Tag Archives: home prices

Wary sellers back off asking prices in June housing slowdown

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The typical asking price for a home on the market took a modest downward turn in late May and early June, a sign of a softening market. Continue reading →

Making $67K? That’s no longer enough to buy the typical US home

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The second quarter of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least two decades. Continue reading →

Homebuyers are beginning to seek smaller mortgages as rates rise

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As demand picks up for government loans favored by entry-level buyers, the average purchase mortgage request has shrunk by 10 percent, to $413,500. Continue reading →

Why your next CMA will probably flop

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As the market shifts, relying on data that is 60 to 120 days old just won’t cut it. Coach Bernice Ross offers tech tools to help you create more timely and accurate CMAs. Continue reading →

When exactly was the turning point for home price growth?

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At the year’s outset, housing experts wondered when the market’s rapid price growth might begin to slow. New data from S&P CoreLogic Case-Shiller Home Price Index provides fresh clues. Continue reading →

Home affordability hits 15-year low, passing ‘inflection point’ for buyers

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An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow. Continue reading →

What does it mean when even the wealthiest step back from buying?

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Luxury deals are down 18 percent year over year, and buyers are more cautious than they’ve been in years, a sign the market is continuing to normalize, according to agents and a new Redfin report. Continue reading →

What are the odds of a housing bubble? 114 experts weigh in

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More than 100 housing experts surveyed by Zillow generally agreed that housing prices won’t face a big downturn. But a mild recession may be in play later this year or in 2023, they believe. Continue reading →

Is it a housing bubble? Nearly 68% of housing markets are overvalued

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Data from analytics firm CoreLogic shows 67.9 percent of U.S. regional housing markets were overvalued as of the latest available data from March, meaning incomes in those markets can no longer support home prices. Continue reading →