Tag Archives: home prices

US home prices rise 0.2% in July, slowest growth since January 2023

By | | Uncategorized
Comments Off on US home prices rise 0.2% in July, slowest growth since January 2023

The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday. Continue reading →

Rescuing the American Dream through smart tax incentives

By | | Uncategorized
Comments Off on Rescuing the American Dream through smart tax incentives

Industry veteran Alex Perriello says that to fix the affordability problem in America, agents need to get involved, and smart tax incentives need to be offered. Continue reading →

Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling

By | | Uncategorized
Comments Off on Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling

San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2 million in 2Q for the first time since the National Association of Realtors began tracking home prices in 1979. Continue reading →

Most Americans weren’t expecting the big drop in mortgage rates

By | | Uncategorized
Comments Off on Most Americans weren’t expecting the big drop in mortgage rates

Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn’t think mortgage rates would come down. Continue reading →

How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

By | | Uncategorized
Comments Off on How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported. Continue reading →

How agents can bridge the ‘haves and have nots’ housing market

By | | Uncategorized
Comments Off on How agents can bridge the ‘haves and have nots’ housing market

HAPPENING NOW! At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. JOIN US VIRTUALLY. Continued economic growth in th… Continue reading →

Swing state housing costs have skyrocketed since 2020 election

By | | Uncategorized
Comments Off on Swing state housing costs have skyrocketed since 2020 election

Housing affordability will remain an issue at the forefront of the upcoming presidential election, where swing states will determine the next president and the future of housing costs. Continue reading →

Mortgage ‘knowledge gaps’ may be thwarting would-be homebuyers

By | | Uncategorized
Comments Off on Mortgage ‘knowledge gaps’ may be thwarting would-be homebuyers

3 in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study. Continue reading →

Weak demand drives up share of homesellers cutting prices

By | | Uncategorized
Comments Off on Weak demand drives up share of homesellers cutting prices

The typical home sold for 0.3 percent less than the original asking price in the past month, according to a new report from Redfin. Continue reading →