Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record. Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year. San Francisco’s luxury housing market is greatly outperforming the […]
San Francisco’s Luxury Home Sales Jump 22% As Median Price Nears $7M Read More »
More homeowners are putting their houses on the market, with new listings increasing for the second week in a row after five straight months of declines. U.S. pending home sales rose 2.7% year over year during the four weeks ending April 26, the biggest increase in six weeks. Mortgage-purchase applications have risen to their highest
Homebuying Demand Ticks Up, Mortgage Rates Tick Down Read More »
Salt Lake City is the U.S. metro where Gen Z adults own the highest share (3.6%) of homes with three or more bedrooms. Virginia Beach, VA (3%), Oklahoma City, OK (2.9%), Louisville, KY (2.7%) and Indianapolis (2.6%) round out the top five. Nationally, Gen Z adults own just 2.2% of three-plus-bedroom home stock. In comparison,
Room to Grow: Here’s Where Gen Zers Own the Largest Share of 3+ Bedroom Homes Read More »
We’re seeing a small spring rebound, with new listings of homes for sale ticking up. New listings of U.S. homes for sale rose 3% year over year during the four weeks ending April 19, the biggest increase since November. Pending home sales fell 1.2% year over year, the smallest decline in about a month. Mortgage-purchase
More Homeowners Are Putting Up ‘For Sale’ Signs As the Days Get Warmer Read More »
13.4% of home-sale agreements that went under contract in March were canceled. House hunters are getting cold feet as costs stay high and economic uncertainty is in the air. Contract cancellations are most common in big-time buyer’s markets like San Antonio and Orlando, where home searchers have a lot of options. They’re least common in
More Than 50,000 Home-Purchase Contracts Fell Through in March Read More »
Home prices ticked up 0.1% month over month on a seasonally adjusted basis. Prices rose 1.7% on a year-over-year basis–the slowest growth rate on record. On a local level, prices fell in 13 major metros month over month, with the biggest declines in Texas and the biggest increase in San Francisco. U.S. home prices inched
U.S. Home Prices Inched Up 0.1% in March Read More »
