Prices are declining in certain places as the supply of homes for sale outpaces demand, with high costs and economic uncertainty sidelining would-be buyers. The median home-sale price fell in 14 of the 50 most populous U.S. metro areas this week. Oakland, CA saw the biggest drop, with a 6.8% year-over-year decline, followed by two […]
Inventory is increasing in the nation’s capital faster than it is nationwide partly because some former federal workers are trying to offload their homes. The total number of homes for sale in the Washington, D.C. metro area rose 22.7% year over year in June, the third-biggest jump in records dating back to 2012. Only the […]
Starter-home sales rose 3.9% year over year in June to the highest level since June 2023 as sales fell in all other price tiers. Starter-home inventory climbed to the highest level since October 2019, but that didn’t stop prices from rising: The typical U.S. starter home sold for a record $260,000 in June, up 3.1% […]
The median price of a typical U.S. home rose 1% to a record $447,035 in June. The equivalent price in Russian, Japanese and European currencies fell between 5% and 10% year over year in June—thanks to a weaker U.S. dollar. American homes are more expensive than a year ago in foreign currencies closely tied to […]
Slowing price growth is good news for homebuyers. So are shrinking housing payments, with the median U.S. mortgage payment falling to its lowest level in five months. The median U.S. asking price is $403,000, up just 2.2% year over year, the smallest increase in nearly two years. Asking prices are losing steam because it’s a […]
U.S. home prices were down slightly in June for the third consecutive month. Prices rose 3.4% year over year, the slowest rate since June 2023. 30 of the 50 most populous U.S. metros recorded a drop in home prices month over month. Prices fell most in Washington, D.C. (-1.8%), where home prices have been falling […]