Housing Market News
Affordability
Condo Prices Dropped 2% in May—the Second Largest Decline on Record
Condo prices fell amid increasing HOA fees and insurance costs. Single-family home prices, by comparison, rose 0.5%. Condo sales dropped 12%—more than three times as
6% of Today’s Home Sellers Are At Risk of Selling at a Loss. That’s Up From 4.4% a Year Ago, But Still Historically Low.
The risk of selling at a loss varies significantly in different parts of the country; nearly 20% of sellers are at risk of losing money
The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall
There are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this
U.S. Home Prices Tick Down 0.1% in April, the First Monthly Drop Since 2022
U.S. home prices in April nudged down 0.1%, the first month-over-month decline since September 2022. Home prices rose 4.1% year over year—the smallest increase since
The Homes Americans are Buying are Older Than Ever
The typical home bought in the U.S. hit a record age of 36 years in 2024—up from 27 years in 2012. Buyers pay less for
Sending 2 Kids to Daycare Costs More Than Rent in Most Major U.S. Metros
In Denver and Seattle, families pay nearly as much for daycare as they do for rent–and they pay much more for daycare than rent if
In Detroit, a Family Needs to Earn $27,000 to Afford the Typical Home. In San Francisco, It’s More Than $265,000.
In San Francisco, a family needs to earn more than $265,000 to afford a median-priced home. See how other metros stack up.
Prices for the Most Affordable U.S. Homes Up 9% in June
But in San Jose and Orange County, two of the most expensive markets in the U.S., prices for the most affordable homes are falling.
One in 10 Millennial Homebuyers Say They’ll Rely on Parents for Mortgage Help, Down From 17% Last Year
In only eight months, millennial homebuyers plan to rely less on their family to afford their mortgage
Here’s How Many Affordable Homes Could Be Purchased For $238 Million–The Price of Most Expensive U.S. Home Ever Sold
A New York City penthouse broke records selling for $238M, which is equivalent to purchasing just about every single affordable house on the market in Deltona, Fl, or half of all homes on the market.
It’s Not All About Demand: Home Prices are Sky-High Where It’s Most Difficult and Most Expensive to Acquire and Develop Land
In expensive coastal metros like San Jose, the value of land accounts for more than half of the typical home’s value, far more than it does in inland areas.
Here are the Most (And Least) Affordable Metros for Getting Married and Buying a Home in the Same Year
If you’re torn between spending your wedding budget on a party or a down payment, our data compares the national average wedding cost with the median home list price and average down payments.
