Housing Market

Affordability

U.S. Homeowner Population Stops Growing for First Time in Nearly a Decade

The number of homeowner households fell 0.1% year over year in the second quarter—a small decline, but the first since 2016. Meanwhile, the number of renter households rose 2.6%—one of the biggest increases in recent years. The number of homeowner households in America fell 0.1% year over year to an estimated 86.2 million in the […]

In Vacation Towns, Home Sales Are Falling and Prices Are Stagnating

Home sales are falling a bit faster in seasonal towns than non-seasonal towns, partly because second-home buyers are backing off amid economic uncertainty and tight short-term rental regulations. That’s causing sale prices in vacation destinations to flatten.  The number of homes sold in seasonal towns, those where vacation demand drives the housing market, fell 3% […]

San Francisco is the Only Major U.S. Metro Where Housing Costs Have Returned to ‘Normal’—But That Doesn’t Mean It’s Affordable

San Francisco is the only major U.S. metro area where housing costs have returned to “normal”—and Bay Area neighbors Oakland and San Jose are not far off. Redfin today published a report projecting hypothetical scenarios where U.S. housing costs will return to “normal” within the next ten years, using the mortgage payment-to-income ratio as the […]
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