Redfin: Supply Crunch Eases; House Price Growth Slows

U.S. home prices rose 0.6% in November–the smallest increase since June–as a jump in the number of homes for sale gave buyers more options, the Redfin Home Price Index reported Tuesday.

Housing Market Roundup Oct. 6, 2022

Here’s a summary of recent housing/economic reports that have come across the MBA NewsLink desk:

Inflation Hitting Millennial, Gen Z Renters Harder than Others

Millennials who took on a new rental lease in July saw their overall cost of goods and services increase 11.6% year over year, substantially higher than 8.5% for the U.S. population as a whole, said Redfin, Seattle.

Home Sellers Dropping Asking Price in Most Metros

Price drops have become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic, reported Redfin, Seattle.