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Housing Market News

Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High

The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. Pending home sales crept up 0.4% week over week.  We’re taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market […]

Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High Read More »

Most Homeowners See Their Home as a Reflection of Who They Are; Most Renters See It as Just a Place To Live

In recognition of National Homeownership Month in June, we surveyed American homeowners about how their homes and neighborhoods make them feel.  Most homeowners have warm feelings about their home, with 74% saying their home is a reflection of who they are. The same share, 74%, agreed they would rather be home than anywhere else.  Most

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A Tale of Two Markets: Luxury Home Prices Are Rising 3 Times Faster Than Non-Luxury Prices

Luxury U.S. home prices are up 4.7% year over year, compared to  a 1.5% increase in non luxury prices, as homebuying demand from affluent people continues to outpace demand from average Americans. High-end buyers are more active partly because they’re less sensitive to high mortgage rates and today’s economic uncertainty.  Luxury prices are rising fastest

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NYC Suburbs and the Bay Area Are This Spring’s Most Competitive Housing Markets

More than half of homes are selling above asking price in Newark, San Francisco, San Jose and Nassau County, making them the most competitive markets in the nation. The AI boom is leading to bidding wars in the Bay Area, and in the Northeast, many metros are seller’s markets.  The least competitive markets are in

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U.S. Home-Price Growth Accelerated in May, Fueled by April’s Brief Mortgage-Rate Reprieve

Home prices rose 0.3% month over month on a seasonally adjusted basis.  Prices rose 2.5% on a year-over-year basis–the fastest growth rate in six months.  On a local level, prices rose in 29 major metros month over month, with the biggest increases in Cleveland, Providence and New York.  This is based on the Redfin Home

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