In San Francisco, a family needs to earn more than $265,000 to afford a median-priced home. See how other metros stack up.
The market for new homes is moderating, with prices slightly down as builders adjust inventory to meet demand for affordable homes.
Just 11.2% of Redfin offers faced bidding wars in July, the lowest rate since at least 2011.
High-end home prices rebounded slightly in the second quarter, but sales continued to drop and supply surged.
Just 40.6% of black Americans own homes, compared to more than 73% of white Americans. And black Americans have seen significantly smaller home-equity gains since 2010.
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.
In San Francisco, a family needs to earn more than $265,000 to afford a median-priced home. See how other metros stack up.
The market for new homes is moderating, with prices slightly down as builders adjust inventory to meet demand for affordable homes.
Just 11.2% of Redfin offers faced bidding wars in July, the lowest rate since at least 2011.
High-end home prices rebounded slightly in the second quarter, but sales continued to drop and supply surged.
Just 40.6% of black Americans own homes, compared to more than 73% of white Americans. And black Americans have seen significantly smaller home-equity gains since 2010.
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.