Home prices

Pent-up demand and the rapid pace of home appreciation is fueling the ongoing rise in home prices, even as mortgage rates present obstacles for buyers.

Recent housing trends more favorable to buyers will ease some of the pressure for higher down payments in order to secure a winning bid, Redfin finds.

A national gauge of prices rose 3.9% from a year earlier, according to data from S&P CoreLogic Case-Shiller.

Meanwhile, home prices are set to grow 3 to 4% in 2025, a Fitch report predicts.

Gahanna, Ohio was the hottest ZIP code for the second consecutive year.

West Virginia has the lowest monthly mortgage payment of $1,838.

While prices and mortgage rates are having an effect on consumers, homeownership is still more affordable than renting in much of the country, new research found.

Harrisburg, Pennsylvania, is the top housing market for first-time homebuyers, having a median home price of $140,000 between November 2023 and November 2024.

Broward County in Florida has the highest property tax increase since 2019, at 56.80%.

Fannie Mae's Consumer Housing Sentiment Index rose in November, continuing its steady climb and showing significant improvement compared to the same period last year.

The share of underwater mortgages also grew for the first time in almost two years during the third quarter, Corelogic found.

New single-family home sales decreased 17% last month to a 610,000 annualized rate, according to government data issued Tuesday.

The region of Manchester-Nashua, New Hampshire, has homes on the market for a median of 23 days and an average home price of $550,000.

While the latest data indicates ongoing demand, changes in the share of locks by category show consumers trying to adapt to market conditions, according to a report from Optimal Blue.

The five most expensive ZIP codes in the U.S. have an average median home price of more than $6 million.

Despite rising consumer confidence in the housing market, declining mortgage rates, alone, don't seem to be able to lure home buyers in, two new reports find.

Home-price gains in the U.S. slowed in July as still-high mortgage rates kept would-be buyers on the sidelines while inventory piled up.

Residential markets are set to gain momentum again with prices rising over the next few quarters as rising rents in cities support demand, according to Holzhey. 

While housing demand remains strained, national home price appreciation continued to make more room for buyers in August, according to First American.

Home selling sentiment was mostly unchanged, even though some shifts appeared on a regional basis, according to the latest Fannie Mae research.