A new-construction boom is contributing to listings surging to pre-pandemic levels on Florida’s west coast, cooling competition during a period when natural disasters and rising insurance costs are already discouraging homebuyers. But while high housing costs are hampering many U.S. housing markets, Rochester and Buffalo are heating up, with homebuyers attracted to relatively low prices. […]
Prices are down 3% in Austin, TX, more than any other metro, as near-record housing costs push homebuyers away. Nationwide, price drops are at their highest level since November 2022, suggesting more metros may soon see sale prices decline. Home-sale prices are declining year over year in four major U.S. metros, three of them in […]
Millennials, Gen Xers and baby boomers all ranked the overall economy as the top issue in their presidential pick. Preserving democracy was more likely than housing affordability to weigh on Gen Xers’ and boomers’ minds. More than nine in 10 (91%) adult Gen Zers say housing affordability is important when considering who they will vote […]
U.S. renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership. The rise of remote work is another factor leading more people to choose the renting lifestyle, for flexibility and convenience. Most U.S. renters move within five years, but they’re more likely to […]
More home sellers are cutting their asking price, suggesting sale-price growth could soften in the coming months. But this week, the median sale price rose to another record high, pricing out some buyers. Nationwide, 6.4% of home sellers cut their asking price during the four weeks ending May 26, on average, the highest share since […]
Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly. The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19, up 4% from a year earlier. Weekly average mortgage rates dipped to 7.02% from […]