Housing Market

The affordability of homes in the U.S. has hit its lowest point in 17 years, making it more challenging for average earners to own a home than at any time since 2007. What Happened: Data from Attom reveals that the costs of a typical home, including mortgage payments, property insurance, and taxes...

Most Americans are far from being able to afford the average house or apartment in 2024’s housing market. The Data: According to data sourced from Redfin, U.S. renters must earn $66,000 to afford a median-priced apartment. JUST IN: US renters now must earn over $66,000 a year to afford a...

Amid significant challenges facing the U.S. housing market, metrics released in June are not encouraging signs that the U.S. can get out of its current rut. What Happened: Data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development did not offer encouraging...

Residential house prices continued their upward trend, reaching new all-time highs in April 2024, yet the pace of growth has slowed, potentially suggesting early signs of normalization. The resilience of house prices was broad-based across the country, with all 20 of the largest U.S. metropolitan...

The median U.S. asking rental price saw an annual 0.8% increase in May to $1,653, marking the highest level since October 2022, sustaining an upward trend driven by robust demand and constrained supply. This is the second consecutive month of rent increases following nearly a year of declines,...

U.S. home prices surged to a new peak in March 2024, recording the highest annual growth rate in over a year. The S&P CoreLogic Case-Shiller 20-city home price index — a key gauge to track the home prices of typical single-family units in the U.S. — increased by 7.4% year-on-year, notching the...

Mortgage applications in the U.S. saw an increase of 1.9% for the week ending May 17, continuing an upward trend following a 0.5% rise the previous week. This marks the third consecutive week of growth in mortgage demand, according to data released Wednesday from the Mortgage Bankers Association (...

The housing market has seen highs and lows since 2020. According to Lance Lambert of ResiClub Analytics, these are the markets that are surging and the markets that are showing signs of fading in today’s housing market. The 10 Strongest Markets: San Jose, California saw the strongest month-...

The average home price is now 40% more expensive than at the beginning of 2020. That’s according to ResiClub, which outlines how the last four years outpaced the entire home appreciation of the 1990s and the 2010s: Housing prices grew by 30.1% in the 1990s; 47.3% in the 2000s; and 44.7% in...

The number of young homebuyers leaning on family financial support for down payments has sharply risen, doubling in the past five years, according to a recent report by Redfin. The survey, conducted by Qualtrics on behalf of Redfin, which included around 3,000 U.S. homeowners and renters, revealed...

On the heals of strong results by Toll Brothers Inc (NYSE:TOL) this week, rising sales of existing homes suggested additional good news for the U.S. housing market. Having been stuck in a slump in 2023 due to high mortgage rates, which peaked at 7.79% in October, the final quarter saw some...

Toll Brothers Inc (NYSE:TOL) shares jumped 5% on Wednesday after the company reported better-than-expected results, and offered a brighter outlook for homebuilders than recent data have suggested. Shareholders would also have been pleased to learn the company plans to announce cash returns through...

The number of homebuilding projects started in January plunged, hitting the lowest rate since August, with the Midwest region lagging the most. Data from the U.S. census bureau on Friday showed housing starts fell by 14.8% in January, rocked by a chunky 35.8% fall in projects started on multifamily...

U.S. consumer confidence in January continues to exceed even the most optimistic expectations among analysts, reaching its highest levels in two and a half years, a testament to the robust resilience of household demand. Meanwhile, existing home sales for December fell slightly below expectations,...

The principal barometer of U.S. home prices shows a significant uptick in the housing market, with home prices in major U.S. cities soaring at the fastest annual rate since November 2022. The latest S&P CoreLogic Case-Shiller Index covers all nine U.S. census divisions. The gauge reported a 4.8...