Housing Market News
Affordability
There Are Now Only 5 Major Metros Where A Typical Luxury Home Costs Less Than $1 Million
The number of major metros where you can buy a luxury home for less than $1 million is down to five from eight last year.
The Income Needed to Afford a Home Declined For Seventh Straight Month in April
Homebuying affordability improved slightly in April because mortgage rates declined while incomes rose. Still, the income required to afford a home was $29,000 higher than
U.S. Home Prices Rose 0.2% in April
Improving homebuyer demand could fuel further price gains in the coming months. Montgomery County, PA saw the biggest price gain, followed by Cleveland and Nassau
America’s Housing Market Favors Buyers—But Their Advantage Is Finally Starting to Shrink
There were an estimated 47% more sellers than buyers in April, down from 48% the month before and a peak of 49% at the end
Bay Area Luxury Home Prices Have Jumped 13% Since Launch of ChatGPT
Home prices during the AI boom have surged far faster in the Bay Area’s luxury zip codes than its non luxury zip codes—a split not
Room to Grow: Here’s Where Gen Zers Own the Largest Share of 3+ Bedroom Homes
Salt Lake City is the U.S. metro where Gen Z adults own the highest share (3.6%) of homes with three or more bedrooms. Virginia Beach,
Homebuyers Are Scoring the Biggest Discounts in 13 Years
The typical buyer who scored a home for below the list price in 2025 got a 7.9% discount—the largest since 2012. 1 in 4 buyers
More Gen Zers are Buying Homes. But It’s a Trickle, Not a Flood.
Homeownership for young Americans is a mixed bag. The homeownership rate for Gen Zers and millennials is ticking up, but both generations are tracking behind
Homebuyers Are Canceling Deals at the Highest Rate on Record
Over 40,000 U.S. home-purchase agreements were canceled in December, equal to 16.3% of homes that went under contract that month—the highest December percentage in records
Home Sellers Outnumber Buyers By a Record Margin, Upping Buyers’ Bargaining Power
There were a record 47% more home sellers than buyers in December, giving the buyers who were in the market negotiating power. The Sun Belt
Trump’s Mortgage Bond Order Pushes Rates Below 6% For First Time in Nearly 3 Years, Boosting Purchasing Power
Purchasing power has increased $30,000 in the last six months, with rates falling below 6% the day after President Trump ordered a $200 billion mortgage
The U.S. Housing Market Has 37% More Sellers Than Buyers—More Than Double Last Year’s Gap
Summer 2025 was the only time in records dating back to 2013 that sellers outnumbered buyers by a larger percentage. This mismatch means it’s a
