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Housing Market

Affordability

U.S. Housing Market Gained $2.5 Trillion in Value in 2024

The combined value of U.S. homes climbed to $49.7 trillion in 2024. The total value of homes owned by millennials grew to nearly $10 trillion, representing more than 20% of the U.S. market. Two upstate New York metros—Albany and Rochester—had the fastest growth in aggregate home value, while Florida metros grew more slowly. San Diego […]
Affordability

U.S. Home Prices Grew 0.6% in January

Home prices grew 0.6% month over month in January, equal to the quickest pace since November 2023. On a year-over-year basis, home prices rose 5.4%—the slowest pace since August 2023. Ten of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Tampa (-1.6%). U.S. home prices rose […]
home
Monthly Market Update

January Brought More Homes for Sale. Few Were Bought.

Housing supply rose to the highest level since 2020 in January, but housing demand fell to the lowest level since 2020 as mortgage rates hit an eight-month high. Sellers are making moves because they’re tired of waiting for mortgage rates to fall, but buyers are skittish amid economic uncertainty and rising home prices, which are […]
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