US Home prices

Home Prices Soared to Record High in February

The prices of homes in the U.S. jumped more than 6% year-over-year in February. Home prices in the United States soared to a record high again in February despite mortgage rates remaining elevated, according to a report.

Home Sellers Forced To Slash Asking Price in These Metro Areas as Housing Supply Surges

The surging supply in the housing markets of Florida and Texas are partly due to the rapid pace of new construction during the pandemic homebuying boom.

Home Prices in the US Could Jump Another 5% This Year: Report

The median price of homes in the US is currently at $412,095. A 5% jump could increase it to $432,699.

Economist Says Housing Affordability in the US Has ‘Collapsed'

Would-be homebuyers now need an annual income of $113,520 to afford a typical home in the U.S. A senior economist at Redfin this week said housing affordability in the United States has "collapsed" as home costs outpace median household incomes.

More Than 500 US Cities Now Have Average Home Prices Above $1 Million: Report

The median home prices in million-dollar cities have increased 4.6% year-over-year. At least 550 cities across the United States are now being dubbed as "million-dollar" cities, which means the typical home value is worth $1 million or more, according to new research.

Home Prices ‘Will Go through the Roof’ When Mortgage Rates Fall: Corcoran

The mortgage rate for the 30-year fixed-term loan is currently 6.79%, according to Freddie Mac. Home prices could soar when mortgage rates fall to a certain level, according to a forecast from American investor Barbara Corcoran.

First-Time Buyers Now Need To Earn $114,000 To Afford Starter Home in the US

The median household income in the United States is $84,000, 35% lower than the income needed to buy a starter home.

Home Price Growth Falls Back to Pre-Pandemic Levels

Home prices in the U.S. increased 0.6% in February, which was also the average monthly gain recorded in the years leading to the pandemic.

91% of Homes in US Remain Overvalued: Report

Home prices across the United States were 11.1% overvalued as of the third quarter of 2023. Homes in 91% of the country's housing market remain overvalued despite a recent uptick in home sales and an increase in inventory, according to a new report.

US Home Prices Increase for Eighth Consecutive Month Despite High Mortgage Rates

The prices of homes across the United States increased 0.7% in September even as mortgage rates soared 8%.

US Home Prices on the Rise: Here's Where Houses Are the Priciest

Despite a recent downturn, research firms specializing in real estate forecasts anticipate that US home prices will continue to rise in 2024.

Home Price Growth Predicted to Stall and Remain Throughout the Summer

While new contract signings have risen year-over-year in May, home price growth in June is predicted to see stalled growth that would remain throughout the summer, the latest report said.

Home Prices Continue to Rise in Cities in US

Price is one of the major things that people consider when looking for a house to buy aside from its location. However, recent reports indicate that homebuyers may be wary of buying new houses in certain cities in the U.S., as prices of homes continue to rise.

U.S Real Estate Market: Home Prices Continues to Rise Based on Report

Home Prices has continually increased. This info is supported by the data as report on S&P/Case-Shiller Home Price Indices has been released on Wednesday.

Home Prices in the U.S. Climb 5.8% in November, 4 Metros Reach All-Time High

Home prices in the U.S climb in a faster rate in November, revealing 5.8% increase. It is also noted that there are four metros that have fully rebounded from recession and have already reached an all-time high at this time.

US Home Prices Up by 5.8%, Says S&P/Case-Schiller Home Price Index

Economists had estimated that the 20-city composite index, which covers major metropolitan areas, rose 0.8% month-on-month. Year-on-year, they had forecast a 5.7% rise, and the print was 5.8%, the highest since June 2014.

US Real Estate: 'Market is Heading Back Toward Earth'

The real estate boom is over. After enjoying years of healthy real estate activity, states across the country are now slowing down. As an industry analyst would put it, the real estate "market is heading back toward earth."

Home Selling: How Long You Should Wait Before Lowering Your Asking Price

It's always difficult to sell a home; even though you think your pricing is justified, home buyers might think it's way too steep. Of course, you can opt to lower your price, but you might just be losing some money that you need. This is precisely why it's important when - and how much - you should lower the asking price.