By the Numbers

NAR: Existing-home sales rise 3.1% in January 

The median existing-home price for all housing types was $379,100, up 5.1% from $360,800 a year before.       

NAR: Home prices rise across the country in the fourth quarter of 2023

Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.

December pending home sales surge past expectations 

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

December new-home sales jump 8%

Declining interest rates spurred the increase. 

NAR: Existing-home sales slid 1% in December but are expected to rise 

At the same time, the median sales price rose 4.4% to $382,600. 

Builder confidence jumps in January on falling mortgage rates 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

CoreLogic: Chicago home prices rose 6.5% in November 

CoreLogic expects prices to continue to grow through the year.

Existing home sales fall 14.6% annually

The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.

New-home sales jump in September despite interest rates 

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

Short supply helps drive existing-home sales to 13-year low 

The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.   

Housing starts rebound in September after August dip 

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

MBA: Mortgage apps rise on increase in ARM activity 

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

Prices are rising faster than wages in Cook County

Housing affordability has worsened in many parts of the country as wages fail to grow at the same pace as home prices.

NAR: Pending-home sales fall 7.1% on high interest rates 

Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said. 

NAR: Existing-home price rises again as sales continue to slide 

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

Chicago’s annual home-price growth is second-highest in the nation

CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic. 

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