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In swing states, the median home sale price has risen by 40%, to a record high of $316,063 as of 2024. But the median housing payment has nearly doubled, rising 92% to an all-time high of $2,161.
The 88240 neighborhood in Hobbs, New Mexico, is projected to see the highest percent decline in average home prices at -7.4%, or a $12,054 decline on the average $162,908 home price.
Some metros have posted home price declines of more than 10% from their 2022 peaks.
Home prices, which seemed to be on a never-ending upward trajectory, are now beginning to drop in certain states. According to data from Zillow, U.S. home prices fell by 0.03% month over month ...
A new supply and demand landscape. Monthly home prices declined the most in San Antonio at 0.3% in April, followed by 0.25% in Austin, and 0.16% in Tampa, according to ICE Mortgage. The cool-downs ...
The housing market has had a wild ride over the past five years. In the first few years after the COVID-19 pandemic, when interest rates remained at rock-bottom levels, home prices skyrocketed.
The U.S. housing market has been on a wild ride since early 2020. When the coronavirus pandemic struck that year, housing prices plummeted, right along with the stock market and the American economy.
Homeowners are trimming prices to revive buyer interest, which has dropped off amid record price highs and elevated mortgage rates. The median home price fell 1.3% year-over-year, hitting $429,990.