News

The total worth of U.S. homes hit a record $46.8 trillion in June, overtaking the prior all-time high of $46.6 trillion set a year earlier, as a shortage of homes for sale propped up housing values. That’s according to an analysis of the[...]

A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% ($7,200) from a year ago. That’s due to the one-two punch of higher mortgage rates and higher home prices. The typical[...]

Roughly 14 of every 1,000 U.S. homes changed hands during the first six months of 2023, down from 19 of every 1,000 during the same period of 2019 and the lowest turnover rate in at least a decade. That means prospective homebuyers have 28%[...]

A lack of homes for sale is pushing prices up. Inventory posted its biggest decline in 18 months as homeowners cling to relatively low mortgage rates. The typical U.S. home sold for roughly $382,000 during the four weeks ending July 23, up[...]

Luxury home prices in San Francisco are falling faster than anywhere else in the nation.The median sale price of luxury homes in San Francisco fell a record 12.7% year over year to $4.8 million in the second quarter—the largest decline[...]