tldrdailynews.com logo
Tag

Home Prices

All articles tagged with #home prices

June Housing Market Slips as Record-High Prices Persist
real-estate2 days ago

June Housing Market Slips as Record-High Prices Persist

US existing-home sales fell 2.4% in June to 4.09 million (SA), with inventory at 1.56 million (down 0.6% MoM, up 1.3% YoY) for about a 4.6‑month supply. The median price reached a record $440,600, up 1.8% YoY. All-cash buyers accounted for about 25% of sales (down from 29% a year ago), while first-time buyers were 33% of transactions. Activity remains strongest at the higher end, with regional declines elsewhere except the Northeast. Analysts say limited inventory and high mortgage rates keep prices elevated, even as job gains support demand.

via CNBC|
#home-prices#housing-market#inventory
MBA warns housing demand could cool after 2035 as demographics shift
business9 days ago

MBA warns housing demand could cool after 2035 as demographics shift

A Mortgage Bankers Association report forecasts slower population growth, an aging population, and reduced immigration will dampen demand for new housing after 2035, potentially reversing years of supply-driven price gains and causing some markets to have more homes than buyers while others remain constrained; the regional impact will vary as builders continue to add new housing.

via Fox News|
#business#demographics#home-prices
May housing surge lifts existing-home sales to December-high pace
real-estate1 month ago

May housing surge lifts existing-home sales to December-high pace

Existing home sales rose 3.2% in May to a 4.17 million annualized pace, the strongest since December, with inventory up 3.3% to 1.55 million and the median price at $429,300. The gain followed a downshift in mortgage rates in April that helped affordability, with first-time buyers at 35% of sales, higher-end homes remaining buoyant, and roughly a quarter of deals paid in cash. The market remains tight at about 4.5 months of supply, and foreclosures/underwater sales stayed around 1%, signaling solid homeowner finances.

via CNBC|
#existing-home-sales#home-prices#inventory
Mortgage-rate jump slows real estate market as April existing-home sales barely rise
business2 months ago

Mortgage-rate jump slows real estate market as April existing-home sales barely rise

U.S. existing-home sales in April rose just 0.2% to 4.02 million (SAAR), missing forecasts and flat vs. a year ago. Inventory climbed 5.8% from March to a 4.4‑month supply but remains tight. The median home price was $417,700, up 0.9% year over year—the highest April price on record. Mortgage rates surged into about 6.4% this week after being in the high 5% range, weighing on buyers. Days on market rose to 32, and first-time buyers accounted for 33% of sales, with all-cash purchases at 25%.

via CNBC|
#business#existing-home-sales#home-prices
Mortgage Rates Dip as U.S.-Iran Ceasefire Eases Market Tensions
market-news3 months ago

Mortgage Rates Dip as U.S.-Iran Ceasefire Eases Market Tensions

Freddie Mac reports the 30-year fixed-rate mortgage at 6.38% for the week, down 9 basis points—the first drop in five weeks as rates ease from a six-month high. The pullback coincides with a drop in the 10-year Treasury yield below 4.3% amid easing inflation fears, and homebuilders like D.R. Horton, Lennar, and PulteGroup edged higher. Despite the relief, affordability remains stretched with rates still above 6%. Redfin notes a record 34.2% of home sellers reduced prices in February, averaging a 7.3% cut ($40,915), underscoring ongoing housing-market pressure. Uncertainty remains ahead of U.S.-Iran peace talks and its potential impact on the Fed’s rate outlook.

via TipRanks|
#freddie-mac#home-prices#housing-market
February housing data shows small lift in sales, but supply remains tight
economy4 months ago

February housing data shows small lift in sales, but supply remains tight

February existing-home sales rose 1.7% from January to a 4.09 million pace, but are down 1.4% from a year ago, as tight inventory persists (1.29 million for sale, 3.8-month supply). The median price was $398,000, up 0.3% YoY, and time on market rose to 47 days; first-time buyers were 34% of sales and investors 16%. Relisted delistings hit a January record, signaling only modest inventory gains but continued headwinds for affordability.

via CNBC|
#economy#existing-home-sales#home-prices
Trump Pushes for Rising Home Prices Amid Housing Affordability Worries
politics5 months ago

Trump Pushes for Rising Home Prices Amid Housing Affordability Worries

President Trump advocates keeping home prices high rather than boosting construction to lower costs, arguing rising values protect homeowners even as economists say increased housing supply is needed; the piece notes that single-family construction permits fell about 9.4% year over year, while lawmakers from both parties seek incentives to spur building, a stance that could bolster older voters while potentially alienating younger voters ahead of the 2026 elections.

via HuffPost|
#construction-permits#home-prices#housing
Three-Quarters of U.S. Homes Are Not Affordable for the Average Buyer
business5 months ago

Three-Quarters of U.S. Homes Are Not Affordable for the Average Buyer

A Bankrate analysis finds that over 75% of U.S. homes for sale are unaffordable for the typical household, driven by high prices, mortgage rates and tight inventories. Only 11 of the 34 largest metros have at least 30% of listings within reach for middle-income buyers; ultra-expensive markets like Miami, Los Angeles and San Diego remain far out of reach. By contrast, some Rust Belt and Southern metros are closer to affordability, helped by more new construction and townhomes. The median U.S. household earns about $80,000, well below the roughly $113,000 needed to afford the median-priced home of $435,000.

via Axios|
#business#home-prices#housing-affordability
Housing Market Shows Signs of Improvement Despite Affordability Challenges
real-estate6 months ago

Housing Market Shows Signs of Improvement Despite Affordability Challenges

The housing market shows signs of improvement with declining mortgage rates and slowing home price growth, leading to increased buyer activity and a potential better market for buyers in 2026. However, affordability remains a concern due to high borrowing costs, and economic uncertainties continue to influence buyer confidence and builder activity.

via NBC News|
#buyers-affordability#home-prices#housing-demand