Nationwide, rents are nearing their all-time high, according to a new market report from Redfin, but rent gains have nevertheless cooled over the past year due to an increase in supply, as economic uncertainty and inflated home prices continue to deter buyers.

While homebuying remains a volatile process, according to a new study, only 14% of Americans surveyed know the current median home price, and just 12% know the interest rate remains near 7%.

While homebuyers nationwide continue to struggle with the inflated cost of living and high home prices, a new survey from Arrived revealed an estimated 87.2% of Gen Zers said homeownership is important when building wealth. About 65% cite financial security and stability as the top two reasons why they want to own a home.

According to HouseCanary's latest National Rental Report, rental markets continue to see overall increases in median listings, prices, and the number of days homes are spending on the market compared to recent years, as available-for-rent inventory jumped 70% year-over-year from 2022.

Half of all homeowners paying mortgages are equity-rich, according to ATTOM's 2023 U.S. Home Equity & Underwater Report, while the share of seriously underwater mortgages also improved, resting at 2.8%.

While housing affordability remains unbalanced nationwide, many Americans remain worried about housing costs. However, a new market study from WalletHub reveals which cities are the best and worst for first-time homebuyers, with multiple Florida metros topping the list with the greatest buying opportunities.

The Realtor.com June 2023 Rental Report revealed that experts predict continuing rent declines and moderating inflation will help increase nationwide housing affordability, "providing a much-needed respite for renters and an opportunity to regain some control over their housing expenses," according to Realtor.com Chief Economist Danielle Hale.

June is typically the biggest month for home sales, according to the latest RE/MAX National Housing Report, with month-over-month sales rising 5.4% from May. Meanwhile, the average close-to-list price ratio was 100%, meaning homes sold for their average asking price.

According to a new study from RentCafe, rental season is nearing its peak, as new data reveals Southern and Midwestern markets dominated the list of the top 30 most desired cities for renters, with Arlington, Virginia ranked as the most in-demand city for renters in July.

Existing-home sales fell in June, as all four regions recorded year-over-year sales declines, according to NAR, with the South and West posting the largest decreases.