Housing Market

Weekly Market Update

Median Monthly Housing Payment Posts Biggest Decline in Nearly a Year

Many would-be buyers are still spooked by rising sale prices and economic instability, but some are creeping off the sidelines. The median U.S. monthly housing payment was $2,530 during the four weeks ending October 26, down 1.4% year over year. That’s the biggest decline since November 2024. Monthly payments fell mainly because mortgage rates declined […]
New Construction

27% of For-Sale Homes Are Newly Built, the Lowest Share in 4 Years

That’s still well above pre-pandemic levels.  The pool of existing inventory is rising as more homeowners list and homes linger on the market. At the same time, some builders are refraining from starting new projects as they try to offload inventory.  House hunters who are interested in new construction may want to act now, while […]
Affordability

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 20 days—over twice as fast as the typical U.S. home. The housing market in the San Francisco Bay Area is picking up steam thanks to rising incomes, an AI boom […]
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