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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...

UK Property on Course for Record Affordability

UK housing prices are on track to their longest streak of improved affordability in over two decades, with data from the Nationwide Building Society showing that average house prices for the year fell 1.8% to £257,443. In real terms, when accounting for inflation, property...

Chinese Home Prices Break Four-Month Decline

The price of new homes in China rose by 0.05% on average in September, bringing an end to a four-month decline streak and marking the largest rise since October 2021. Data released by the China Index Academy on Sunday showed that just 30 of the...

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...

China Home Prices Hit New Low in June

China's home prices remained almost unchanged in June, official data showed on Saturday. This is the lowest level of change that the market has experienced so far this year. Reuters calculations, based on National Bureau of Statistics (NBS) data, found that June's price change...