Home prices

First-time buyers comprised just 26% of November transactions, down from 32% a year ago and matching the lowest share since 2014, the National Association of Realtors report showed.

“Rent of shelter” — a category that makes up a third of the CPI basket of goods and services prices — is up 3.9% from November 2020. That’s the most in 14 years but still pales in comparison to many private-sector metrics.

Sales are on track to exceed 6 million this year, which would be the strongest since 2006.

Only eight states experienced annual appreciation viewed as sustainable, according to Fitch Ratings.

U.S. home prices jumped 19.8% in August, the latest in a string of massive gains in the pandemic real estate market.

Listing times, price appreciation and inventory of for-sale homes all made incremental gains in favor of buyers, according to Zillow

The lack of inventory pushed the median housing price to double-digit annual growth for the 14th straight month, according to Redfin.

The state, which has grappled for years with a shortage of affordable housing, will see prices rise 5.2% to a median of $834,000 in 2022, according to a forecast by the California Association of Realtors.

The share of borrowers who thought it was a good time to buy hit an all-time low, according to Fannie Mae.

Appreciation more than tripled the year-ago rate, according to CoreLogic.