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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.
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.
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 ...
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 ...
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 ...
The cool-downs are a sharp turnaround from when home prices skyrocketed. Austin home prices soared almost 70% between 2020 and 2022, while San Antonio rose 40% and Tampa rose 60%, according to ICE ...
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 ...