With more inventory, where are home prices headed?
Housing inventory is growing and returning to normal levels while sales remain depressed. But that doesn’t mean a big drop in home prices.
Home Prices
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Where land-use regulations are driving up housing costs
The federal government has few options for addressing housing costs because most land-use regulations are administered at the local level.
More home sellers and home sales in May
The risk for this market is mortgage rates going higher. Even as the stock market has rebounded, the bond market has kept rates high.
NAR: Home prices are up in 83% of metros
According to the National Association of Realtors, 189 of 228 metro areas saw an uptick in the median price for a single-family home.
Home sales disappoint at the end of April
Weekly single-family home sales came in 8% below the same time last year, and condo sales came in 19% fewer.
Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
The typical homeowner saw their property tax bill rise 2.7% last year
Attom said the average tax bill rose to $4,172, up 2.7% from 2023. That increase was smaller than the 4.1% hike seen the year before.
Will home prices fall in 2025 with more inventory?
We’ve been assuming that lower rates increase demand faster than supply. But what happens if we get the first economic downturn in a while?
2025 could be the last year of inventory shortage
New data shows many signs that 2025 may be the final year of widespread housing inventory shortages, as long as certain factors align.
What will it take to rekindle the senior housing market?
With the oldest baby boomers turning 80 this year, the market of dedicated senior housing swings from a place of oversupply to a shortage.