Real Estate News & Newest Pictures From Newsweek Com
In large metros, median itemizing prices grew by four.5% compared to last 12 months, on average. In November, the nationwide median listing price for energetic listings was $379,000, a rise of 8.6 percent yr over yr and 22.four percent compared to 2019. The Refinance Index increased 0.four p.c from the previous week and was 34 p.c lower than the same week one year in the past.
Consumer prices surged greater than expected, with inflation rising 6.8% from a yr ago in November. Energy costs and used car/truck costs have been major contributors to the jump in inflation, as each went up by more than 30% from a 12 months ago. Strong consumer demand and supply chain bottlenecks remained the primary reasons that pushed up costs, and inflationary pressures have been hitting workers exhausting. Real average hourly earnings accounting for inflation, in reality, declined 1.9% on a year-over-year basis within the …
