First American Financial Corporation

First American also reported house prices nationally are now 55% higher compared to pre-pandemic levels, while Redfin reported a 0.2% uptick in home prices.

Renting was cheaper in 48 of the top-50 markets in Q2 2024, but only 29 states when accounting for home equity gains

Unemployment rate at historic low

Increases in income, inventory not enough to offset price, rate increases

Newest data could help incentivize rate cuts later this year

House prices nationally are now 54.7% higher compared to pre-pandemic levels.