'Affordable housing havens' are skyrocketing in the US
2 months ago

'Affordable housing havens' are skyrocketing in the US

Daily Mail  

The price of homes in former 'affordable housing havens' are skyrocketing, according to new data from Redfin. In Cleveland, Ohio, home sale prices rose 15 percent in the year to December 2024 - the most of any of the 50 biggest US cities. 'Places that have long been known as affordable places to live, like Cleveland and Milwaukee, are now seeing double-digit price increases - and that's after home prices skyrocketed during the pandemic,' said Redfin senior economist Elijah de la Campa. 'Affordable housing havens have become harder and harder to come by; even places that saw some price relief last year, like Texas and Florida, are now seeing prices tick back up.' At the other end of the spectrum, home prices rose just 0.5 percent in the year to December in Tampa, Florida.

Florida Miami Prices Texas Price Chicago Philadelphia Milwaukee Cleveland Mortgage Rates Affordable Home Prices Redfin Rose 15  affordable  skyrocketing  mortgage  50  redfin  rose  15  price  prices  homes  florida  havens  housing  cleveland

History of this topic

REVEALED: The top US city that's slashing home prices by THOUSANDS
5 months ago

REVEALED: The top US city that's slashing home prices by THOUSANDS

Daily Mail  

Future homeowners looking to live in the western part of the U.S. should put Phoenix, Arizona at the top of their list. While the city stays hot thanks to desert heat, house prices are finally cooling, with 25 percent of property listings in the city seeing price reductions. Future homeowners looking to live in the western part of the U.S. …

The 10 housing markets which are set to become affordable as mortgage rates drop
7 months ago

The 10 housing markets which are set to become affordable as mortgage rates drop

Daily Mail  

Mortgage rates are on the decline, which could mean some housing markets are set to become much more affordable. The biggest winner would be Lakeland, Florida, which would see the biggest increase in affordable listings if mortgage rates fell, Realtor.com found. The biggest winner would be Lakeland, Florida, which would see the biggest increase in affordable listings if mortgage rates …

Home prices are falling in these 4 former boomtowns
9 months, 2 weeks ago

Home prices are falling in these 4 former boomtowns

Daily Mail  

Home prices are falling in four former hotspots - as near-record housing costs push homebuyers away. Home prices in San Antonio and Fort Worth have both fallen 1.2 percent, according to the data, while sale prices in Portland, Oregon, are down 0.9 percent. Nationwide, price drops are at their highest since November 2022, according to Redfin, which suggests other areas …

The cities where house prices are set to DROP - and most are in the south
9 months, 3 weeks ago

The cities where house prices are set to DROP - and most are in the south

Daily Mail  

A new analysis predicts declining prices in five metropolitan areas in the U.S. Sky-high house prices are anticipated to drop in several metropolitan areas across the southern United States. Despite skyrocketing home prices in cities like Miami and West Palm beach, two metros in the Sunshine State are expected to see a drop: the Palm Bay-Melbourne-Titusville region and the Deltona-Daytona …

Rural areas ‘have seen strongest house price growth over last five years’
10 months ago

Rural areas ‘have seen strongest house price growth over last five years’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Andrew Harvey, …

Average homes near $1M in Boston as US housing crisis deepens
10 months ago

Average homes near $1M in Boston as US housing crisis deepens

Daily Mail  

House prices are only going to go up, experts have warned, with Boston set to be the next city where buyers will need $1 million for an average family home. A perfect storm of spiraling construction costs, desperate buyers, and existing owners sitting tight in their homes has seen house prices double in 68 of America's 100 largest cities in …

Motor City roars back: House prices in Detroit are rising faster than anywhere else (but you can still get a 9-bed mansion for $125K!) - where else are prices spiking?
1 year, 2 months ago

Motor City roars back: House prices in Detroit are rising faster than anywhere else (but you can still get a 9-bed mansion for $125K!) - where else are prices spiking?

Daily Mail  

During the mortgage crisis, residents deserted the Motor City in their millions Detroit has dethroned Miami as the US metro with the fastest rising home prices for the first time. Home prices in the Motor City increased 8.7 percent in the year to November 2023, surpassing Miami's 8.3 percent growth, says a new report from CoreLogic. Detroit has dethroned Miami …

Housing affordability hits 39-year low as soaring mortgage rates fail to pour cold water on demand - but here are the cities where sellers are SLASHING asking prices
1 year, 4 months ago

Housing affordability hits 39-year low as soaring mortgage rates fail to pour cold water on demand - but here are the cities where sellers are SLASHING asking prices

Daily Mail  

Housing affordability has hit its lowest level since 1984 as prices remain high despite soaring interest rates. Median monthly mortgage payments rose $144 in October to more than $2,500 for the first time, according to the November 2023 ICE Mortgage Monitor Report. The average 30-year fixed-rate mortgage deal dropped slightly to 7.76 percent in the week ending November 2, according …

US home prices rose in August for the seventh straight month
1 year, 4 months ago

US home prices rose in August for the seventh straight month

CNN  

Washington, DC CNN — US home prices continued to rise in August, hitting a new record high and marking the seventh consecutive month of increases. Prices rose 0.9% in August from the month before, according to seasonally adjusted data from the S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday. Compared to a year ago, the national composite index …

May home sales rise with near record-few on the market and biggest annual price drop since 2011
1 year, 9 months ago

May home sales rise with near record-few on the market and biggest annual price drop since 2011

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market. Existing home sales rose 0.2% last month from April to a seasonally adjusted annual rate of 4.3 million, …

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years
1 year, 10 months ago

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years

Associated Press  

LOS ANGELES — A persistently low inventory of homes on the market held back U.S. home sales again in April, even as the national median sale price posted its biggest annual drop in 11 years. Existing home sales fell 3.4% in April from March to a seasonally adjusted annual rate of 4.28 million, the National Association of Realtors said Thursday. …

Share of affordable homes supply across 7 cities slips to 20% from 40% in 2018
2 years ago

Share of affordable homes supply across 7 cities slips to 20% from 40% in 2018

Hindustan Times  

The share of affordable homes -- costing below ₹40 lakh each -- in the total fresh housing supply across seven major cities dipped to 20 per cent last year from 40 per cent in 2018, according to Anarock data. The share of the supply of affordable housing in 2019 remained at 40 per cent in the total new launches of …

Home sellers in pandemic boom towns are slashing prices
2 years, 7 months ago

Home sellers in pandemic boom towns are slashing prices

Daily Mail  

Cities that saw soaring home prices during the COVID-19 pandemic are now falling back to earth, as sellers are forced to shed their 'unrealistic expectations' about the prices they can ask. The 10 cities that saw the biggest share of listing price reductions last month are seen above A housing development is seen in Boise, where last month 70% of …

Home prices slow dramatically on the West Coast
2 years, 8 months ago

Home prices slow dramatically on the West Coast

Daily Mail  

Major West Coast cities are seeing the slowest growth in home prices as mortgage rates rise, while growth remains strongest in Tampa, Miami and Dallas. Tuesday's report from S&P CoreLogic Case-Shiller showed that national home prices increased 19.7 percent in May from a year ago, after surging 20.6 percent in April. Though demand from homebuyers has plunged as rising mortgage …

Prime property prices in urban locations ‘rising faster than in rural areas’
2 years, 8 months ago

Prime property prices in urban locations ‘rising faster than in rural areas’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It said that following the “race for space” seen …

American homebuyers are flocking to warm suburbs
2 years, 10 months ago

American homebuyers are flocking to warm suburbs

The Economist  

Graphic detail Where the lawns are greener How the pandemic has changed American homebuyers’ preferences They are flocking to warm suburbs Apr 30th 2022 To detect these patterns, we used a monthly home-price index from Zillow, a website, for 2,563 of America’s 3,006 counties since 2018. In the 100 counties with the highest official death rates from covid, price changes …

Is the housing market finally improving for buyers after the pandemic rush?
3 years, 7 months ago

Is the housing market finally improving for buyers after the pandemic rush?

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The median …

US home prices surge 17% in May, fastest in 17 years
3 years, 8 months ago

US home prices surge 17% in May, fastest in 17 years

Associated Press  

WASHINGTON — Prices for U.S. homes rose faster in May than they have in 17 years as surging demand for housing outstripped the supply. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, soared 17% in May from a year earlier on top of a 15% jump in April. The supply of houses for sale has been limited, partly …

US home prices jump at fastest pace in more than 15 years
3 years, 8 months ago

US home prices jump at fastest pace in more than 15 years

Associated Press  

WASHINGTON — U.S. home prices soared in April at the fastest pace since 2005 as potential buyers bid up prices on a limited supply of available properties. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, jumped nearly 15% in April from the previous year. “The forces that have propelled home price growth to new highs over the past …

Housing prices shoot up a record 15% with fewer homes on the market
3 years, 11 months ago

Housing prices shoot up a record 15% with fewer homes on the market

NL Times  

The average sale price of homes rose to 385,000 euros in the first quarter of 2021, an increase of 15% compared to the first quarter of 2020. The price of a newly-built homes also jumped to an average of 433,000 euros in the first quarter of 2021, compared to 400,000 euros reported last year. Halfway through the first quarter of …

US home prices soared in January by most in seven years
3 years, 11 months ago

US home prices soared in January by most in seven years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. home prices increased at …

US existing home sales, median price rose in January
4 years, 1 month ago

US existing home sales, median price rose in January

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sales of previously occupied U.S. …

Home prices went up all over the country
4 years, 1 month ago

Home prices went up all over the country

CNN  

Home prices went up in all major metropolitan areas in the US at the end of last year. Existing home prices rose in all 183 metropolitan statistical areas tracked in the fourth quarter of last year, according to the National Association of Realtors. “The fourth quarter of 2020 presented circumstances ripe for home price increases,” said Lawrence Yun, NAR chief …

Home prices rise at fastest pace in more than 6 years
4 years, 2 months ago

Home prices rise at fastest pace in more than 6 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. home prices jumped in …

US home prices rise at fastest pace in more than 6 years
4 years, 2 months ago

US home prices rise at fastest pace in more than 6 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. home prices jumped in …

Looking to buy a home? It’ll cost you a lot more than a year ago
4 years, 5 months ago

Looking to buy a home? It’ll cost you a lot more than a year ago

CNN  

Home sales were up again in September with prices at a record high and inventory at a record low for the month. “Home prices are rising too fast from insufficient supply and rising demand,” said Lawrence Yun, NAR’s chief economist. “Typical seasonal patterns for home sales have likely been thrown off as a result of this crisis,” said Mike Fratantoni, …

American home prices rise in 81 per cent of cities as markets recover
12 years, 4 months ago

American home prices rise in 81 per cent of cities as markets recover

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The median sales price increased in the third …

Property price in major cities rises slower
16 years, 5 months ago

Property price in major cities rises slower

China Daily  

Property price in major cities rises slower Updated: 2008-10-22 14:27 China saw average properties price in 70 major cities up 3.5 percent year-on-year but down 0.1 percent month-on-month in September, according to data released Wednesday by National Development and Reform Commission and National Bureau of Statistics. Last month, housing for low-income earners in the major cities was priced 1.3 percent …

Falling Home Prices Tempt Bargain Hunters
18 years, 5 months ago

Falling Home Prices Tempt Bargain Hunters

NPR  

Falling Home Prices Tempt Bargain Hunters toggle caption Getty Images Enlarge this image toggle caption NPR NPR WHERE WILL PRICES FALL? Here's a look at several cities with falling prices ahead, along with when they can expect the housing market to bottom out, according to the report: ARIZONA TUCSON Peak Price: 1st Quarter 2006 Trough Price: 2nd Quarter 2008 Projected …

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