With nearly 26% fewer homes newly listed for sale compared to last year, active inventory slowed for the fourth month in a row, according to the Realtor.com Monthly Housing Trends Report for June.
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The median rent in the West remains 3% lower than a year ago and is projected to decline further, while rents in Midwest markets continue to see faster growth due to greater affordability, according to Realtor.com's May 2023 Rental Report.
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Zillow's latest survey forecasts U.S. home values to remain nearly flat, rising just 0.2% over the course of 2023, with California to expected to experience the biggest declines.
Read More »As the northern California market is recovering from the aftermath of the wildfires, what steps can be taken to protect houses in the future? And what’s to come for the area’s housing market?
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