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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 ...
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.
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 $429,990.
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
Accessed November 4, 2024. Consumer Price Index Summary, U.S. Bureau of Labor and Statistics. Accessed November 14, 2024. Producer Price Index News Release summary, U.S. Bureau of Labor and ...
About 20% of the homes were sold above their listing price. At September's sales pace, it would take 4.3 months to exhaust the current inventory of existing homes, the highest since May 2020 and ...
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"We forecast house prices in 2023 to finish the year flat versus 2022 before falling 2% in 2024 as affordability continues to adjust slowly back to long-run averages and inventories begin a slow ...