Luxury Home Prices Dropped 2.3% This Spring, Reversing Course From Pre-Pandemic Growth
Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound.
July 2, 2020
Pending Home Sales Approach 2019 Levels, Powered by Record-Low Mortgage Rates
Record-low mortgage interest rates below 3% drove pending sales to increase again, nearly to 2019 levels.
June 30, 2020
Minneapolis, Milwaukee & Salt Lake City Have the Lowest Black Homeownership Rates in the U.S., With Just One-Quarter of Black Families Owning Their Home
Even in Washington, DC, which has the highest Black homeownership rate in the U.S., just 51% of Black families own their home, versus more than 70% of white families. In Minneapolis, Milwaukee and Salt Lake City, just one-quarter of Black families own their homes.
June 29, 2020
Prices of Affordable Homes Have Jumped 5.5% During the Pandemic
Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while prices of the most expensive third of homes increased just 2%.
June 26, 2020
Homebuying Demand Rebound Amid Coronavirus Recession Highlights Wealth Divide
The impact of the coronavirus shutdowns on homebuyer demand has so far been short and muted, even in some of the cities that have been the hardest-hit by unemployment during the recession.
June 22, 2020
Home Prices Flat, Other Indicators Suggest the Market is Rebounding from Coronavirus Shutdowns
The housing market showed some early signs of recovery in May as new listings and pending sales both increased dramatically from April levels.
June 19, 2020