Volatility on Wall Street and global economic uncertainty may have contributed to a decline in high-priced home sales in the luxury market. The average sale price for luxury homes nationwide rose 4.7 percent annually to an average of $1,772,000 in the fourth quarter of 2018. That’s on par with the annual growth seen in the […]
Homes for sale are taking longer to find buyers this January for the first time in three years. Typical home nationwide was on the market for 55 days, up from 54 last year. Here’s another sign that the housing market is slowing down, literally: The median number of days homes for sale are spending on […]
Super Bowl Sunday is almost here. If you are from Boston or Los Angeles, you may be psyched to see your city compete, and if you are from Kansas City or New Orleans, you may be bummed that your team just barely missed out on Sunday’s championship. But, there are plenty of cities across the […]
In some coastal areas, only a small portion of homes are affordable to the typical millennial—but in certain inland cities, nearly 90 percent of the housing market is affordable for the generation. St. Louis was the most affordable metro for millennials as of the end of 2018, with more than 88 percent of homes for […]
In San Jose, December 2018 and the first few weeks of 2019 brought new lows for home-price growth and bidding wars. The median home price in the San Jose metro area was down 8 percent annually to $975,000 for the month ending on January 20. That continues a trend that began in December when local […]
The prospect of making a down payment and securing a mortgage became even more difficult for federal employees who have gone without a paycheck for the last five weeks and remain in financial limbo with the temporary reopening of the government. Roughly 800,000 federal workers around the country were either furloughed or working without pay […]