Housing Market
All Reports
August 1, 2024
Monthly housing payments have dropped to their lowest level in four months, but homebuyers and sellers aren’t yet reacting. In addition to pending home sales falling, new listings posted their smallest increase in three months. The median U.S. monthly housing payment was $2,667 during the four weeks ending July 28, its lowest level since March. […]
July 29, 2024
Donald Trump has said he wants to lower mortgage rates and loosen building regulations, which would make homes more affordable and increase supply. Several of his other stances would also impact housing affordability; for instance, his policies could slow immigration–which would slow homebuilding–and increase tariffs, which would result in higher rates. Housing affordability–or lack thereof–is […]
July 25, 2024
Luxury home prices rose 8.8% year over year in the second quarter, more than twice as fast as non-luxury homes. Luxury home sales grew 0.2%, while sales of non-luxury homes fell 3.4% to the lowest level in a decade. Luxury homes sat on the market longer than a year ago, as inventory rose to the […]
July 25, 2024
Monthly housing payments are falling as mortgage rates decline, but many house hunters remain on the sidelines, with pending sales posting their biggest drop in nearly nine months. That’s because sale prices are still near record highs; additionally, some would-be buyers are wary of political and economic instability. The typical U.S. homebuyer’s monthly housing payment […]
July 24, 2024
That’s up from 60% a year ago. More home listings are growing stale because high housing costs are dampening demand, while the supply of homes for sale is growing. Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract. That’s up […]
