Analysis and Data
CoreLogic: Home Prices In May Up 20% From Last Year
Sarah Wolak
Jul 05, 2022
Marks the 16th consecutive month of double-digit price increases.
KEY TAKEAWAYS
Home prices increased by 1.8% in May 2022 compared with April 2022.
Large cities continued to experience price ...
Analysis and Data
CoreLogic: Home Prices In May Up 20% From Last Year
Sarah Wolak
Jul 05, 2022
Marks the 16th consecutive month of double-digit price increases.
KEY TAKEAWAYS
Home prices increased by 1.8% in May 2022 compared with April 2022.
Large cities continued to experience price ...
Lumber prices have vacillated recently, but other costs for residential construction materials and related transportation rose in the past month, the National Association of Home Builders noted in a new report.That resulted in a net 1.8% monthly gain in the cost of goods used in residential construction and renovation during May, and represented an increase of 19.4% compared to a year earlier, the analysis of Producer Price Index data showed.While the PPI for softwood lumber was up only 0.4% in...
Lumber prices have vacillated recently, but other costs for residential construction materials and related transportation rose in the past month, the National Association of Home Builders noted in a new report.That resulted in a net 1.8% monthly gain in the cost of goods used in residential construction and renovation during May, and represented an increase of 19.4% compared to a year earlier, the analysis of Producer Price Index data showed.While the PPI for softwood lumber was up only 0.4% in...
Although the housing market is cooling across the nation, home prices in the Tampa Bay area are still far higher than before the pandemic, according to the latest Zillow report.
Home sales are slowing down as rising mortgage rates drive up monthly payments.
The data shows that newly pending listings nationwide are down 18% from August and 29% since 2021 across the U.S. as affordability challenges mount.Β
Homes in Tampa Bay saw a typical home value of $391,114, a 0.2%Β decrease since August, ...
Although the housing market is cooling across the nation, home prices in the Tampa Bay area are still far higher than before the pandemic, according to the latest Zillow report.
Home sales are slowing down as rising mortgage rates drive up monthly payments.
The data shows that newly pending listings nationwide are down 18% from August and 29% since 2021 across the U.S. as affordability challenges mount.Β
Homes in Tampa Bay saw a typical home value of $391,114, a 0.2%Β decrease since August, ...
The Tampa and Miami areas continued in February to have among the nationβs largest increases in home prices when compared to a year earlier, according to a report released Tuesday.
The Tampa area saw a 32.6% year-over-year gain in home prices, barely trailing the Phoenix area for the largest jump in the country. Phoenix was at 32.9%, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
The Miami area was third-highest at 29.7%.
The three markets also have toppe...
The Tampa and Miami areas continued in February to have among the nationβs largest increases in home prices when compared to a year earlier, according to a report released Tuesday.
The Tampa area saw a 32.6% year-over-year gain in home prices, barely trailing the Phoenix area for the largest jump in the country. Phoenix was at 32.9%, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
The Miami area was third-highest at 29.7%.
The three markets also have toppe...
HomeΒ sales in Dallas-Fort Worth are down nearly 21% from this time last year β the largest drop recorded this year. The median DFW home price in September stood at $399,000.
HomeΒ sales in Dallas-Fort Worth are down nearly 21% from this time last year β the largest drop recorded this year. The median DFW home price in September stood at $399,000.
According to the latest Federal Housing Finance Agencyβs (FHFA) House Price Index (HPI), U.S. house prices rose 2.1% in February, 2022 and were up 19.4% from one year ago.Β The FHFA produces the nationβs only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all [...]
The post FHFA Says Home Prices Up 19.4% from One Year Ago appeared first on Real Estate Investing Today.
According to the latest Federal Housing Finance Agencyβs (FHFA) House Price Index (HPI), U.S. house prices rose 2.1% in February, 2022 and were up 19.4% from one year ago.Β The FHFA produces the nationβs only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all [...]
The post FHFA Says Home Prices Up 19.4% from One Year Ago appeared first on Real Estate Investing Today.
Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The week's results include an adjustment for the observance of Labor Day. Since last year, homebuyers' demand for mortgages has fallen by nearly a third. Mortgage rates, which had been easing slightly through July and August, pushed higher yet again, after Federal...
Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The week's results include an adjustment for the observance of Labor Day. Since last year, homebuyers' demand for mortgages has fallen by nearly a third. Mortgage rates, which had been easing slightly through July and August, pushed higher yet again, after Federal...
The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers.
A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfinβs weekly housing data, tracked through 2015.
The report also states that new homebuyers have been squeezed out of the marke...
The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers.
A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfinβs weekly housing data, tracked through 2015.
The report also states that new homebuyers have been squeezed out of the marke...
