CoreLogic’s HPI Says Home Prices Up 13.5% in August According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 13.5% in August 2022. On a month-over-month basis, home prices declined by 0.7% in August compared with July 2022. CoreLogic predicts that home prices will
Redfin Index: Asking Rents Climbs 11% in August A recent report from Redfin says asking rents climbed to a record high in August however growth moderated for a 3rd straight month. Redfin says the national median asking rent was up 11% year over year in August, coming in at $ 2,039 – which they note
Pending Home Sales Down 2% in August The National Association of Realtors is reporting that pending home sales were down 2% in August, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 88.4. The NAR says rising inflation and higher mortgage rates are driving the numbers. “The direction
Existing Home Sales Drop Slightly in August The National Association of Realtors is reporting that existing home sales were down 0.4% in August to a seasonally-adjusted annual rate of 4.8 million (down 19.9% year over year). Total housing inventory at the end of August was 1,280,000 units, down 1.5% from July and unchanged from one
Zumper’s National Rent Report for August ’22 Rental information site Zumper recently released their latest monthly National Rent Report showing double-digit year-over-year rent hikes in more than half of U.S. cities, with several posting hikes of 30% or more. They say high rents are forcing renters to sacrifice on location, size or amenities, move in
August with Propy Summer is at its end, but before stepping into September it’s time to go over our accomplishments during the last month. Without further ado, let’s dive in. Propy at Events We were happy to be part of the Florida Realtors Convention in Orlando. Our team shared how we use Web3 technology to
