Housing Market

Women have returned to the workforce in near pre-pandemic numbers, but homeownership remains elusive for those who are single

• The homeownership rate for young single women declined in 2022 for the first time in six years, after peaking
  

The least affordable metros where people spend more than 30% of their salary on rent are: Miami, Los Angeles, New York, San Diego, Riverside, Calif., Boston, Orlando and Tampa

While inflation has begun to ease slightly, one area continues to become

• The typical U.S. homebuyer made a $42,000 down payment in January, the lowest level in nearly two years, amid rising mortgage rates and low competition

• The median down payment was equal to 10% of the purchase price,
  

Five of six tracked counties posted annual losses, with Los Angeles showing the largest drop

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its monthly Southern California home sales report for February 2023. The report includes

Home Sales Show Strong Increase and Slight Rise in Median Sales Price Over January

Despite being down 24.4% year over year, February home sales increased 16.8% from January. That was the largest month-over-month increase in 11 months and ended a

Relatively high rates are keeping new listings low, frustrating willing buyers

• New listings are at a record low for February, contributing to an incredibly low supply.
• Sales activity lost momentum in February as rates rose.
• U.S. home values
  

Florida’s housing market in February continued to show increasing inventory (active listings) and higher median prices compared to a year ago, according to Florida Realtors^®‘ latest housing data.

Still, economic uncertainty, inflation and interest rates fluctuating above 6% impacted the state’s

The rebalancing of the housing market has been felt the most in areas where affordability is stretched

• There are currently 464 U.S. cities where the typical home value is $1 million or more. There were 522 at the housing