Home prices trail inflation again: where growth still holds
Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
Less than 45% of mortgage residential properties in the United States were equity-rich last quarter, a 1.5-percentage-point drop from the third quarter.
National home prices grew monthly and annually in October, but considerably less than last year, according to S&P Dow Jones Indices.
After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.
Forty percent of Americans planning to buy or sell a home in 2026 worry about a potential market crash, according to a new report from Clever Offers.
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.
Meanwhile, home prices are set to grow 3 to 4% in 2025, a Fitch report predicts.
The share of underwater mortgages also grew for the first time in almost two years during the third quarter, Corelogic found.
Despite the surge of inventory, the number of available homes is still below pre-pandemic levels, while price movements show wide regional variations, ICE Mortgage Technology said.
Compared to a year ago, investors bought a greater number of properties and made up a larger share of overall purchases, returning to the market faster than individual buyers, according to Redfin.
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
The transactions grew between second and third quarter, with the new-home market seeing one of its largest surges in cash-buying in 13 years.
A shortage of listings has pushed up prices, boosting the total value of US homes to a record $47 trillion, Redfin reported.
Ten Western states that benefited from a pandemic-driven boom reported value declines in May, CoreLogic said.
But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.
Home price overvaluations over 10% are easing in some markets, analysts say, but RMBS investors are still cautiously tightening liquidity amid uncertainty.
Housing costs increased at the slowest pace in over a decade nationwide, even while monthly growth now exceeds its pre-pandemic level.
Fannie Mae researchers found housing costs decelerating for the fourth straight quarter, but limited inventory may be driving hopeful buyers to look for opportunities in the new-construction market.
And in January, all-cash buyers reached their highest share in nine years, at 32.1%, Redfin said.
Couldn’t load more articles. Try again.