Joel Berner News Today

/PRNewswire/ -- The inventory recovery accelerated in July, as active listings increased at record-fast1 annual pace (+30.7%) for the third month in a row,...

The housing inventory recovery continued to accelerate in July, as active listings increased at a record annual pace for the third straight month, according to a new report. Realtor.com today released its Monthly Housing Trends Report, noting that while buyers had nearly a third more for-sale home options in July than they had a year earlier, competition remained largely in favor of sellers, with listing prices near all-time highs and homes selling faster than before the COVID-19 pandemic.

If the U.S. economy is in a recession, someone forgot to tell the jobs market. According to the latest report from the U.S. Bureau of Labor Statistics, the U.S. added a staggering 528,000 jobs in July. That’s more than double economists’ estimates and nearly 15% above the average monthly gain of 461,000 through the first half of the year.

U.S. Employers added 528,000 jobs in July, bringing unemployment down to levels not seen since February 2020.

Higher mortgage rates are pushing many homebuyers into the rental market, despite rising rents, transforming the real estate ...

The U.S. median rental price hit a record high for the 16th consecutive month in June but renting remains cheaper than buying a home. Indeed, the four-decade high inflation, soaring mortgage rates and...

/PRNewswire/ -- New data illustrates how higher mortgage rates are increasingly tipping the housing affordability scale in favor of renting over first-time...

Home builders are hitting the brakes as building costs rise and prospective buyers get priced out of the market.

The building slowdown comes as rising mortgage rates and home prices continue to discourage potential buyers, said Joel Berner, senior economic research analyst for Realtor.com.

New residential construction dipped in June, with building permits, housing starts and housing completions ticking down modestly.