A new Zillow report shows today’s homebuyers need to earn more than $106,000 a year to afford a typical U.S. home—up $47,000 or 80% from January 2020. The median household income has grown only 23% during that time.
CoreLogic released its Home Price Insights report for February 2024 with HPI data through December 2023 and HPI forecasts through December 2024. For the first time since late 2022, no states reported year-over-year home price declines in December 2023.
Zillow released a new report showing over 20% of homeowners are now considering selling their homes within three years, largely due to the drop in mortgage rates and overall (though slight) improvement in housing affordability.
Redfin’s latest report shows a drop in homebuyer migration to different metro areas as remote work options decrease and home prices go up in popular migration destinations. This time, Spokane, WA, made the top 10 list of metros with the highest net inflow.
S&P Dow Jones Indices (S&P DJI) unveiled the latest findings from the S&P CoreLogic Case-Shiller Indices, offering a comprehensive snapshot of U.S. home prices for October 2023.
Goldman Sachs released updated housing and economic forecasts for 2024 through 2027, revealing bearish predictions on home sale transactions over the next four years, along with bullish predictions on home prices.
A new LendingTree survey of over 2,000 U.S. consumers shows 44% of Americans believe the housing market could crash in the next year. Another 31% are unsure.
What’s more surprising (or not) is that 35% overall are hoping for a crash.
Ryan Serhant shares his eight predictions for the housing market in 2024.
The Black Knight Mortgage Monitor for November 2023 shows rising mortgage rates and home prices have increased the principal and interest payment (P&I) for a median-priced home to more than $2,500 for the first time.
According to a new Redfin report, homebuyers in September paid all cash in just over one-third (34.1%) of U.S. home sale transitions—up from 29.5% one year ago and the highest share in almost a decade.
A new Redfin report shows nearly a third of all U.S. homes for sale (30.6%) are newly built, marking the highest share of any third quarter on record.
A new report from Redfin highlights the ten fastest housing markets in the U.S., led by Albany, NY, where the typical home went under contract in just eight days. A typical home in Austin, TX is taking almost two months to go under contract.
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