Tag Archives: Home Prices

Existing-home sales fell in June, as all four regions recorded year-over-year sales declines, according to NAR, with the South and West posting the largest decreases.

While nationwide home prices and average costs of living continue to rise, a new case study from Black Knight highlights servicer success using self-service loss mitigation technology to connect with and engage borrowers in times of financial distress.

Due to the increased cost of living and evolving work trends, Americans are now moving to smaller cities with lower median home values, according to a new report from Gravy Analytics.

While both listed and closed prices experienced positive year-over-year growth in June, experts predict that market activity will remain at relatively low levels heading into Q3 2023, with the Federal Reserve continuing to increase rates at a slow pace.

Consumer confidence in the housing market may have plateaued, according to Fannie Mae's Home Purchase Sentiment Index (HPSI), which remained mostly flat in June, as shrinking supply and affordability conditions continue to pose challenges.

According to a new study from Home Bay, it is cheaper to rent than purchase a home in 45 of the 50 most populous U.S. cities, with San Jose, California, ranked the most expensive city for buying a home, whereas Pittsburgh was named the most affordable.

Midwestern and Eastern regions of the nation boasting thriving economies and diverse industries are luring in more individuals and families looking to establish roots, according to Veros’ analysis of Q2 homebuyers.

As the total number of homes for sale declined 11% from a year earlier, a new report from Redfin revealed the typical U.S. home is now selling for an estimated $4,000 less than last year’s all-time high, while new listings fell nearly 30% from 2022.

With nearly 26% fewer homes newly listed for sale compared to last year, active inventory slowed for the fourth month in a row, according to the Realtor.com Monthly Housing Trends Report for June.

According to a new study from My Perfect Mortgage, Detroit and Cleveland are among the top cities for single-family rental cash flow, while eight out of 10 of the worst are located in pricey California metros.