Home prices rose a record 18.1% year-over-year in August, CoreLogic said. Yet prices climbed just 1.3% that month, marking a major slowdown from July.
In the great housing shortage of 2021, the typical homebuyer had a rough go. They made multiple offers and paid more than they intended.
Average home prices are above 2006 peaks, and other measures show the housing market hurtling toward bubble territory.
The sky-high prices, rapid sales, and frenetic bidding wars that defined the housing crisis are reversing. The market might just be starting to heal.
The sky-high prices, rapid sales, and frenetic bidding wars that defined the housing crisis are reversing. The market might just be starting to heal.
Prices rose 13.2% year-over-year, according to S&P CoreLogic data. Expensive lumber and lot shortages slowed builders' ability to boost inventory.
Experts say today's housing market boom is far safer than the one in 2007, but soaring prices and a widespread supply shortage aren't sustainable.
Goldman Sachs said US house prices are relatively affordable, but not everywhere, with the West Coast in particular remaining pricey.
Surging prices, rising mortgage rates, and lasting supply constraints will lead price growth to slow significantly after the pandemic, CoreLogic said.
A "supply crunch is driving another leg up in home prices," analysts at Goldman Sachs said.
Sales of existing homes in the US contracted for the first time in six months in November, signalling rising prices and historically low supply is finally slowing the housing market’s rally. Home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million, according to the National […]
US equities jumped on Tuesday after the General Services Administration’s ascertainment of President-elect Joe Biden’s victory lifted investor sentiments. The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback after the index sank as low as 18,213 in March. The GSA announced Monday afternoon […]