Housing

Maxwell Frost, who became the first Gen Z candidate to be elected to the U.S. House in November, says Congress has a serious problem of accessibility for people who don't come from wealth.

A growing body of research shows the Zillow Observed Rent Index (ZORI) leads survey-based average rent indexes, including the rent component of the Consumer Price Index, by up to 12 months.

Rents in October rose 4.7% compared with October 2021, the slowest annual increase in 18 months, according to Realtor.com.

Inflated mortgage rates are barring millions of Americans from homeownership. Learn more in our study on current affordability trends in the U.S. housing market.

10%+ Nominal Price Declines Now Seem Likely

The average American home is around 2,000 square feet. Here's how that size shrinks and expands in each American state.

In 2021, a standard 30-year fixed mortgage in the US could be had for somewhere around 3%. Today that number is closer to 7%.

A bull run that began after the final crisis comes to an end as higher mortgage rates cool the real estate market.

And six charts to help you navigate it.

Wharton professor Fernando Ferreira explained that he doesn’t think the housing market is in a recession in a recent Knowledge@Wharton article. So what story can we tell from the data we are seeing?   EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons   The Headlines Mortgage rates just surpassed 6%--double the rate from a year ago, and demand for mortgages has dropped 29% from last year (NYT). New home sales were down 30% year-over-year in July (CNN).

Commercial real estate is struggling (and this is why it matters to you).

This article was originally published on Mar 7 at 8:39pm EST by THE CITY Worried that the pandemic has made too many Manhattan office buildings obsolete, real estate interests have convinced Mayor Eric Adams and Gov. Kathy Hochul to join an effort to ease conversions to residential use south of 60th Street. The push to convert office space into apartments…

Business economists and analysts, check out our new interactive home affordability tool.

Many Sears kit homes, which were ordered from a catalog and built by the homeowner in the early 1900s, remain standing throughout Chicagoland, evoking a sense of nostalgia for better times in the department store’s history.

Square footage has increased but income didn't get the memo.

The average size of starter homes has steadily increased. Read more about the demand builders are seeing to construct bigger homes.

Houses are less affordable today than they were 50 years ago. However, a viral TikTok video exaggerates the increase in prices.

This is not just a New York story.

All-Transactions House Price Index for the United States

Inflation and high mortgage rates are taking a bite out of homebuyer budgets, leading to fewer sales and supply gains.

On average, U.S. house prices grew by 18.7% from Q1 2021 to Q1 2022. How has price growth differed by state over various timeframes?

The annual salary needed to buy a home in the U.S. ranges from $38k to $255k, depending on the metropolitan area you are looking in.

The number of people — particularly younger Americans — looking for their own apartments is squeezing an already tight housing market. Here is how rents are going up in your area.

The 2021 Consumer Housing Trends Report (CHTR) provides a snapshot of what housing consumers are thinking and doing in mid-2021. In this report, we take a deeper look at buyers (household decision makers that own their primary residence and moved to a home they purchased in the past year); In other reports, we examine homeowners, renters, and sellers more closely.