Home sweet home: US house prices see biggest gain in seven years
3 years, 9 months ago

Home sweet home: US house prices see biggest gain in seven years

Al Jazeera  

Prices rose in all 20 United States cities tracked, and the 12-month increase was larger for all cities in January than in the previous month. United States home prices increased at the fastest pace in seven years in January as the coronavirus pandemic has fuelled demand for single-family houses even as the supply for such homes shrinks. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 11.1 percent in January from a year earlier. “January’s data remain consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes,” said Craig Lazzara, managing director and global head of Index Investment Strategy at S&P DJI. The biggest price gain was in Phoenix, Arizona, where home prices jumped 15.8 percent, followed by Seattle, Washington, with a 14.3 percent gain, and San Diego, California, at 14.2 percent.

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History of this topic

REVEALED: The top US city that's slashing home prices by THOUSANDS
2 months, 2 weeks 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. …

Nearly 1 in 10 homes in the US are worth $1 million or more — a record high
4 months, 3 weeks ago

Nearly 1 in 10 homes in the US are worth $1 million or more — a record high

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

House prices rose in January and are anticipated to keep going up if rates come down
11 months, 1 week ago

House prices rose in January and are anticipated to keep going up if rates come down

ABC  

House prices are on track to continue rising across the country, propelled by renters and migrants wanting to buy their own homes and buyers trying to get in ahead of interest rate cuts expected later this year. Data from CoreLogic shows that house prices rose nationally, up 0.4 per cent in the month of January, and 8.7 per cent across …

The median home listed in Los Angeles will soon cost more than $1 million — up 30% in 5 years
1 year, 5 months ago

The median home listed in Los Angeles will soon cost more than $1 million — up 30% in 5 years

LA Times  

A for sale sign is displayed in front of a new townhouse in Los Angeles. The already dizzying Los Angeles housing market is poised to reach new heights, as the latest data from Zillow suggest that the median home listed in the city will soon cost more than $1 million. “Rents and home prices are typically going to move in …

Here’s why home prices stayed high in May
1 year, 5 months ago

Here’s why home prices stayed high in May

CNN  

Washington, DC CNN — Home prices remained high in May, dropping slightly from a year before when prices were near record highs and notching a monthly gain from April, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday. “This month’s index data tracks prices for March, April and May, a period during which mortgage rates …

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years
1 year, 7 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. …

US home sales fell in July; some buyers see silver lining
2 years, 4 months ago

US home sales fell in July; some buyers see silver lining

Associated Press  

LOS ANGELES — The housing market’s comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month. Still, it is a notable reversal after a housing shortage, rock-bottom mortgage rates and soaring home prices skewed the housing market strongly in sellers’ favor in recent years. “We know that homes are …

More evidence that house price rises are slowing after January peak
2 years, 8 months ago

More evidence that house price rises are slowing after January peak

Dutch News  

There is more evidence that the rise in house prices is slowing, with the increase recorded in March down for the second month in a row. House prices for existing buildings were up 19.5% year on year in March, compared with 20.2% in February and 21% in January, when they reached a peak. Cooling breeze Earlier this month real estate …

More evidence that house price rises are slowing after January peak
2 years, 8 months ago

More evidence that house price rises are slowing after January peak

Dutch News  

There is more evidence that the rise in house prices is slowing, with the increase recorded in March down for the second month in a row. House prices for existing buildings were up 19.5% year on year in March, compared with 20.2% in February and 21% in January, when they reached a peak. Cooling breeze Earlier this month real estate …

Home prices rose 19.2% in January from last year
2 years, 9 months ago

Home prices rose 19.2% in January from last year

CNN  

Home prices continued to surge higher in January. Prices rose 19.2% in January from the year before, up from an 18.9% annual increase in December, according to the S&P CoreLogic Case-Shiller US National Home Price Index. “Home price changes in January 2022 continued the strength we had observed for much of the prior year,” said Craig J. Lazzara, managing director …

Long-term renters pushed out of the housing market by record rent and house prices
3 years, 2 months ago

Long-term renters pushed out of the housing market by record rent and house prices

ABC  

Katie and her husband will never make any more money than they do now, but already their dream of owning a home is beyond reach. Key points: It hasn't been this expensive to rent in Australia since 2008 House prices are climbing twice as fast as rent, with the regions outpacing the cities Long-term renters say it's almost impossible to …

The 10 cities with the fastest-rising house prices in the US
3 years, 4 months ago

The 10 cities with the fastest-rising house prices in the US

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. Meridian, Idaho …

US home prices jump at fastest pace in more than 15 years
3 years, 6 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 …

In a sizzling US market, demand and prices for homes soar
3 years, 7 months ago

In a sizzling US market, demand and prices for homes soar

Associated Press  

WASHINGTON — America’s housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all U.S. houses are now selling above their list price. Two years ago, before the pandemic struck, just a quarter of homes were selling above the sellers’ asking price, according to data from the real estate …

US new home sales fell 5.9% in April after big March gain
3 years, 7 months ago

US new home sales fell 5.9% in April after big March gain

Associated Press  

WASHINGTON — Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on rising home prices. The report on new home sales follows a report last week that sales of existing homes fell for a third straight month in April, dropping 2.7% to a seasonally adjusted annual rate of 5.85 million units. “The …

Home prices just smashed another record
3 years, 7 months ago

Home prices just smashed another record

CNN  

Home prices in the US continued to climb in April, reaching new highs and rising at the fastest pace on record. “The insufficient level of inventory amidst fierce competition is putting upward pressure on home prices in most parts of the country.” Low inventory is limiting sales While more inventory came on the market in April compared to March, by …

US home prices rose 11.9% in February, fastest since 2014
3 years, 8 months ago

US home prices rose 11.9% in February, fastest since 2014

Associated Press  

WASHINGTON — U.S. home prices rose in February at the fastest pace in nearly seven years as strong demand for housing collided with a tight supply of homes on the market. The February S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 11.9% from a year earlier, the biggest gain since March 2014. The broader Case-Shiller national home price …

‘A feeding frenzy’: Southern California home prices up 15%
3 years, 8 months ago

‘A feeding frenzy’: Southern California home prices up 15%

LA Times  

Southern California home prices rose by double digits in March for the eighth straight month. Southern California home prices soared in March, rising by double digits for the eighth straight month as a pandemic-fueled housing boom continues to go strong. In Los Angeles County, the median price rose 17.2% to $750,000 in March, while sales climbed 33.9%. In Orange County, …

US existing home sales, median price rose in January
3 years, 10 months 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
3 years, 10 months 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 …

Looking to buy a home? It’ll cost you a lot more than a year ago
4 years, 2 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, …

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