The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history.
Source: Inman News
Inflation up 8.2% over last year — and housing is largely to blame
Published in consumer price index, housing, inflation, lawrence yun, Markets & Economy, national association of realtors, realtor.com, Select and U.S. Bureau of Labor Statistics
More from consumer price indexMore posts in consumer price index »
- Inflation rises to 3.2% in February, raising doubts about soft landing
- Demand for purchase mortgages drops for 3rd week in a row
- How changes to CPI may provide better rent inflation insights
- Mortgage rates post biggest 1-day drop since onset of the pandemic
- US rent hits just shy of all-time record high: Report
More from housingMore posts in housing »
- Master your real estate survival: Take charge at Inman Connect
- Can futuristic utopias solve our housing crisis?
- Housing starts tally ‘unexpected’ uptick amid rising mortgage rates
- Katy Perry’s shady real estate deals inspire new housing legislation
- Meet Max, the first robotic 3D printer to earn NAHB membership
More from inflationMore posts in inflation »
More from lawrence yunMore posts in lawrence yun »
- Existing-home sales drop in March as high rates stun homebuyers
- Existing-home sales rose 9.5% amid winter inventory boost
- Pending home sales dropped in January as mortgage rates rose
- January existing sales offer mixed signals about market’s future
- Falling rates helped drive home price growth in Q4, NAR says
More from Markets & EconomyMore posts in Markets & Economy »
- Existing-home sales drop in March as high rates stun homebuyers
- 2 buyers scramble to make a deal as the spring market sprints ahead
- Homebuyers rush to lock as mortgage rates hit new 2024 highs
- Floridians grapple with insurance changes as hurricane season nears
- Coastal cities lead as single-family rent growth soars to 10-month high
More from national association of realtorsMore posts in national association of realtors »
- Existing-home sales drop in March as high rates stun homebuyers
- Industry gets some clarity on mortgage commission rules
- What agents do post-settlement will define Real Estate 3.0
- Federal courts hand HomeServices a win (and a loss) in Sitzer | Burnett
- Will lawsuits end 6% commissions? Probably not, 1 law professor says
More from realtor.comMore posts in realtor.com »
- 2 buyers scramble to make a deal as the spring market sprints ahead
- Homeseller sentiment is lukewarm as spring homebuying ramps up
- Rent is now more affordable than buying in every major US market
- Existing-home sales rose 9.5% amid winter inventory boost
- Realtor.com announces the ‘Best Day to Sell’ for 2024
More from SelectMore posts in Select »
More from U.S. Bureau of Labor StatisticsMore posts in U.S. Bureau of Labor Statistics »
- Hiring is on the rise, but also worse than once thought. What gives?
- What down market? Payrolls are just fine in the brokerage world
- US rent hits just shy of all-time record high: Report
- Builder hiring ramps up while real estate brokerages keep pace
- Hiring in real estate ramps up — but lags behind other industries: Labor
Be First to Comment