Slight rent increases were observed in both the single-family and multifamily markets

In these markets, the median list price is lower than a home’s typical value

Some experts believe home prices will increase by more than 4%, while other estimates are more conservative

June's recent dip in the average sales price marks the first decrease since 2020

The need for workforce and middle-income housing is growing due to affordability challenges, and many local and state governments are creating programs to help expedite construction

With home values rising 54% in the past five years, some states are implementing measures to limit property tax increases

Many Midwestern housing markets remain affordable choices for buyers, while coastal cities are primarily affordable to renters

Single-story homes appear to be a popular choice in the Midwest and South, while homes with two or more stories are still preferred in other US regions

As of May 2024, there were 339,000 open construction jobs, down 1% from the previous month