National Association of Realtors records highest median home price in a single metro area since 1979
Tagged: home price appreciation
As luxury home inventory lags, their value continues to climb
Cooling demand in May and June put downward pressure on price gains
Existing homes sold in June at a rate only 40,000 units above that experienced in October 2023 — when mortgage rates kissed 8% — and 1.5 million units lower than June 2019.
Single-family home prices saw a year-over-year increase of 6.9% in Q2 2024, per Fannie's latest Home Price Index.
Year-over-year increases show the housing market continues to slowly shift in favor of buyers.
Latest CoreLogic report shows price appreciation decelerated to 4.9% annually in May
A growing body of data show that market dynamics are shifting in buyers' favor.
Case-Shiller and FHFA analytics point to price gains slowing
Homeowners with mortgages, which account for roughly 63% of all properties, collectively gained $1.5 trillion in equity since the first quarter of 2023, an average increase of $28,000 per borrower.