Housing Market
All Reports
September 7, 2023
Roughly one in 10 Gen Z respondents believe they’ll never own a home. Affordability is the number-one barrier to homeownership for young Americans: About half of Gen Z and millennial respondents who don’t plan to buy a home in the near future say it’s because homes are too expensive. About one-third of Gen Zers and […]
September 7, 2023
Mortgage-purchase applications are sitting at their lowest level in nearly three decades. But there are so few homes for sale that prices are up 4.5% annually, the biggest increase in nearly a year. Although mortgage rates are inching down from their recent peak, housing affordability isn’t improving much. With the median U.S. home-sale price up […]
September 6, 2023
San Francisco home sellers are four times more likely than the average U.S. home seller to take a loss, as the Bay Area metro reels from an outsized drop in home prices. The typical San Francisco seller who takes a loss sells their home for $100,000 less than they bought it for. Roughly one of […]
August 31, 2023
Nationwide, home prices are up 5% year over year–the biggest increase in 10 months–due to a severe lack of homes for sale. The median home-sale price in Miami rose 17% from a year earlier during the four weeks ending August 27, the biggest increase the metro area has seen since October 2022. That’s also the […]
August 30, 2023
The drop in investor purchases outpaced the 31% decline in overall home sales. Investor market share is down to 16% after hitting an all-time high of 20% in the first quarter of 2022. Investors are also making up a smaller share of the home-selling pie, with 8% of new listings owned by investors, down from […]
