Three metrics that measure competition in the U.S. housing market each dropped to the lowest September level in six years last month. Share of homes selling above list price: 25.3% of homes that sold went for more than their final list price, down from 28.5% a year earlier. Average sale-to-list-price ratio: This metric came in at 98.6%, […]

If you own a home, congratulations: You likely gained six figures in equity since 2019. “A typical homeowner accumulated $147,000 in housing wealth in the last five years,” said National Association of Realtors® Chief Economist Lawrence Yun in the latest quarterly report. That’s a profit of $29,400 per year—nearly half of the average U.S. salary. But even with the rapid price appreciation over […]

A panel of housing experts anticipates continued growth in home prices, though at a slower pace than in recent years, according to the latest Fannie Mae Home Price Expectations Survey (HPES). The panel has upgraded its Q1 2024 projection to a 3.8% rise in home price growth this year and 3.4% in 2025 – a […]