Home prices

The most attractive cities this year count more homes selling under their listing price rather than over it.

While supply was up by over 54% compared to a year earlier, new home listings decreased, according to Realtor.com.

Increases in values were more likely to stick across the Central U.S, while pandemic boomtowns experienced the biggest declines in median housing costs, according to Realtor.com.

Prices were up by less than 9% year-over-year, according to CoreLogic's report.

The Redfin study covers property transactions between January 2021 and September 2022.

But that's largely because homes are staying on the market longer — almost three weeks more than in early summer on average.

Home prices, sales volumes, interest rates are expected to drop next year, researchers at the company forecasted.

But they will start increasing again by next October, according to a forecast by CoreLogic.

Allowing Fannie Mae and Freddie Mac to buy these loans encourages consumers to purchase more expensive homes, the group said.

The increased limit on the size of the mortgages the government-sponsored enterprises will be able to buy reflects the year-over-year change in home prices.