Report 2022 Starts With Hottest January On Record For The Us Housing New single family home sales increased 8.0 percent to 664,000 units (saar) in december from an upwardly revised pace of 615,000 in november and were 4.4 percent higher year over year (y y). for all of 2023, new home sales reached 668,000, up 4.2 percent from 641,000 in 2022 and their fastest pace since 2021. National housing market predictions for 2025 2029. following is a summary for year end 2024, 2025 and predictions for the housing market through 2029. although a recession is no longer predicted, economic growth is expected to decline from 2023’s fairly robust rate of 2.5% to 2.1% in 2024 and 2% in 2025. however, should the country enter a.
Us Housing Market 2022 2027 January 2024 Updated January 2024 monthly housing market trends report. data, in january 2022 and 2023, the monthly decline in homes for sale was far more pronounced, as they declined 13% to 15% from the previous. Housing market forecast for 2024 and 2025. u.s. home prices posted a 5.4% annual gain, according to the latest s&p corelogic case shiller home price index three month running average that ended in. January 2017. each month, the u.s. department of housing and urban development (hud) and the u.s. department of the treasury produced a monthly scorecard on the health of the nation's housing market. the scorecard incorporated key housing market indicators and highlighted information on measures of policy response to the foreclosure crisis. Weekly housing market data goes back through 2015. subject to revision. four weeks ending january 21, 2024: year over year change: notes: median sale price: $362,225: 5.1%: biggest increase since oct. 2022: median asking price: $384,458: 6.5%: biggest increase since oct. 2022: median monthly mortgage payment: $2,525 at a 6.6% mortgage rate: 10.7%.
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