Homebuyers are getting cold feet due to high housing costs and economic uncertainty. Many are convinced they’ll be able to find a home they like better because there are so many listings on the market. Homebuyers are most likely to walk away in Texas and Florida, and least likely in Nassau County, NY and the […]
U.S. homebuyers will start to get some relief in 2026, with affordability improving as income growth outpaces home-price growth. Next year will mark the beginning of a long, slow recovery for the housing market. The Great Housing Reset will take shape in 2026. It won’t be a quick price correction, and it won’t be a […]
U.S. home prices are increasing and mortgage rates ticked up last week after dipping to their lowest level in a year. Rising costs and widespread financial uncertainty are causing house hunters to retreat. We’re taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data. We’ll […]
The typical retail worker earns $34,000 per year, or 52% less than they would need to afford the typical apartment. Rental affordability has improved slightly in recent years; the typical retail worker earned 57% less than they would need during the pandemic moving frenzy. The earnings shortfall is smallest in Cleveland, where the typical retail […]
Luxury home sale prices in West Palm Beach, FL have jumped 187.3% to a median $4.04 million over the past decade—the fastest growth among major U.S. metros. The Sun Belt is home to 8 of the 10 major metros with the fastest growth in luxury home prices since 2015. New York has posted the smallest […]
The number of home listings that were pulled off the market rose to a historically high level in September. Sellers are delisting because so many listings are going stale; many homeowners would rather stay put than accept a low offer. The increase in delistings is propping up home prices. Nationwide, 5.5% of total listings were […]