Market Data + Trends Home Prices Continue to Grow but Are Expected to Slow by 2025 The decline in home sales could signify price stabilization in the near future
Market Data + Trends Despite a Drop in Existing-Home Sales, the Median Sales Price Hit a New Record High in June At the same time, unsold inventory continues to increase, reaching a 4.1-month supply
Affordability Housing Market Could Improve as Down Payment Assistance Programs Become More Widely Available There has been an 11% increase in the number of down payment assistance programs year-over-year, allowing more people to purchase homes
Market Data + Trends Could the Mortgage Rate Lock-in Effect Have an Upside? It turns out the lock-in effect of homeowners who secured a low mortgage rate staying put may be benefitting home price stability
Housing Markets Interactive Map Shows Smaller Housing Markets Have Seen the Bulk of Home Price Increases Exurbs, mountain towns, and other small cities have seen housing costs spike, while major cities see minimal change
Housing Markets 10 Best Housing Markets for Seniors Many homes in the US lack basic features for aging in place, but some cities provide more aging-friendly homes than others
New-Construction Projects More Houses Are Being Built on Slab Foundations Slab foundations are growing in popularity due to their cost-effectiveness
New-Construction Projects New Homes Are Now Cheaper per Square Foot Existing homes are still more affordable than new homes overall by $54,000, but the gap between the two is shrinking
Remodeling Remodeling Spending Expected to Improve in 2025 While still in the negatives, homeowner spending for renovations is expected to ease to -0.5% in 2025
Market Data + Trends Homes Are Selling for Less Than the Appraised Value The trend is more prevalent in some markets, such as Kentucky, which saw 73% of homes appraised higher than what they actually sold for during the first half of 2024
