Home prices

More units sold above asking price as skyrocketing home values pushed consumers out of the single-family market, according to Redfin.

As rising home valuations force first-time home buyers out of the market, expect to see non-owner-occupied loans to increase.

Initial home construction rose 6.3% last month to a three-month high, according to government data released Tuesday.

In states where it is legalized, cannabis sales tax revenues led to greater home value appreciation through community reinvestment, according to an analysis by Clever Real Estate.

Competition amongst those shopping for homes fell for the second straight month as surging prices pushed consumers to the sidelines and inventory saw modest gains, according to Redfin.

Local mortgage and real estate professionals give insight on the metro areas projected to experience the highest appreciation over the next year, according to Zillow.

Still, the average time a property is on the market is at an all-time low, with more than half going into contract within two weeks.

Renters will need to reserve an additional $369 per month to keep up with rising listing prices over the next year, according to Zillow.

But some local markets in the Midwest and oil regions are seeing a lag compared to nationwide annual gains, Veros Real Estate Solutions found.

The dynamic between housing market players diverged to an even greater degree amid intense demand and surging home prices, according to Fannie Mae.

While home prices hit another record high, the supply of for-sale properties improved, according to Realtor.com.

U.S. pending home sales unexpectedly rose in May by the most in nearly a year as low borrowing costs paired with increased listings bolstered demand.

Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 14.6% from a year earlier, the biggest gain in data going back to 1988.

While purchasing power grew for the 16th straight month in April, surging property values and increased mortgage rate forecasts will keep driving down affordability, according to First American.

The lack of homes for sale is supporting the record values, unlike what happened in the mid-2000s, analysts say.

Median home prices are higher than the historical average in 61% of U.S. counties, Attom Data Solutions said, and it's unclear if the situation gets better or worse.

Shipping bottlenecks and higher input prices have held back homebuilding, contributing to skyrocketing prices for the limited supply of homes available.

As home prices set new records, a shift in consumer attitude led to fewer bidding wars and a growing number of listings, according to Zillow and Redfin.

Recent reports show inflation rising, but employment underperforming, while interest rates dropped across the board.

The continued home price spike also drove the negative equity share to an all-time low, according to CoreLogic.