Tagged: Home Prices

Half of all states have at least one city with a typical starter home worth $1 million or more.

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.

Deals are falling through as buyers grow selective and the reality of high housing costs hits home.

Single-family home prices saw a year-over-year increase of 6.9% in Q2 2024, per Fannie's latest Home Price Index.

Total number of homes increased 23% from last year, up 4% from May to June

New home buyers shopping in virtually nonexistent price tier

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

However, this is the first July since 2020 that the typical home sold below asking price.

Early-stage origination data show homebuying continues to stagnate, even as prices fall.

Year-over-year increases show the housing market continues to slowly shift in favor of buyers.