FHFA April Price Index Up 3.1% Year-to-Year
Month-to-month, prices rose 0.7% nationally – though it ranged from a price drop of 3.8% in the Pacific region to an increase of 6.1% in the East South Central region.
New Home Sales Jump 12.2% Higher in May
Faced with a dearth of existing homes for sale, buyers flocked to new-home options even in the shadow of higher interest rates.
Consumers Notably More Confident this Month
If consumer attitudes drive the economy, a recession appears less likely. The Consumer Confidence Index hit 109.7 in May, up from April’s 102.5.
Categories
Recent Posts
Inside the $4.25 Million Cape Cod Lakefront Estate Built by the Founder of Josh Cellars
The Ex-Microsoft Exec Who Outbid Cher for an Antique Archway Is Selling His $9.75 Million Seattle Estate
This 1891 Church Loft Is Listed for $750K—Step Inside To See Its Unexpected Transformation
This Turnkey 1960s Vermont A-Frame Comes Fully Furnished for $399K—Firewood Included
Iconic 1880s Waterfront Social Club Hits Market for First Time in 50 Years—With a $1.2 Million Price Cut
Ritz-Carlton Penthouse on Fort Lauderdale Beach To Be Auctioned to Highest Bidder
New Luxury Community Offers Rare Waterfront Living Near the Las Vegas Strip
Behind the Brick Facade of This 140-Year-Old NYC Townhouse Lies a Surprising Resort-Style Oasis
For the First Time Since 1967, This Historic 1927 Denver Tudor Is Up for Grabs
A Rare $22 Million I.M. Pei-Designed Mansion Just Hit the Market in Texas for the First Time Ever