Household income climbs in some big cities, outweighed by inflation in others
Modest income increases failed to keep pace with the roughly 3% inflation rate, meaning many households effectively lost buying power.
Home Prices
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Midwest housing markets defy national days on market trends
Midwest housing markets are demonstrating remarkable resilience against the national trend of extended Days on Market.
Homeownership among Black Americans drops to 4-year low
Results were down roughly 1.5% from this time last year and marked the steepest annual decline since the third quarter of 2021.
Fannie Mae: Consumer housing sentiment slips in August
More positive outlooks for mortgage rates and homebuying conditions were not enough to offset declines in seller sentiment, home-price expectations, household income growth and job security.
US housing market value hits record $55T, but growth is slowing
New York posted the biggest gain — equal to about one-quarter of the nation’s increase — while values in Florida and California fell.
Older adults support many types of housing regulation reform
Older adults support changing zoning laws to make homebuilding easier, according to new surveys by AARP and the Pew Charitable Trusts.
Realtor.com: Price premium for new homes sinks to all-time low
The premium for new construction homes dropped to 7.8% nationally as builders held prices steady and existing-home prices jumped.
Stellar MLS launches market, neighborhood reports for agents
The new feature gives real estate professionals reports on demographics, amenities, school data, transportation access and more.
Home prices hit all-time high, but more inventory cools price growth
Although home prices hit an all-time high in June, inventory growth helped slow down the increase in prices to just 2% year over year.
California creates office dedicated to housing, homelessness issues
Restructuring aims to better integrate and administrate response to the state’s housing and homelessness challenges.