U.S. home prices rose 0.2% from a month earlier in November on a seasonally adjusted basis. Home prices increased 2.6% year over year, down from 2.9% the month before and the slowest growth in records dating back more than a decade. Prices fell month over month in 11 major metros, with the biggest declines in […]
U.S. Home Prices Ticked Up 0.2% in November Read More »
A lakeside Rochester suburb tops the list, but the Bay Area is a close second. Irondequoit, NY, a suburb of Rochester, is the most competitive housing market in the U.S. Homes in the lakeside town typically sell in just 8.5 days and for well over their asking price. It’s followed by Sunnyvale, CA, Santa Clara,
Western New York Is the Most Competitive Place to Buy a Home in America Read More »
Active listings fell 1.4% month over month in November as sellers backed off due to sluggish homebuyer demand. Pending home sales fell the most in nearly a year, and the typical home that did sell sat on the market for 53 days—the slowest November pace in nearly a decade. A silver lining for buyers: Many
Home Sellers Retreat, With Supply Posting Biggest Decline Since 2023 Read More »
The Midwest and South are home to a majority of the country’s most affordable cities. A typical household in Bellefontaine Neighbors, MO, a St. Louis suburb, would need to spend just 16% of their income on housing every month—the lowest share in the nation and less than half the national average. Ferguson, MO (17.6%), Detroit,
The Suburbs of St. Louis Are the Most Affordable Place in the U.S. to Buy a Home Read More »
U.S. investor activity was sluggish in the third quarter, with investor home purchases up 1% from a year earlier and market share rising marginally. Investor purchases are fairly flat because it’s harder to make a profit as a flipper or a landlord than it used to be; the share of investor-owned homes selling at a
Investor Activity Is Muted, With Home Purchases Up 1% and Market Share Holding Steady Read More »
Starter-home sales rose 4.9% year over year, increasing for the 14th consecutive month. In comparison, sales of mid-priced homes inched up 0.7%, and high-priced home sales rose 0.8%. Starter home sale prices rose 2% year over year to a median $260,000 in October. Active listings of starter homes rose 13% year over year, pushing inventory
Starter-Home Sales Climb 5%, But Prices Stay in Check as Inventory Hits 9-Year High Read More »
