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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.
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.
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 ...
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 ...
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.
According to data from Zillow, U.S. home prices fell by 0.03% month over month between July and August 2024 -- a modest decline, but significant given that prices usually increase during this time ...
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 ...
Ivy Zelman, a financial analyst dubbed “Poison Ivy” for accurately predicting the 2008 housing bust, noted the similarity recently, saying: “Existing home sales are right now probably at the ...