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Housing Market Update: Home Prices Surge to Record High as Competition Heats Up

Housing Market Update: Home Prices Surge to Record High as Competition Heats Up

Home prices spiked to an all-time high of $363,975 as the market continued to heat up during the four-week period ending February 27. The median home-sale price was up 16% year over year, the biggest annual gain since August, and the typical[...]
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A Record 8% of U.S. Homes Are Worth At Least $1 Million

A Record 8% of U.S. Homes Are Worth At Least $1 Million

Nationwide, a record 8.2% of U.S. homes (6 million) were valued at $1 million or more in February. That’s up from 4.8% (3.5 million) two years earlier, just before the coronavirus was declared a pandemic. The Bay Area led the way, with[...]
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The Typical U.S. Home Changes Hands Every 13.2 Years

The Typical U.S. Home Changes Hands Every 13.2 Years

Homeowner tenure flattened near its peak in 2021 after steadily rising for nearly a decadeThe typical American homeowner in 2021 had spent 13.2 years in their home. That’s down slightly from the peak of 13.5 years in 2020 but up[...]
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Two Years Later: How the Pandemic Has Rocked the U.S. Housing Market

Two Years Later: How the Pandemic Has Rocked the U.S. Housing Market

This week marks the two-year anniversary of the coronavirus pandemic, which the World Health Organization officially declared a pandemic on March 11, 2020. Here’s a look at how drastically the housing market has changed since then.[...]
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Nearly 6,000 U.S. Homes Have Sold For $100,000+ Above Asking Price This Year

Nearly 6,000 U.S. Homes Have Sold For $100,000+ Above Asking Price This Year

At the same time last year, 2,400 homes had sold for at least $100,000 over asking. Americans were competing for a limited number of homes for sale at the beginning of this year, trying to get ahead of rising mortgage rates—and they paid up[...]
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