Housing Market News
Affordability
Homes in Highly Rated School Zones Cost 35% More Than the Average U.S. Home. But the Premium Is Much Smaller in Some Parts of the Country.
The typical U.S. home located in a highly rated school zone costs $580,000, which is 35% more than $430,000 for the typical home overall, regardless
Housing and Childcare Consume More Than Half of the Typical U.S. Family’s Income–But Costs Vary Widely by Metro
Where a family lives can change the affordability equation: housing and childcare consume 40% of the typical working family’s income in Little Rock, compared with
First-Time Buyers Catch a Break As Affordability For U.S. Starter Homes Improves Slightly Faster Than Overall Market
Starter-home affordability is improving: The income needed to afford a typical U.S. starter home is down 1.5% from a year ago, marking eight straight months
The Income Needed to Afford Typical American Home Holds Steady Near Record High of $110,000
Housing costs keep rising, but so do incomes, leaving the income required to afford a home largely unchanged from last year’s record high. The income
From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
San Francisco’s median home-sale price dropped to a low of $625,000 in the aftermath of the Great Recession; since then, it has risen over $1
Affordable, Inland College Towns Buck National Trends, Seeing Double-Digit Home Price Growth and Fast Sales
Morgantown, WV, Syracuse, NY and Tuscaloosa, AL, lead U.S. college towns in home-price growth, all posting double-digit year-over-year climbs. The most expensive college towns—Santa Barbara,
A Record 8% of U.S. Homes Are Worth At Least $1 Million
That’s nearly double the pre-pandemic share. The biggest jump was in Anaheim, where 55% of homes were worth $1 million or more in February, up
Homebuyers on a $2,000 Monthly Budget Stand to Lose $13,750 in Spending Power as Mortgage Rates Rise
Redfin economists predict mortgage rates will hit 3.9% by the end of the year. At that level, homebuyers could afford a $382,250 home on $2,000
The Value of Austin’s Housing Market Surged Nearly 40% in the Past Year—Twice as Fast as the U.S.
The total value of U.S. homes soared 19% year over year to $39 trillion in December, the largest gain that month since at least the
12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment, Up From 5% in 2019
Digital currencies are becoming an increasingly common payment method as millennials rush the housing market. One in nine first-time homebuyers (11.6%) surveyed in the fourth
Nearly Half of House Hunters Would Feel More Urgency to Buy If Mortgage Rates Passed 3.5%: Survey
Rising rates will likely drive up housing-market competition in the short term.
Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends
In the luxury market, demand remains strong but has cooled from its pandemic peak as a return to normalcy has affluent Americans spending their savings
