CoreLogic: July Prices up 6.2 Percent

Home prices are still on a tear, but growing less significantly than in 2017, according to CoreLogic’s latest Home Price Index (HPI™) report. In July—around the height of one of history’s hottest housing markets—prices rose 6.2 percent year-over-year, the report shows. “With increased interest rates and home prices, the CoreLogic Home Price Index is rising […]

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Case-Shiller: Home Prices Continue Upward Trend

U.S. home prices continue to surge according to the latest S&P CoreLogic/Case-Shiller Indices, which found June prices on an upward trend (at 6.2 percent year-over-year), inciting affordability concerns. “Home prices continue to rise across the U.S.” said David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. “However, even […]

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The Headline-Making Markets Are Softening

In the expansion following the recession, the conversation in housing has lingered on markets like Denver, Portland and Seattle—places where prices have risen sharply, and demand is discouragingly mismatched with supply. Now, the hottest markets’ prices are slowing, according to recently released research. The July Zillow® Real Estate Market Report—based on the Zillow Home Value […]

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Is the Housing Market Normalizing? One Sign the Tide’s Turning

With demand strong and supply weak, the housing market is overwhelmingly partial to sellers. The average homeowner is profiting $40,000 at resale (with decade-high returns in 2017), and higher in the hottest markets, where they’re attracting multiple offers in record time. Now, there’s an early indicator that the market may shift. At the start of […]

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Case-Shiller: Housing Market Pressured by Prices

Affordability is beginning to drag on housing, and there is little price relief in sight, according to the latest S&P CoreLogic/Case-Shiller Indices, which found May prices rising steadily, at 6.4 percent year-over-year. “Not only are prices rising consistently; they are doing so across the country,” says David M. Blitzer, chairman and managing director of the […]

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Down, but Not Out: Buyers See Some Success

Against discouragingly inadequate inventory and high prices, buyers are finding a way, according to a new survey. Fifty-one percent of homebuyers did not pay above asking price, despite concerns over multiple-offer scenarios, 42 percent made one or two offers, at most, and 34 percent were “unfazed” by the increases in prices and rates, according to […]

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Demand Expands to Hot Inland Markets

California’s domination as the hottest housing state is weakening, as other affordable markets trend up, according to the latest ranking by realtor.com®. California dipped out of the top five markets for the first time in six years, with the Bay Area finishing at No. 6. Close to half of the top 20 markets in the […]

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Millennial Buyers Face a Tough Housing Market

(TNS)—Yvonne Jimenez Smith and her husband, Brandon Smith, spoke in whispers recently as they visited a white stucco house they planned to buy on a leafy street in San Jose, Calif. After six months of aggressive hunting, they were on their way to a small suburban home of their own after spending most of their […]

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Realtor.com: Days on Market and Prices at Records

Amid nationwide shortages in supply, homebuyers in June had more options, but their choices were fast-moving and pricey, according to data from realtor.com®. The average home was listed for a median $299,000 and sold in 54 days—both new realtor.com records. On an annual basis, inventory in June sunk 4 percent, which is a departure from […]

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The government needs to do more to make housing attainable: report

According to the 30th anniversary of the State of the Nation’s Housing by the Joint Center for Housing Studies at Harvard University, even though more than 40 million units have been built over the past three decades, high mortgage rates — which are predicted to climb to more than 5 percent by year’s end — are still causing severe housing woes.