Tag Archives: Median Home Prices

“While the price of buying a home climbed through the third quarter, would-be buyers pivoted towards renting and other housing arrangements,” said Realtor.com Economic Data Analyst Hannah Jones.

The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May —rising 15% year-over-year to a record high of $2,002— according to a new report from Redfin. That’s on par with April’s annual ...

Renting remains more financially viable in populous cities, whereas home ownership is found to be more affordable in rural areas.

A shrinking supply of homes available faces stiff competition from buyers looking to one-up each other, as home prices continued to trend higher in May.

A report examined the rise and fall in borrowers’ typical mortgage payment and its impact on affordability. Here’s what it found.