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Us Home Prices

All articles tagged with #us home prices

real-estate1 year ago•3 min saved

US Home Prices Soar to Record Highs Amid Scarcity

U.S. home prices reached an all-time high in March 2024, with the S&P CoreLogic Case-Shiller 20-city home price index rising by 7.4% year-on-year, marking the highest increase since October 2022. San Diego led with an 11.1% annual gain, while New York and Cleveland followed. The national index saw a 6.5% annual gain, and all metropolitan areas recorded positive monthly growth. The robust housing market performance was highlighted by significant gains in major cities, although some areas like San Francisco and Seattle have not fully recovered from previous peaks.

via Benzinga|

#housing-market-trends #metropolitan-areas #real-estate

real-estate1 year ago•1 min saved

"Record-Breaking Home Prices Surge, Impacting Buyers and Sellers Alike"

US home prices hit a new record high in January, with the S&P CoreLogic Case-Shiller US National Home Price index rising 6% from the previous year, the fastest increase since late 2022. All cities reported annual price increases, with San Diego surging 11.2%. However, high mortgage rates and borrowing costs limited price growth, especially in the largest metro areas. On a month-over-month basis, prices rose 0.4% on a seasonally adjusted basis, but 17 of the 20 metro areas recorded price declines from December to January.

via CNN|

#affordability #housing-market #mortgage-rates

real-estate2 years ago•2 min saved

"November Sees Record Highs and Slowing Growth in US Home Prices"

US home prices reached a new record high in November, rising 5.1% nationally compared to the previous year, according to the S&P CoreLogic Case-Shiller index. The 10-city and 20-city composites also saw annual increases, with some cities hitting all-time highs. The housing market has rebounded despite higher mortgage rates and limited inventory, with prices likely to continue surging as the affordability crisis worsens.

via Fox Business|

#housing-inventory #housing-market #mortgage-rates

real-estate2 years ago•0 min saved

"US Home Prices Reach Record High for Eighth Consecutive Month"

U.S. home prices in the 20 biggest metros have risen for the seventh consecutive month, reaching a record high, due to a persistent shortage of properties for sale. The S&P CoreLogic Case-Shiller 20-city house price index increased by 0.2% in September, reaching its highest level since its creation in the late 1980s.

via MarketWatch|

#case-shiller #housing-market #real-estate

real-estate2 years ago•2 min saved

Zillow's Bullish Calls: U.S. Home Prices Bottomed in 48 Housing Markets

Zillow is optimistic about the U.S. housing market, predicting a 6.3% increase in home prices over the next year. Their forecast model identifies 48 regional housing markets that are expected to see even greater increases of 7.0% or more. These markets have tight inventory levels and relatively better affordability compared to other areas. While some firms disagree and believe home prices have more room to decline, Zillow's model has consistently been on the bullish side.

via Fortune|

#affordability #forecast #housing-markets

real-estate2 years ago•4 min saved

Mixed Signals: U.S. Home Prices Experience First Decline Since 2012, But Some Cities See Growth

U.S. home prices experienced their first year-over-year decrease since 2012, with a 0.2% decline in April 2023. Dallas-Fort Worth saw a historic decline, with prices down 2.9% compared to the previous year. However, from March to April, both national and local prices showed slight increases. The Case-Shiller index, which tracks sales-price changes, suggests that the market may be recovering after several months of decline. Low inventory levels continue to fuel competition and keep prices high in the Dallas-Fort Worth area. The future trajectory of home prices will depend on factors such as mortgage rates and economic conditions.

via The Dallas Morning News|

#case-shiller-index #dallas-fort-worth #housing-market

real-estate2 years ago

April Sees First Annual Drop in U.S. Home Prices Since 2012

US home prices have experienced their first annual decline since 2012 in April, according to the S&P CoreLogic Case-Shiller Index. The index showed a 3.6% annual decline in home prices across the US, with all 20 cities tracked by the index experiencing a slowdown in price growth. The housing market has been hit hard by the Covid-19 pandemic, with unemployment and economic uncertainty leading to a decrease in demand for homes.

via The Wall Street Journal|

#annual-decline #april #housing-market

real-estate2 years ago•1 min saved

Housing market experiences significant price drops amidst rising mortgage rates.

US home prices have experienced their biggest annualized drop in over 11 years, with the median existing-home price falling 1.7% to $388,800 last month, according to the National Association of Realtors. The slump comes amid a rapid rise in mortgage rates, with the average 30-year fixed-rate mortgage climbing from 5.25% to 6.35% over the past year, likely weighing on demand and discouraging people locked in at lower mortgage rates from selling their houses. Sales activity also dropped 3.4% between March and April and over 23% year-on-year.

via Markets Insider|

#housing-market-slowdown #mortgage-rates #national-association-of-realtors

real-estate2 years ago•0 min saved

U.S. Home Prices Rebound in February After Months of Decline.

US home prices rose 0.1% in February, marking the first increase in 8 months, due to low inventory and high demand from home-buyers. Despite weakness on the west coast, the housing market is up overall as the southeast continues to see strong gains.

via MarketWatch|

#case-shiller #high-demand #housing-market