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The U.S. housing market has been so hot for so long that it’s easy to forget it can’t stay that way forever. At some point, home prices will have to stabilize or head lower — at least ...
Prices hit a new all-time high in June 2024, with the median sale price for an existing home reaching $426,900, according to the National Association of Realtors (NAR). July’s median price was ...
But they’re not going to stay put if interest rates go down by two points. “It’s going to be a signal for everybody to come back out and buy like crazy, and the house prices [will likely] go ...
A family that puts 20% down on a $400,000 home would pay $594 more each month now compared with the start of 2017. Even finding a home at that price is increasingly challenging.
“It doesn't matter what the price is.” The average sales price across the country for an existing single-family home rose 14.6% to $361,700 in the fourth quarter of 2021, according to the ...
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.
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This scenario may already be playing out: The median home sale price in Austin was down 6.2 percent year-over-year, according to June 2024 Redfin data, and homes there were taking a long 50 days ...