Housing Market News Archives

Gen Z and Millennial Homeownership Rates Flatlined in 2024 As Housing Costs Soared

March 24, 2025

Young Americans are also tracking behind their parents’ generations; for instance, 33% of 27-year-olds own their home today, compared to 40% of baby boomers when they were 27. Young Americans are losing their momentum when it comes to homeownership. Just over one-quarter (26.1%) of Gen Zers owned their home in 2024, essentially flat from 2023 […]

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Near-Record Housing Costs Put a Lid on Pending Sales, Even as Early-Stage Demand Picks Up

March 20, 2025

House hunters are touring homes and applying for mortgages as rates stay below 7%, but prospective buyers aren’t always following through with a purchase. The typical U.S. homebuyer’s monthly housing payment is $2,793, just a few dollars shy of the all-time high. Housing payments are sky-high for two reasons. One, sale prices keep rising; the

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U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July

March 18, 2025

Home prices grew 0.4% month over month in February, the slowest pace since July 2024. On a year-over-year basis, home prices rose 5.1%. It was the 10th consecutive month that annual growth had slowed. Eight of the 50 most populous U.S. metros—nearly all in Florida and Texas—recorded a drop in home prices year over year,

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Home Prices Are Rising Fast in the Midwest

March 14, 2025

Milwaukee’s median sale price jumped 20% year over year in February—a bigger increase than any other major metro. Detroit also saw a double-digit gain. A housing shortage is prompting buyers to bid up prices. Nationwide, home prices rose 3% year over year, while pending sales fell the most since 2023. The typical U.S. home that

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Here Are the 10 Most Expensive Home Sales of February

March 13, 2025

Most of February’s most expensive home sales were in beachfront Florida, with properties in Southern California and Manhattan rounding out the list. Coastal Florida was home to seven of the 10 highest-priced U.S. home sales of February. Two estates in Southern California and one penthouse in New York City rounded out the list. All sold

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More People Are House Hunting and Applying For Mortgages as Rates Decline

March 13, 2025

Prospective homebuyers are hitting the pavement as rates drop to their lowest level since mid-December. But that hasn’t yet translated to sales. More house hunters are touring homes as mortgage rates decline. Mortgage-purchase applications rose 7% this week to their highest level since the start of February as weekly average mortgage rates dipped to their

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