Home sales and new listings were little changed from a month and a year earlier in October, and prices have also shown signs of flattening. Housing-market activity is plateauing as Americans grapple with high costs and economic uncertainty. Still, buyers have the upper hand; the typical home that sold went for 1.5% less than its […]
The U.S. Housing Market Is Stuck, With Sales and Listings Barely Budging Read More »
U.S. home prices rose 0.3% from a month earlier in October on a seasonally adjusted basis. Home prices increased 2.9% year over year, down from 3.1% in September and the slowest growth since 2012. Prices fell in 14 of the 50 most populous U.S. metros, down from 37 metros posting drops in July. The biggest
U.S. Home Prices Rose 0.3% in October Read More »
The homes that do sell are taking a long time to find buyers, who are wary of high housing costs and economic instability. U.S. pending home sales fell 0.3% from a year earlier during the four weeks ending November 9, a tiny decline but the first in four months. The homes that are selling are
Pending Home Sales Slip As Would-Be Buyers Wait For Lower Rates and Economic Clarity Read More »
22% of U.S. home listings are affordable to the typical U.S. military veteran using a VA loan. Veterans–both those using VA loans and those using conventional loans–can afford slightly more home listings than they could have in 2023, when affordability was at an all-time low. Now, incomes are rising faster than housing payments. But veterans
An analysis of domestic migration data shows high-flood-risk counties lost nearly 30,000 more residents than they gained last year, driven largely by outflows from Miami and Houston. Some are leaving due to climate risk, while others are moving out in search of a lower cost of living or different politics. Redfin agents say many are
Flood-Prone America Is Seeing More People Move Out Than In for the First Time Since 2019 Read More »
Homes are selling at the slowest pace for this time of year since 2019. U.S. pending home sales ticked up 0.7% year over year during the four weeks ending November 2, the smallest increase in four months. Homes are also taking longer to sell: The typical home that sold in October went under contract in
Pending Home Sales Barely Budge, As Buyers Stay Cautious Despite Lower Mortgage Rates Read More »
