US Housing Market

These 15 US Housing Markets May See Home Price Corrections: Report

The firm analyzed data from 1,000 housing markets in the U.S., identifying areas where there is more supply and less demand.

US Home Prices Hits New Record as Housing Affordability Worsens

The median home sale price in the country in June was nearly 5% higher than the figures recorded in the same month last year.

15 US States Where Home Prices Grew the Most in the First Quarter of 2024: Report

Nationally, home prices rose by 6.6% year over year as of the first quarter of 2024. Home prices in the United States have been steadily increasing, with the median sale price now 4.

10 Best Housing Markets for Military and Veterans: Realtor

Realtor analyzed the homeownership rate among military households and the number of home sales financed by VA loans to determine the best housing markets for military households.

US Still Struggling With Housing Shortage Despite Adding 1.4M Units in 2022: Report

The country was short 4.5 million homes in 2022, with the worst deficit seen in New York. Housing construction in 2022 added more than a million units to the market, but despite the record increase, the country continues to struggle with a lack of homes.

US Lacks Enough Affordable Homes for Low-Income Households: Study

A study found that nearly all metropolitan areas have shortages of affordable rental units. The current market's elevated prices has been blamed on a housing shortage, but a new study showed the country has ample homes in the market but lacks enough affordable units for lower income Americans.

9 US Cities Listed as the Most Affordable Housing Markets in the World: Report

A recent study analyzed the median home price and median household data in 94 major metropolitan areas in the world to determine which housing markets are most affordable.

5 Cities in the US Are Now Considered Some of the Most Unaffordable Housing Markets in the World: Report

The report analyzed 94 metropolitan areas in eight countries to determine the cities with the most unaffordable housing markets.

US Home Sellers Are Now Struggling To Find Buyers Amid Elevated Mortgage Rates

At least 61.9% of homes on the market in May failed to go under contract for at least a month. Home sellers in the United States are now struggling to find buyers as mortgage rates remain elevated.

Will the Housing Market Crash? Here’s What Experts Say

The housing market is currently struggling with elevated home prices and mortgage rates. With home prices and mortgage rates remaining elevated, many hopeful homebuyers could be hoping for a housing market crash, but some experts say that will unlikely happen soon.

Here’s What Experts Predict the US Housing Market Would Look Like in the Second Half of 2024

The housing market has been challenging over the past months, and more homes are likely to come on the market, an expert predicted.

Here Are 5 Cities Where Homes Are Least Affordable: Report

The index analyzed national data across the 100 most populous cities in the US to create the list of the least affordable housing markets.

15 US Cities Where Home Prices Are Declining: Report

In some cities, home prices fell by 14% from the last quarter of 2023. At least 15 cities in the United States are now seeing home prices decline even as the values of houses soared in 93% of the country's metro areas.

Will the US See Another Housing Bubble Amid Soaring Home Prices?

The median sale price of a home in the U.S. is no $420,401, marking a 4.8% increase from last year. Home prices are soaring across the United States despite elevated mortgage rates, leading to concerns of a potential housing bubble.

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 Sellers in San Francisco Are Losing Over $155,000 on Their Sale: Report

That number is at least four time the national median loss of $39,912. Nearly one in five (17. 8%) of homes that were sold in San Francisco during the three months ending February 29 were sold at a loss of at least $155,500, according to a recent report.

Housing Market Short of 7.2M Homes, Closing the Gap Could Take 5 Years

The gap in the housing market grew from 6.5 million at the end of 2022 to 7.2 million at the end of 2023.

US Home Listings Post Biggest Increase in Nearly 3 Years; Inventory Hits High Not Seen Since 2020: Report

The number of listings of homes for sale rose 13% in the four weeks ending February 25. The spring housing market is looking quite promising as new listings rose by more than 10% year-over-year, and the inventory saw significant improvement.

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.

Aspiring Homebuyers Need To Earn 80% More To Afford a House in the Current Market: Study

Homebuyers today would need to earn $47,000 more than they did pre-pandemic to afford a house. Americans hoping to purchase a home need to make 80% more than they did before the COVID-19 pandemic to comfortably afford a house in the current market, new research found.

Housing Market Forecast: Here’s What Homebuyers Can Expect Once Mortgage Rates Drop

Mortgage rates are forecasted to hover around the 6.8% range before dropping to 6.5% by the end of 2024.

EDITOR'S PICKS

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  Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires

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  Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'

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  How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires

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  What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?