Starter-home sales rose 3.9% year over year in June to the highest level since June 2023 as sales fell in all other price tiers. Starter-home inventory climbed to the highest level since October 2019, but that didn’t stop prices from rising: The typical U.S. starter home sold for a record $260,000 in June, up 3.1% […]
Starter-Home Sales Rose 4% in June, a Bright Spot in a Sluggish Housing Market Read More »
The median price of a typical U.S. home rose 1% to a record $447,035 in June. The equivalent price in Russian, Japanese and European currencies fell between 5% and 10% year over year in June—thanks to a weaker U.S. dollar. American homes are more expensive than a year ago in foreign currencies closely tied to
Slowing price growth is good news for homebuyers. So are shrinking housing payments, with the median U.S. mortgage payment falling to its lowest level in five months. The median U.S. asking price is $403,000, up just 2.2% year over year, the smallest increase in nearly two years. Asking prices are losing steam because it’s a
U.S. home prices were down slightly in June for the third consecutive month. Prices rose 3.4% year over year, the slowest rate since June 2023. 30 of the 50 most populous U.S. metros recorded a drop in home prices month over month. Prices fell most in Washington, D.C. (-1.8%), where home prices have been falling
14.9% of pending home sales fell through in June, up from 13.9% a year earlier. Some buyers are backing out during the inspection period because a better home comes along, and some are nervous about making a major purchase in uncertain economic times. Just over 57,000 home-sale agreements nationwide were canceled in June, equal to
1 in 7 Pending Home Sales Fell Through Last Month, The Highest June Level on Record Read More »
Sluggish homebuying demand and a pileup of inventory are deterring prospective home sellers, some of whom are opting to rent their homes out instead of sell. Existing-home sales hit a nine-month low as record-high home prices dissuaded buyers. Home sales, prices and listings are holding up relatively well in the Rust Belt, which has attracted
New Listings of U.S. Homes Fall to Lowest Level in Nearly Two Years Read More »
