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Housing Market

Weekly Market Update

U.S. Home-Sale Prices Just Fell for the First Time in 3 Years

The median monthly mortgage payment is still sitting at its second-highest level on record, spooking would-be buyers.  What to know about the U.S. housing market for the four weeks ending October 25:  The median U.S. home-sale price has fallen for the first time in more than three years. The median home-sale price was $389,601, down […]
Weekly Market Update

U.S. Pending Home Sales Sink to a New Low

Would-be homebuyers are pulling back as mortgage rates remain in the mid-7% range. What to know about the U.S. housing market for the four weeks ending October 18:  Pending home sales fell. They declined 1.9% from a week earlier to the lowest level in records dating back to 2021. Weekly average mortgage rates are holding […]

U.S. Home-Sale Prices Ticked Up 0.25% in September

Home prices rose 0.25% nationwide in September, up slightly from 0.21% in August. Prices grew month over month in 34 of the 50 most populous U.S. metros, with the fastest growth in Philadelphia and Pittsburgh. Prices declined in 16 metros, led by Fort Worth, a major buyer’s market. U.S. home prices increased 0.25% month over […]
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