Point2, Saskatoon, Saskatchewan, recently released an analysis finding that prices have doubled in less than 10 years in 68 of the country’s largest 100 cities. Some, such as Detroit, have doubled at a significantly faster rate.
Tag: Home Prices
Fannie Mae Panel Upgrades Home Price Growth Outlook
A panel of housing experts expects annual national home price growth of 3.8% this year and 3.4% in 2025, according to the Q1 2024 Fannie Mae Home Price Expectations Survey.
Fannie Mae: Survey-High Share of Consumers Expect Mortgage Rates to Fall
Fannie Mae released its Home Purchase Sentiment Index for December, highlighting a 2.9-point increase to 67.2. That jump is primarily due to the survey-high 31% of consumers who believe mortgage rates will go down over the next year.
April Indexes Show Solid but Mixed Results for Home Prices
The Federal Housing Finance Agency’s seasonally adjusted House Price Index for April showed a 3.1% increase in home prices year-over-year, and a 0.7% increase from March.
Zillow: Housing Market ‘Firmly in Sellers’ Favor’ Amid Rising Demand, Low Supply
Zillow, Seattle, said housing market has tilted firmly back in favor of sellers, as steady demand met scarce inventory to drive up home values.
Redfin: Home Prices See Sharpest Monthly Drop in Decade
Redfin, Seattle, reported the median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012.
Redfin: Spring Home Season Off to Mixed Start
Two reports from Redfin, Seattle, suggest the spring home buying/selling season could be hamstrung by cooling home prices and a usual suspect: not enough housing inventory.
Homebuyers See Relief from Prices, Monthly Payments
Redfin, Seattle, said homebuyers in many markets are starting to see relief from home prices and monthly payments.
Home Price Report Roundup: More Rebalancing
Three reports show a continuing trend of slowly receding home prices, with some markets coming back to earth faster than others. Here’s a summary of those reports:
Redfin: Home Price Growth Cooling in ‘Pandemic Boomtowns’
Home-price growth has slowed fastest in pandemic boomtowns, including Austin, Phoenix and Boise, as high mortgage rates and an uncertain economy deter would-be buyers, said Redfin, Seattle.