home-prices
5 stories related to this topic, newest first.
The New YorkerNew Home Median Price Falls to Lowest Level in Nearly Five Years
The median new construction home sold for $387,400 in March, down 6.2 percent from a year earlier. Sales reached a seasonally adjusted annual rate of 682,000, up 3.3 percent from the prior year, as builders cut prices and sizes to address affordability.
marketwatch.comMedian New Home Sales Price Falls 5.3 Percent in March
The median sales price for a new single-family home dropped $21,600 month-over-month to $387,400 in March, the lowest level since July 2021. The decline marked the largest monthly drop since November 2024. After inflation adjustment, the real median price reached its lowest point…
NewsweekOver One-Third of US Home Sellers Cut Prices in February, Highest Share Since 2012
More than 34 percent of home sellers in the US reduced their asking prices in February, according to Redfin data, marking the highest share for that month since records began in 2012. This occurred amid increased inventory and a shift toward a buyer's market, with 46.3 percent mo…
Substrate placeholder — needs reviewUS Home Prices Rise Faster Than Household Incomes, Reducing Affordability
Home prices in the United States have increased at a faster rate than household incomes, according to a report cited by @unusual_whales referencing NBC. This trend has made homeownership more difficult for many potential buyers. The disparity highlights ongoing challenges in the…
Substrate placeholder — needs reviewSan Francisco Median Home Price Reaches Record $2.15 Million in March
The median home price in San Francisco increased to $2.15 million in March, marking an 18% rise from the previous year. Brokerage Compass reported this figure amid growth in the local AI sector. The data reflects ongoing trends in the city's housing market.