Two new reports show U.S. home prices continued their skyward vault in July, as supply shortages and strong demand combined to keep buying pressure high. Single-family home prices across the United States rose at a record 19.7 percent annual pace in July, according to the S&P CoreLogic Case-Shiller national composite home price index (pdf), released…
China’s New Home Prices See Slowest Growth in 8 Months
Data on Sept. 15 showed China’s home-price growth eased to an 8-month low, as property investment in August rose at the slowest pace in 18 months. Average new home prices in 70 major Chinese cities grew 0.2 percent last month after rising 0.3 percent in July, according to Reuters calculations based on data released by…
Canada Revenue Agency Discloses Long-Withheld Documents Linking High BC Home Prices to Millionaire Migrations
A secret study that connects high home prices in Vancouver to millionaire migration and possible tax cheating has finally been disclosed by the Canada Revenue Agency (CRA)—five years after a freedom-of-information request was made. The access to information and privacy (ATIP) request was made by the South China Morning Post on Aug. 30, 2016, and received a…
Home Price Growth Surges to Record High: Case-Shiller Index
Two new reports released Tuesday show home prices continuing their skyward vault, with supply shortages and strong demand putting upwards pressure on prices. U.S. single-family home prices in 20 key urban markets rose 19.1 percent in June from a year earlier, marking the largest annual price increase in the 20-year history of the 20-city composite…
Median Home Price Hits $800,000 in California—Here’s Why | Jerry Amante
Why are home prices in California so high? In this edition of California Insider, our host Siyamak Khorrami talks with state housing expert Jerry Amante, who says we need to reform environmental laws and fix the California Environmental Quality Act (CEQA) so we can build more houses for less money. California Insider is an Epoch…
Time on Market for Typical US Home Drops to Just 6 Days: Report
A new report from real estate listing firm Zillow shows that, while the for-sale housing inventory ticked up slightly in May after falling for nine months straight, the typical time of a home on the market fell to just six days and prices hit record highs. “May brought a long-awaited bump in inventory nationwide, though…
Most of Orange County Housing Remains a Hot Sellers’ Market
May 19, 2021
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Commentary In Orange County, Calif., it’s a matter of weeks before a $1.25 million house is plucked from the market, creating lucrative opportunities for area sellers. According to the just-published Orange County Housing Report, 58 percent of Orange County home sellers are offering homes at $1.25 million or less. Demand is so high—and supply so…
Soaring Lumber Prices Add Nearly $36,000 to the Price of a New Home: NAHB
Skyrocketing lumber prices that have tripled over the past 12 months have driven the price of an average new single-family home to rise by $35,872, according to new analysis by the National Association of Home Builders (NAHB), with the price spike threatening to hobble the momentum of the U.S. housing market, one of the bright…
Soaring Lumber Prices Add Nearly $36,000 to Cost of New Home: NAHB
Skyrocketing lumber prices that have tripled over the past 12 months have added $35,872 to the cost of an average new single-family home, according to new analysis by the National Association of Home Builders (NAHB), with the price spike threatening to hobble the momentum of the U.S. housing market, one of the bright stars of the recovery…
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Southern California House Prices Continue to Defy Gravity
Commentary Home price values accelerated across nation in April, according to the most recent data from the S&P CoreLogic Case-Schiller home price indices. The rise was especially sharp in the western U.S. Using January 2020 as the starting point, home prices increased by more than 25 percent in both San Diego and Seattle through the…