Commentary The housing market in Orange County, Calif., is finally starting to normalize. Homeowners can still expect their properties to sell in less than a month—historically very fast. But at 27 days, the average market time to sell a home in Orange County has increased 23 percent, from 22 days, in the past four weeks….

The cost of renting a home continues to rise in the United States as more people return to work in metro areas, boosting demand for rental apartments. A sustained increase in rents could lead to more persistent inflation and challenge the central bank’s view that inflation is “transitory,” experts say. Rents dropped significantly during the pandemic across the country, with…