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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.
According to a recent report from Case-Schiller National Home Price Index, home prices in America have spiked by 47% since 2020. That is a significant price increase by any standard, making life ...
Nationally, many economists call for home prices to rise between 2% and 4% next year, around historical averages. But the strength of the housing market is likely to vary heavily by location.
In a separate interview with CNBC on Wednesday, Realtor.com’s chief economist, Danielle Hale, said there are 36% fewer homes for sale now than before the pandemic—and with high home prices and ...
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.
On balance, high home prices have spelled out more bad news for Biden than good. Prospective homebuyers need to make roughly $50,000 more to afford a home than they did pre-pandemic, and the ...
You've likely noticed that home prices have increased in recent years. Rising interest rates, inflation and fewer homes being on the market contribute to escalating prices. However, a few markets...
Home prices skyrocketed, and when it was over, because the Federal Reserve raised interest rates to lower hot inflation, mortgage rates soared. We were left with high home prices and high mortgage ...