Housing Market News
Affordability
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
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
