Danielle Hale

Relief might be on the horizon as the season quickly approaches the best time to buy a home—the time of year when the balance of market conditions favors buyers the most.

The Federal Reserve’s rate-setting committee voted to cut the short-term policy rate by 50 basis points to a range of 4.75 to 5.0 percent.

August 2024 marks the 13th month of year-over-year rent decline in a row for 0-2 bedroom properties observed since trend data began in 2020. Asking rents dipped by $5, or -0.3%, year over year.

In August 2024, the median asking rent in New York City registered at $3,425, increased by $76 or 2.3% compared to a year ago.

In September 2024, the median asking rent in New York City registered at $3,419, increased by $90 or 2.7% compared to a year ago.

Mortgage rates surged to 6.44% for a 30-year fixed loan—the highest in roughly two months, says Realtor Chief Economist Danielle Hale.

Existing-home sales slipped 1.0% in September to a pace of 3.84 million, lagging the year-ago pace by 6.1%. The median home sale price rose 3.0%.

Mortgage rates ticked up to 6.72% this week; but in a promising sign for the housing...

Discover how the recent election results, the Fed's policy changes, and shifts in mortgage rates are affecting housing dynamics.

Discover how the recent election results, the Fed's policy changes, and shifts in mortgage...