Housing Market
All Reports
August 4, 2023
The median U.S. home-sale price is up 3.2% year over year, the biggest increase since November, and mortgage rates remain elevated. Prices are increasing largely due to the lack of supply, with inventory posting its biggest drop in 18 months as homeowners grasp onto low rates. The typical U.S. homebuyer’s monthly mortgage payment was $2,605 […]
July 28, 2023
Rising home prices and elevated mortgage rates have pushed the income necessary to buy the typical U.S. starter home up 13% over the last year. New listings of starter homes are down 23%, the biggest decline since the start of the pandemic. San Francisco, Austin and Phoenix are the only major U.S. metros where the […]
July 27, 2023
A lack of homes for sale is pushing prices up. Inventory posted its biggest decline in 18 months as homeowners cling to relatively low mortgage rates. The typical U.S. home sold for roughly $382,000 during the four weeks ending July 23, up 2.6% from a year earlier, the biggest increase since November. Still, homebuyers are […]
July 26, 2023
Luxury home prices in the Bay Area and Seattle fell between 10% and 13% in the second quarter—more than anywhere else in the country. Nationwide, luxury prices rose 5% from a year earlier. Luxury home sales dropped 24%, the smallest decline in a year. Non luxury listings declined roughly twice as much as luxury listings, […]
July 20, 2023
Prices posted their biggest increase in over seven months, with more demand than supply as high mortgage rates deter sellers. That pushed monthly housing payments to an all-time high. Prices will likely continue rising for at least the next several months. The typical U.S. home sold for $382,500 during the four weeks ending July 16, […]
