Home prices

Until Congress addresses the federal deficit, the tendency will be for higher long-term interest rates regardless of what the Fed does with the short end of the yield curve, writes the Chairman of Whalen Global Advisors.

Prices nationally rose 5.5% from a year earlier, according to data from S&P CoreLogic Case-Shiller.

Each state was rated on a number of factors in five categories, including affordability, overall well-being, quality and cost of healthcare, weather and crime.

The top five states have an average realtor commission rate of 6.04%.

Equity-rich mortgages — those that have a loan-to-value ratio of 50% or lower, meaning the borrower's equity stake is at least half the property's value — decreased to 46.1% from 47.4% the prior quarter, according to the US Home Equity & Underwater Report published by real estate data firm ATTOM. 

A national gauge of prices climbed 0.2% in November from October, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. That's slower than the 0.6% monthly gain in October.

The National Association of Realtors' index of contract signings increased 8.3% to 77.3 after holding at a record low a month earlier, according to data out Friday.

Bidding wars are also coming back into play in several markets across the country, with the Northeast, in particular, seeing increased activity, according to Redfin.

The median listing price per square foot changed an average of 11.04% from one year to the next in the top five metro areas.

Overall, U.S. home prices increased 5.4% in the year ending in November, CoreLogic's latest Home Price Index report found.

Analysis conducted by the Federal Housing Finance Agency found values coming in under contract price as often as 15% of the time in recent years, with appraisers failing to account for quickly changing market conditions.

Manhattan home prices rose for the first time in more than a year, as surging high-end sales propelled the market and lower mortgage rates set the stage for a broader recovery in 2024.

State and local governments have collected $757 billion in revenue over the past 12 months, according to analysis from the National Association of Home Builders.

Median homes in the top three cities in this ranking are being sold on average 12 days faster than the year before.

But despite the pullbacks in home values this fall, a panel of economists anticipate they will rise over the next year.

California, Midwest and Northeast cities are poised to see the greatest combined rise in sales and home values, but some affordability relief will also emerge nationwide in the next 12 months, Realtor.com said.

A national gauge of prices rose 0.7% in September from August, according to seasonally adjusted data from S&P CoreLogic Case-Shiller.

The top five cities have an average down payment of $181,282.

The top five cities have an average down payment of $51,920.

Between 2020 and 2022, both companies benefited from locked-down consumers that took on renovations.