The housing market is gearing up for its busiest season yet, with prices soaring and mortgage rates on the rise. According to Dow Jones Market Data, the 10-year Treasury yield, which is a key indicator for mortgage rates, reached 4.163% on Monday. This increase, along with Friday's surge, marks the largest two-day gain since June 2022. The rise in yield comes as a result of … [Read more...] about The Housing Market Prepares for Another Busy Season
Home Prices
Rising Home Prices Outpace Wages
The surge in home prices continues to outpace wage growth, making housing increasingly unaffordable for many Americans. In August, the median prices of single-family homes and condos reached unprecedented levels in 99% of U.S. counties, according to real-estate data company Attom. In the third quarter of 2023, annual home-price appreciation surpassed wage increases in 47% of … [Read more...] about Rising Home Prices Outpace Wages
US Home Prices Jump Almost 20% in February
Source: S&P Global Home prices in the United States climbed by nearly 20% year on year in February, reflecting a faster pace than that seen in the previous month. XHB is down 0.33%, while ITB is up 0.78%. The S&P CoreLogic Case-Shiller US National Home Price NSA Index climbed by 19.8% in February, faster than the 19.1% recorded in January.The 10-City Composite … [Read more...] about US Home Prices Jump Almost 20% in February
