|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||22.94 - 23.27|
|52-week range||22.94 - 23.27|
|Beta (5Y monthly)||1.33|
|PE ratio (TTM)||19.07|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The inventory recovery made major strides in June, with the number of homes available to buyers climbing at its fastest yearly pace of all time1 (+18.7%), according to the Realtor.com® Monthly Housing Trends Report released today. Among key factors driving June's jump in active listings were new sellers, who entered the market at a higher rate than in 2017-2019 prior to the pandemic.
The U.S. median rental price hit its latest new high of $1,849 per month in May, representing a 26.6% increase since 2019 before the pandemic began, according to the Realtor.com® Monthly Rental Report released today. While May marked the 10th straight month of double-digit annual growth in national rents, the increase was the smallest since September 2021, offering renters a glimpse of a light at the end of the tunnel.
As rising inflation and mortgage rates bring U.S. housing demand back from the 2021 frenzy, Realtor.com®'s newly-updated 2022 forecast predicts inventory will grow double-digits over 2021 and offer buyers a better-than-expected chance to find a home. Home sales will hit the second-highest level in 15 years, trailing only the 2021 pace, as rising incomes combined with higher housing costs continue to present a mixed bag of affordability issues.