Redfin, Seattle, released a report finding that the prices home sellers are asking for and the prices that homebuyers are paying diverge by $39,000–the largest gap since May 2020.
Tag: Prices
S&P CoreLogic Case-Shiller Index Up 3.9% in December
The December S&P CoreLogic Case-Shiller Indices reported home prices were up 3.9% annually, a slight increase from 3.7% the previous month.
Renting More Affordable in 50 Major Metro Areas, Realtor.com Finds
Realtor.com recently reported that across the top 50 major metro areas, median asking rent stood at $1,720.
S&P CoreLogic Case-Shiller HPI: 5.5% Annual Home Price Gain in December
The S&P CoreLogic Case-Shiller Home Price Index reported a 5.5% annual gain in December, up from 5% in November.
Zillow: Monthly Mortgage Costs on Typical Purchase Down 1.5% in November
Zillow, Seattle, found in its latest market report that the monthly mortgage costs on a typical home purchase fell 1.5% from October to November–down from an October peak with costs up 9% annually and 120% over pre-pandemic rates.
All Star Home: West Virginia Most “House Rich” State
All Star Home, Raleigh, N.C., sought to figure out what state is the most “house rich,” a status it defined as homeownership being dominant and homes being relatively affordable compared to the local median income. Per its analysis, West Virginia took the top spot.
October New Home Sales Dip, But Outlook Brighter
HUD and the Census Bureau yesterday reported sales of new single‐family houses in October fell slightly but performed strongly compared to a year ago.