Home Prices Surge By 42% Since 2020
Home prices have risen by 42% since 2020, with interest rates and borrowing costs jumping as well. As a result, homebuyers need to earn 80% more than they did in 2020 in order to comfortably afford housing, a new Zillow analysis found. With median...
Housing Market Proved Unpredictable in 2023
The U.S. housing market proved to be largely difficult to predict for Wall Street analysts to predict over the course of 2023. Initially forecasting a 4.5% decline in U.S. home prices over the course of 2023, Wells Fargo economist Charlie Dougherty decided to make...
Home Prices Hit Record High in July
Home prices rose for a sixth consecutive month in July, with the S&P Case-Shiller US National Home Price Index reaching an all-time high, surpassing its previous record in June 2022. The index rose 0.6% from the previous month and 1% on a year-over-year basis....
Housing Market to Spike in 2023 and 2024, Report Suggests
Home prices in the United States are expected to become increasingly more unaffordable over the course of 2023 and 2024, the American Enterprise Institute (AEI) Housing Center has claimed.
In its recent Housing Market Indicators report, the think tank estimated that home prices would...
Home Prices in U.S. Close to All-Time High Due to Depressed Supply
The increased demand for homes coupled with depressed supply has caused U.S. home prices to get dangerously close to an all-time high. This was revealed in Redfin’s recent report about the state of the market for June.
According to the report, the median home sale...
Home Prices Rise for Third Straight Month in April
Home prices increased in April for a third consecutive month, data released on Tuesday showed. This signals that the housing market is on the path to recovery.
The S&P CoreLogic Case-Shiller US National Home price index increased by 0.5% in April on a seasonally adjusted...