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
Affordability Improves Slightly For Veteran Homebuyers, But Most Homes Are Still Out of Reach
22% of U.S. home listings are affordable to the typical U.S. military veteran using a VA loan. Veterans–both those using VA loans and those using
Bay Area Housing Market Heats Up Amid AI Boom, Return to Office
Pending home sales jumped 17% year over year in San Francisco last month—more than any other major metro. The typical home also sold in roughly
Austin, TX Is America’s Strongest Buyer’s Market, With Over Twice as Many Home Sellers as Buyers
Nationwide, there are an estimated 37% more sellers than buyers—a near-record gap that’s giving buyers across the country negotiating power. There are seven metros where
Homebuyers Are Canceling Deals at a Record Rate. Here’s Why.
Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month—the highest August percentage in records
Summer 2025 Was the Strongest Buyer’s Market in Records Dating Back Over a Decade
There were an estimated 506,000 more home sellers than buyers in August, meaning buyers held the negotiating power. But the tables could turn if falling
Wages Are Growing Faster Than Rents and Mortgage Payments
Wages are up 4.1% year over year, while asking rents are up 2.6% and mortgage-payment growth has slowed to roughly 0% amid declining mortgage rates
