U.S. house prices rose in the third quarter at their fastest over-the-year pace on record, according to a new report from the Federal Housing Finance Agency (FHFA). From the third quarter of 2020 to the third quarter of 2021, U.S. house prices rose 18.5 percent, the highest pace in the history of the data series, which…
US Home Prices Rose at Highest Pace on Record in 3rd Quarter: FHFA
Average UK House Price Hits Record £270,027: Index
The average UK house price hit a record high of £270,027 in October, according to an index. The average property value grew by 0.9 percent in October—showing an increase of more than £2,500 during the month, Halifax said. Annual house price inflation accelerated to 8.1%, from 7.4 percent in September. Halifax said it is the…
New Home Sales Rise in August, Prices Remain High
New home sales in the United States rose for the second month in a row in August, though increasing demand is showing signs of slowing down because of high prices. A Sept. 24 report from the Census Bureau (pdf) showed that sales of new residential houses increased 1.5 percent to a seasonally adjusted annual rate…
Homebuilder Confidence Drops to 13-Month Low on High Material Costs and Surging Home Prices
Homebuilder confidence fell in August to its lowest reading in 13 months, driven down by higher construction costs, supply shortages, and rising home prices sidelining prospective buyers, according to the NAHB/Wells Fargo Housing Market Index (HMI). Sentiment among single-family homebuilders fell by five points to a reading of 75 in August, according to the HMI measure….
Single-Family Home Prices Soar by 23 Percent In Q2 Over Year Ago, Sharpest Rise on Record
A shortage of housing stock combined with robust homebuyer demand and low mortgage rates sent U.S. home prices soaring by the highest annual rate on record in the second quarter, according to data from the National Association of Realtors (NAR). The median price of an existing single-family home surged by 22.9 percent in the second…
Single-Family Home Prices Soar by 23 Percent, Sharpest Rise on Record
A shortage of housing stock combined with robust homebuyer demand and low mortgage rates sent U.S. home prices soaring by the highest annual rate on record in the second quarter, according to data from the National Association of Realtors (NAR). The median price of an existing single-family home surged by 22.9 percent in the second…
High Prices, Tough Circumstances Keep Some Adults at Home With Parents
An increasing number of Canadian adults are living at home, especially in markets where housing is expensive. Wendell Cox, urban policy analyst and principal of Demographia in St. Louis, Missouri, says housing was more affordable when boomers were young than it is today. “House prices today are four times relative to incomes what they were…
Home Inventory Remains Low in Strange Start to Home-Buying Season
May 25, 2021
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Commentary U.S. home prices continued to climb in March and have risen nearly 15 percent since the beginning of 2020. That is the takeaway of a U.S. housing market analysis by Standard & Poors, in conjunction with CoreLogic. The study was completed using a method advocated by Nobel-laureate Robert Schiller, which uses actual home price…
US Home Prices See Biggest Surge in March in 7 Years
Home prices in the United States jumped by the most in over seven years in March, as a growing number of eager buyers competed for a dwindling supply of housing stock. The March Case-Shiller 20-city home price index, released May 25, soared 13.3 percent in March on a year-over-year basis, the biggest gain since December…
March Home Prices See Biggest Surge In 7 Years
Home prices in the United States jumped by the most in over seven years in March, as a growing number of eager buyers competed for a dwindling supply of housing stock. The March Case-Shiller 20-city home price index, released Tuesday, soared 13.3 percent in March on a year-over-year basis, the biggest gain since December 2013….
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