Current Market Data
Homeowners and buyers will prioritize nostalgic, old-world design sensibilities juxtaposed with modern sustainability technologies next year, according to Zillow.
Experts were asked to rate markets in categories such as investment potential and development opportunities.
Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.
A growing number of renovating homeowners now classify their primary bathroom as a “wet room,” according to the 2024 Houzz Bathroom Trends Study.
At the same time, existing-home sales and housing starts declined.
September pending home sales rose 7.4% to their highest level since March, according to the National Association of REALTORS®.
Sustainability and housing affordability are on the top 10 list.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs.
The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Sales slid 1% compared to August, the National Association of REALTORS® said.
Miami Beach 33109 is the No. 4 most expensive ZIP code in the country.
Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.
October’s increase comes as inflation slows and mortgage rates decline.
Home sales were down an average of 13.3% in the 52 largest U.S. metros, according to the RE/MAX National Housing Report.
Nationally, the housing market has dipped into neutral territory for the last three months.
The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.
