Tag Archives: price increases

Redfin’s Home Price Index reveals that home price growth has stalled as U.S. housing supply remains below pre-pandemic levels. Read on to learn why buyers have been left “grappling with limited purchasing power."

As home seller profits continue to rise, profit margins on typical home sales also increased nationwide, while the median U.S. home price surged to a new all-time high in Q3, according to ATTOM's 2023 U.S. Home Sales Report. Read the latest to find out why “any predictions of an extended market fallback may have been premature.”

A new survey from LendingTree revealed that in addition to rising mortgage rates and housing costs, approximately 39.79% of respondents cited rent increases as the primary reason why they felt pressured to move, followed by landlords not making repairs and living in unsafe neighborhoods.

Affordability continued to hamper first-time buyers looking to purchase a home during Q3. A new report revealed single-family existing-home sales prices grew in nearly every metro analyzed, with the national median home price climbing nearly 9% from 2021.

High prices and low inventory challenges markets across the U.S., and according to data by Redfin’s latest Luxury Market Report—home prices in this market rose 4.9 percent in ...