The month after the Eaton and Palisades wildfires, home sales and new listings fell in the neighborhoods that were directly impacted. The story is different in the greater Los Angeles metro, where the housing market picked up. Home sales fell by double digits in the Pacific Palisades and Altadena in the wake of January’s devastating […]
Young Americans are also tracking behind their parents’ generations; for instance, 33% of 27-year-olds own their home today, compared to 40% of baby boomers when they were 27. Young Americans are losing their momentum when it comes to homeownership. Just over one-quarter (26.1%) of Gen Zers owned their home in 2024, essentially flat from 2023 […]
House hunters are touring homes and applying for mortgages as rates stay below 7%, but prospective buyers aren’t always following through with a purchase. The typical U.S. homebuyer’s monthly housing payment is $2,793, just a few dollars shy of the all-time high. Housing payments are sky-high for two reasons. One, sale prices keep rising; the […]
Home prices grew 0.4% month over month in February, the slowest pace since July 2024. On a year-over-year basis, home prices rose 5.1%. It was the 10th consecutive month that annual growth had slowed. Eight of the 50 most populous U.S. metros—nearly all in Florida and Texas—recorded a drop in home prices year over year, […]
Milwaukee’s median sale price jumped 20% year over year in February—a bigger increase than any other major metro. Detroit also saw a double-digit gain. A housing shortage is prompting buyers to bid up prices. Nationwide, home prices rose 3% year over year, while pending sales fell the most since 2023. The typical U.S. home that […]
Most of February’s most expensive home sales were in beachfront Florida, with properties in Southern California and Manhattan rounding out the list. Coastal Florida was home to seven of the 10 highest-priced U.S. home sales of February. Two estates in Southern California and one penthouse in New York City rounded out the list. All sold […]