22 from last month and $69 from the peak but is still $308 (21.9%) higher than the same time in 2019 (pre-pandemic).

The cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting flood risks are reflected in housing prices. By 2022Q2, the difference is 1.5 ppt.

Our research team releases regular weekly housing trends reports, looking at inventory metrics like the number of active listings and the pace of the market. Here’s what the housing market looked like over the last week.

Our research team releases regular weekly housing trends reports, looking at inventory metrics like the number of active listings and the pace of the market. Here’s what the housing market looked like over the last week.

Our research team releases regular weekly housing trends reports, looking at inventory metrics like the number of active listings and the pace of the market. Here’s what the housing market looked like over the last week.

Asian American real estate profile  Realtor.com News

Asian American and Pacific Islander Heritage Month  Realtor.com News