U.S. Housing Market Updates
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Report: 1 in 4 Homes Exposed to Acute Climate Risks
“Climate risks are no longer a distant threat for U.S. housing—they are a present reality that put a large chunk of US real estate value at risk,” said Danielle Hale, chief economist at Realtor.com. Continue Reading Report: 1 in 4 Homes Exposed to Acute Climate Risks
Report: ‘Normal’ Housing Costs Possible by 2030
“The path back to normal housing costs doesn’t require a crash in home prices—stability may be enough,” said Redfin’s Asas Khan. Continue Reading Report: ‘Normal’ Housing Costs Possible by 2030
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Existing Home Sales Up in May
The median existing home price for May was $422,800, up 1.3% from the $417,200 price set one year earlier. Continue Reading Existing Home Sales Up in May
Hits and Misses for the Real Estate Week of June 16-20
Another sports team eyeing public funds for a new stadium, property tax relief comes to Texas, and a social media influencer who gave very bad advice. Continue Reading Hits and Misses for the Real Estate Week of June 16-20
Pennsylvania’s Rising Home Sales Benefit from Increased Listings
The median sales price also climbed to $305,000 in May, up by 3% from the prior month and up 6% from one year earlier. Continue Reading Pennsylvania’s Rising Home Sales Benefit from Increased Listings
Housing Inventory Up for Third Straight Month
Compared to January 2023, the typical home spent four less days on the market. Continue Reading Housing Inventory Up for Third Straight Month
Home Equity Levels Down Slightly During Q4
The share of mortgaged homes that were seriously underwater was 2.6%, inching up slightly from 2.5% in the third quarter. Continue Reading Home Equity Levels Down Slightly During Q4
Luxury Home Prices Hit Record Peak
Sales of luxury homes dropped 1.7% year-over-year in the fourth quarter, the smallest decline since the middle of 2021. Continue Reading Luxury Home Prices Hit Record Peak
NAR Rolls Out Latest Version of Consumer Marketing Campaign
The campaign’s focus is supplemented by the fourth season of NAR’s docuseries “First-Time Buyer.” Continue Reading NAR Rolls Out Latest Version of Consumer Marketing Campaign
Mortgage Application Activity Declines by 7.2%
“Low existing housing supply is limiting options for prospective buyers,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Declines by 7.2%
Outbound Migration from the Bay Area Down 13% Year-Over-Year
The median sale price for San Francisco is nearly $1.3 million, an admittedly hefty sum but also the lowest level since early 2019 Continue Reading Outbound Migration from the Bay Area Down 13% Year-Over-Year
Zillow: Travis Kelce is the Football Player Most Americans Want as a Neighbor
Most Americans cited Snoop Dogg as the halftime performer they most wanted living next door. Continue Reading Zillow: Travis Kelce is the Football Player Most Americans Want as a Neighbor
S&P Case-Shiller: Home Prices Up, But Deceleration is Taking Root
Detroit accelerated with an 8.2% year-over-year gain. Continue Reading S&P Case-Shiller: Home Prices Up, But Deceleration is Taking Root
Construction Begins on $76 Million Apartment Development in Georgia
The new development covers 22 acres and will encompass 300 units spread across eight three-story buildings. Continue Reading Construction Begins on $76 Million Apartment Development in Georgia
Sena Kwawu Joins Leadership Team at Cinch Home Services
Before joining the company, Kwawu was senior vice president of operations at Frontdoor Inc. Continue Reading Sena Kwawu Joins Leadership Team at Cinch Home Services
