Housing Market News
Affordability
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.
Tariffs Push Mortgage Rates Down, Upping Homebuyers’ Purchasing Power While Amping Economic Uncertainty
Mortgage rates have dropped to their lowest level in six months in the aftermath of President Trump’s newly announced tariffs. For weary homebuyers who have
68% of Condos Sold Below List Price in February—the Highest Share in 5 Years
The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more
Big City Comeback: Homebuyer Competition Is Rising Fastest in the Bay Area, New York
57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50
Gen Z and Millennial Homeownership Rates Flatlined in 2024 As Housing Costs Soared
Young Americans are also tracking behind their parents’ generations; for instance, 33% of 27-year-olds own their home today, compared to 40% of baby boomers when
The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It’s Closer to 20 Years.
The typical Los Angeles homeowner stays put for 19.4 years, longer than any other U.S. metro and the longest span on record for the area.
America’s Wealthiest 1% Could Buy 99% of America’s Homes
The combined net worth of America’s wealthiest 1% has grown to a record $49.2 trillion, almost the same as the combined value of all the
