Articles for Home Values

California housing crisis so bad once-modest towns have become ‘million-dollar cities’
8 months, 1 week ago

California housing crisis so bad once-modest towns have become ‘million-dollar cities’

LA Times  

An aerial view of housing in Tustin on Friday. The city has joined California’s growing list of “million-dollar cities.” When you think of towns with $1-million-plus homes, places such as Beverly Hills, San Marino, Newport Beach and Palos Verdes Estates might come to mind. Tustin has joined California’s long list of “million-dollar cities.” Tor Black, 55, has lived in Tustin …

Housing Black Cities Values California List Orange County
The obscure Massachusetts town where it's pricier to live than big cities - and is home to America's most expensive real estate
9 months ago

The obscure Massachusetts town where it's pricier to live than big cities - and is home to America's most expensive real estate

Daily Mail  

An obscure town in Massachusetts holds the highest real estate values, outranking some of the biggest cities in the U.S. The research, published by LendingTree, found that the median home value in the quaint town is $857,600 - which is an average of 8.57 times higher than the median household income in the area. The small town of Vineyard Haven, …

Household Income Nevada Washington Value Colorado Jackson
House prices continue to rise despite higher interest rates, inflation and cost of living
9 months, 3 weeks ago

House prices continue to rise despite higher interest rates, inflation and cost of living

ABC  

In short: Home values rose 0.6 per cent in February, with increases in every capital city except Hobart, according to CoreLogic. Home values rose 0.6 per cent in February, with increases in every capital city except Hobart, according to CoreLogic. "It's pretty unusual for economic conditions to be so weak but the housing market showing this really strong trend," CoreLogic's …

Market Prices Values House Cent Melbourne Increase
Palm Springs capped short-term rentals. Now some home prices are in free-fall
11 months ago

Palm Springs capped short-term rentals. Now some home prices are in free-fall

LA Times  

Two years ago, YouTube star Luan Palomera paid $1.5 million for a chic vacation home in Palm Springs. If you live in one of 10 Palm Springs neighborhoods that already are over the limit, you’re trapped in permit purgatory, stuck on a waiting list for a rental license that may take years. At a time when many Palm Springs home …

Market City Million Palm Copeland Palm Springs Str
Property values are tipped to reach a new high. Here's how much prices have risen in each capital city
1 year, 2 months ago

Property values are tipped to reach a new high. Here's how much prices have risen in each capital city

ABC  

With Australia's median property value set to hit a new peak by the end of 2023, what does that mean for where you live? Adelaide Monthly change: 1.7 per cent increase Adelaide median house value: $742,909 Median unit value: $464,414 The September quarter saw Adelaide recording the highest capital gain at 4.3 per cent, pipping out Brisbane and Perth. Brisbane …

Record Change Property Prices Values House High
Norfolk Southern announces details of plan to pay for lost home values because of Ohio derailment
1 year, 3 months ago

Norfolk Southern announces details of plan to pay for lost home values because of Ohio derailment

Associated Press  

Norfolk Southern announced new details Monday about its plan to compensate East Palestine residents for lost home values since the fiery derailment disrupted life in the eastern Ohio town in February. Norfolk Southern is steadfast in keeping our commitments, including protecting the home values of the community,” said CEO Alan Shaw, who is working to improve safety on the railroad. …

Health Ohio East Southern Norfolk Wallace Derailment
Australian home values see largest decline in recent memory, new data shows
1 year, 11 months ago

Australian home values see largest decline in recent memory, new data shows

ABC  

Homes around Australia have lost an estimated average of $64,820 in value since May last year according to CoreLogic's Daily Home Value Index. Key points: Australian home values have seen their biggest decline since 2019 Sydney, Brisbane and Melbourne home values are seeing the largest downturn Experts expect values to keep declining into 2023 Between May 2022 and January 2023, …

Change Values Value Decline Cent Rate Melbourne
As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation
2 years, 1 month ago

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

ABC  

Australia's median property values dropped 1.2 per cent in October, to $721,018, a figure including both houses and apartments. Adelaide Change: 0.3 per cent decrease in October Adelaide median house value: $706,154 Median unit value: $436,462 CoreLogic data shows Adelaide values recorded a COVID-19 "trough to peak" growth of 44.7 per cent. Hobart Change: 1.1 per cent decrease Hobart median …

Data Values Interest Rates House Value Cent Rate
Pinched by housing downturn, Chinese families rein in spending
2 years, 3 months ago

Pinched by housing downturn, Chinese families rein in spending

Live Mint  

A two-decade boom in real estate made many Chinese families feel richer. “If more people suffer from income loss, the foundation that supports the bubble in the property market will be shaken," said 39-year old Ms. Tang, who works in the finance industry. As fears of declining home values deepen, more people will re-evaluate their spending and investment decisions, said …

China Housing Market Property Prices Values Spending
Here’s what Southern California’s housing market cool-down means for buyers, sellers
2 years, 5 months ago

Here’s what Southern California’s housing market cool-down means for buyers, sellers

LA Times  

The Southern California housing market is finally slowing down after a two-year pandemic boom fueled in large part by record-low borrowing costs. In June, the Southern California median home price fell 1.3% from May, despite the fact it usually increases between those two months. Don’t expect your home to get dozens of offers and sell for tens — even hundreds …

Market Price Buyers Months Southern California Agent Redfin
The SoCal housing market is cooling. Here’s how far prices have fallen
2 years, 5 months ago

The SoCal housing market is cooling. Here’s how far prices have fallen

LA Times  

With more supply and less demand, Southern California’s median home price dropped from May to June. The data, released Tuesday by DQNews, mark the first month since January that Southern California’s ultra-competitive housing market saw a decline in the median home price. California’s median home price dropped to $863,790 in June, a 4% decrease from the revised record high of …

Market Sales County Higher Southern California Lower 2021
A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach
2 years, 7 months ago

A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach

ABC  

It takes a first home buyer almost 11.5 years to save a 20 per cent deposit for an average priced home. Ms Owen says assuming a 15 per cent property price decline and a mortgage rate of almost 5 per cent "you save on the deposit, but you spend more over the life of the loan". "Assuming a household income …

Prices Income Mortgage Interest Rates Interest House Cent
Why Waiting To Buy A 'Forever Home' Could Mean Never Owning A Home At All
4 years, 4 months ago

Why Waiting To Buy A 'Forever Home' Could Mean Never Owning A Home At All

Huff Post  

LOADING ERROR LOADING Long ago, it wasn’t uncommon for homeowners to hang on to their properties for 20 years or longer. They’d scrimp and save, eventually putting 20% down on their dream home, then they’d work to pay off the mortgage so they could live their golden years debt-free. The way that property values appreciate today, it often doesn’t make …

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