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Q3 Equity Gains Down by More Than 5%

Q3 Equity Gains Down by More Than 5%

by Phil Hall | Dec 6, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

US homeowners with mortgages – which account for roughly 62% of all properties – saw home equity increase by $425 billion during the third quarter, an uptick of 2.5% year-over-year, according to new data from CoreLogic. By the end of the third quarter, total net...
Report: Total US Home Value at $49.6 Trillion Record High

Report: Total US Home Value at $49.6 Trillion Record High

by Phil Hall | Aug 8, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total value of US homes gained $3.1 trillion during the past 12 months, a 6.6% year-over-year spike that resulted in a new record high of $49.6 trillion, according to a data report from Redfin (NASDAQ:RDFN). On a decade-over-decade measurement, the total value of...
Zillow: Price Cuts on One-in-Four Listings in June

Zillow: Price Cuts on One-in-Four Listings in June

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-quarter of listings (24.5%) received a price cut during June, according to new data from Zillow (NASDAQ:Z, ZG). Last month’s share marked the highest rate at this time of year since Zillow began tracking this data in 2018. Zillow also noted that home value...
US Housing Market Gained $2 Trillion in Value in 2023

US Housing Market Gained $2 Trillion in Value in 2023

by Phil Hall | Feb 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to new data from Redfin (NASDAQ:RDFN). The average U.S. was valued at $495,183 as of December, up from $474,740 a year earlier. In percentage terms,...
Home Values in 0.1% Decline During September

Home Values in 0.1% Decline During September

by Phil Hall | Oct 12, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home values took a miniscule – but still unexpected – decline of 0.1% from August into September, according to new data from Zillow Group (NASDAQ:Z. ZG). Nonetheless, the typical home value is currently $350,091, up roughly 2% year-over-year, while 31 of the 50...
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