The share of existing-home sales ticked up, ending a five-month slide, according to a new report from NAR, while the median existing-home price also jumped in November, marking a fifth consecutive month of year-over-year price increases.
Read More »139 Straight Months of Home Price Growth
“While continued mortgage rate increases challenge affordability across U.S. housing markets, home price growth is in line with typical seasonal averages, reflecting strong demand bolstered by a healthy labor market, strong wage growth and supporting demographic trends,” said Selma Hepp, Chief Economist for CoreLogic.
Read More »Renting vs. Buying: Examining the Cost of Homeownership
Potential first-time homebuyers looking to shift from renting to homeownership in 2023 are facing mortgage rates that are nearly 4 percentage points higher than the low point in Q4 2020, limiting their purchasing power. In a new analysis, First American Economist Ksenia Potapov revealed the costs of renting against the costs of owning a home.
Read More »San Francisco Homeowners Most Likely to Lose Money When Selling
Due to a plunge in home prices in the popular Bay Area metro, San Francisco homeowners were most likely to lose money when selling their home. According to a new Redfin report, the typical San Franciscan seller who took a loss sold their home for $100,000 less than they bought it for.
Read More »Despite Small Gains, Home Price Growth Remains Near 11-Year Low
CoreLogic economists attribute June’s small bump in price growth to an economic rebound, a boost in the jobs market, and strong consumer spending.
Read More »Eleven States and D.C. Posted Annual Home Price Losses in May
Selma Hepp, Chief Economist for CoreLogic, said, “Elevated mortgage rates and high home prices are putting pressure on potential buyers. These dynamics are cooling recent month-over-month home price growth.”
Read More »Recent Housing Market Downturns Targeting Western Regions, Upscale Areas
"We are starting to see some patterns that show where the U.S. housing market is cooling off and how it's hitting homeowners based on some key metrics. It looks so far—and it's important to stress, so far—to be having more impact in places with the highest housing costs and less impact elsewhere," said Rob Barber, CEO at ATTOM.
Read More »East vs. West: Home Prices Diverge on Opposite Coasts
The S&P Dow Jones Indices has released its latest S&P CoreLogic Case-Shiller Indices, which found that in January 2023 the trend of declining home price gains continued across the United States as major cities.
Read More »Price Declines Centering on Large Cities, Coastal Areas
"With the U.S. housing market cooling off considerably since the middle of last year, some areas of the country continue to show signs of being more at risk of a larger downturn than others,” said Rob Barber, CEO at ATTOM.
Read More »Rising Home Prices Decelerate
“A slowdown in home prices is underway and welcomed, particularly as the typical home price has risen 42% in the past three years,” National Association of Realtors Chief Economist Lawrence Yun said.
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