The following includes a 2022 summary, a forecast for all of 2023 and some predictions for the housing market in 2024, which assume the U.S. economy avoids a recession but grows much more slowly during the year. However, should the country enter a recession, these predictions would change a...
As we enter 2024, the U.S. housing market continues to evolve, presenting both challenges and opportunities for buyers, sellers, and investors. This comprehensive analysis explores the current trends, forecasts, and factors shaping the real estate landsc
Theaverage days on marketuntil sale increased by6.7%to 48 days in April 2024. Year-to-date, this metric saw a larger rise of12.5%, extending to 54 days. Similarly, thecumulative days on marketuntil sale went up by14.6%in April and17.6%year-to-date, reaching 55 and 60 days respectively...
"We’re not going to see a major breakthrough in the logjam that has been the housing market over the last year or so, but 2024 will be a baby step in the right direction," says Realtor.com Chief EconomistDanielle Hale. "It’s going to stop getting worse." While the market will st...
November 8, 2024 / in Housing Market Trends / Luke Feldbrugge Last Updated on November 8, 2024 by Luke Feldbrugge Welcome to the Housing Market Trends November 2024 monthly update from Homes for Heroes. This report focuses on the residential real estate housing market. We listen to the ...
United States Rental Market Trends $1,965Average rent in United States(December 31, 2024) $1,965National average rent(December 31, 2024) -0.2%Month-over-month change(December 31, 2024) 3.4%Year-over-year change(December 31, 2024)
These housing markets are expected to see double-digit sales growth in 2024 First-time homebuyers finding it 'tough to break in' to real estate market: Danielle Hale Realtor.com chief economist Danielle Hale reacts to existing home sales hitting a 13-year low at 3.79 million in October....
First-time homebuyers will continue to face a challenging housing market in 2024, but there are some green shoots. The record-high share of income required to purchase the median priced home is expected to begin to decline as mortgage rates ease, home prices soften, and incomes grow. In 2023...
When it comes to housing inventory for 2025, things are currently looking up! October 2024 marked the 12th straight month of inventory growth. Even better news: The number of homes on the market in October 2024 was 29.2% higher than a year earlier.6 ...
52.1%Percent of sales under list price(August 31, 2024) 30Median days to pending(September 30, 2024) (Metric availability is based on market coverage and data) How does this data help me?Zillow's metrics provide valuable market data by tracking market changes in different locations and housin...