The median sale price of a home in the US rose to $438,815 in July, marking a 4.0% year-over-year increase, according todata from Redfin. Mortgage rates also remain elevated, with the contract rate for the 30-year term settling at 6.46% in the week ending Aug. 22, perFreddie Mac....
Hottest Markets for Housing Demand TheDemand HMIincludes government data on employment, unemployment, household growth, consumer sentiment from the University of Michigan, median home sales prices from Redfin, and observed, smoothed housing rental prices from Zillow. ...
Climate change impacts threaten the stability of the US housing market. In response to growing concerns that increasing costs of flooding are not fully captured in property values, we quantify the magnitude of unpriced flood risk in the housing market by comparing the empirical and economically effic...
The housing market in northern California is cooling faster than the rest of the U.S.,according to a recent Redfin analysis. Of the 10 fastest-cooling housing markets, five are in Northern California. Three of these markets are in the Bay Area. The rest are in the western U.S., such ...
Pittsburg was noted as the most affordable housing market both in the US and in the world. In 2022, the median income was $63,380, per theCensus Bureau. The median listing price in May this year was $235,000, according toRedfin. ...
The Demand HMI includes government data on employment, unemployment, household growth, building permits, consumer sentiment from the University of Michigan, median home sales prices from Redfin and observed, smoothed housing rental prices from Zillow. ...
Redfin Deputy Chief Economist Taylor Marr said those stats boil down to one truth: housing affordability is at its lowest point in history. "Many millennials were able to buy their first home before or during the pandemichomebuying boom, but many others were priced out of homeownership and forc...
Below we see the price forces and stats from real estate data sources such as NAR, NAHB, FRED, Redfin, Corelogic, Statista, Trading Economics and Reuters. The… Read More US Housing & Home Prices real estate Cities with the Lowest House Prices ByGord Collins June 18, 2021 US Cities ...
Combined with high home prices, the rapid rise in borrowing costs has pushed many entry-level homebuyers out of the market. A new report from Redfin last week showed that home sale cancellations soared in July to another two-year high as buyers retreated from the market. About 63,000 home ...
The average home price is up 47.1% since 2020, with the median sale price recently hitting $394,000, according to the latest data from Redfin. Meanwhile, high interest rates and insurance costs are making the affordability crisis worse, pushing the cost of buying a home toa fresh record. ...