Tag Archives: Northeast

Existing-home sales faded 6.2% in December over the same month in 2022 while the median existing-home sales price rose 4%.

Including pending home sales numbers, the National Association of Realtors also updated its annual economic forecasts for 2023 and 2024. Click through to find out how much pending home sales numbers changed from last year and to view the NAR’s economic forecast.

In May, nationwide rents posted their largest decline since 2020 as the median asking rent rose 1.4% from a month earlier, according to a new report from Redfin.

A new Zillow report revealed Black, Latinx, and Asian American Pacific Islander renters reported paying security deposits and application fees an estimated 43% higher than those paid by white renters.

The Midwest did not experience the same price surges other areas of the country have experienced since the beginning of the pandemic.

"The housing sector continues to undergo an adjustment due to the continuous rise in interest rates" said Lawrence Yun, Chief Economist of NAR. "Expensive regions of the country are especially feeling the pinch and seeing larger declines in sales."

Data indicates that Northeastern and Southern U.S. property tax delinquency is well above the national delinquency rate of 8.4 percent.