Home prices, while at a record high for this time of year, are growing at the slowest clip since 2023 because sellers outnumber buyers. Active listings hit a 5-year high in May, while existing-home sales hit a 7-month low. It took 38 days for the typical home to go under contract—the slowest May pace since […]
Home Prices Grow at Slowest Pace in Nearly 2 Years Read More »
The typical U.S. homebuyer puts 15% down, essentially unchanged from 15.1% last year. FHA and VA loans are becoming more common as the housing market tilts toward buyers. Just over 15% of mortgaged homebuyers use an FHA loan, and just over 7% use a VA loan, up from last year. 31% of buyers are paying
51% of surveyed homeowners and renters think less immigration could make homes more expensive, while 39% think it could make homes more affordable. 68% of respondents think tariffs could fuel price inflation and high interest rates, while 35% think they could make homes more affordable. Over half of U.S. homeowners and renters (51.2%) strongly or
Americans Are Torn on How Immigration, Tariffs Impact Housing Affordability Read More »
The number of major metros where you can buy a luxury home for less than $1 million has shrunk from 30 to seven since 2020. Detroit is the most affordable metro for luxury homes, with a median price of $753,851—44.1% less than the typical luxury home nationwide. San Francisco is the most expensive, with a
The median U.S. asking rent dropped 1% year over year to $1,633 in May as elevated apartment supply gave renters room to negotiate. Asking rents fell fastest in Austin, down 9% to the lowest level since 2021. Rents hit a record high in four metros: Chicago, Cincinnati, Memphis and Washington, D.C. The median U.S. asking
Asking Rents Are Falling in 28 Major U.S. Metros—the Most Since 2023 Read More »
More than $330 billion worth of listings have been sitting on the market for 60 days or longer. Rising inventory and slow homebuying demand is pushing up the total dollar amount of home listings, and will push down home-sale prices by the end of the year. There’s a total of $698 billion worth of homes
U.S. Home Sellers Are Sitting on Nearly $700 Billion Worth of Listings, an All-Time High Read More »
