Housing Market

Published by REALTOR.com | July 16, 2024 The combination of high list prices and elevated mortgage rates means owning a home now costs nearly twice as much as it used to. Scraping together enough money to buy a home can seem like a fruitless endeavor, especially in today’s housing market dominated by high mortgage rates …

The Salary Needed To Afford a Home Has More Than Doubled Since Before the Pandemic Read More »

Published by REALTOR.com | June 29, 2024 Housing experts have been speculating that the laws of supply and demand may be finally catching up to market conditions. Some are forecasting a correction, or even a crash. It’s been about two years since mortgage rates hiked up, slamming the brakes on what had been a historically …

Is a Housing Correction or Crash Ahead? Read More »

Published by CNBC | June 14, 2024 More homeowners are listing their homes for sale. But properties are taking longer to sell as potential buyers face high prices and interest rates. Here’s what that means for homebuyers and sellers. New listings from home sellers jumped in May, up 13% from a year ago, according to …

Competition In The Housing Market Is Cooling Off Read More »

Published by REALTOR.com | June 5, 2024 The latest monthly housing report from Realtor.com® reveals that the typical listed price per square foot grew by a whopping 52.7% from May 2019 to May 2024. A home’s price per square foot is a somewhat overlooked real estate feature. When shopping for a house, buyers are usually …

The Price Per Square Foot of an Average U.S. Home Has Jumped More Than 50% Since 2019 Read More »

Published by FOX Business | May 20, 2024 An overwhelming majority of homes in the U.S. are overvalued as steep mortgage rates and an ongoing housing shortage push the price of real estate even higher. A new report published by Fitch Ratings found that homes were overvalued by 11.1% at the end of 2023, a …

Homes Overvalued Across U.S., Worst in These 5 States Read More »