#home-prices
#home-prices

California

SoCal Home Price Reaches Record $753K as Transactions Fall

Home prices in Southern California hit record high at $753,000; sales dropped 8% year-over-year to 14,176, the second-lowest since 1988. [ more ]

Boston.com

Zillow: Metro Boston is facing the worst inventory crunch in the US

Prospective home buyers in the Boston area may face a challenging Spring House Hunt due to high housing demand and low inventory. [ more ]

SFGATE

The 'Golden Age of Manchester': The New Hampshire City Consistently Topping the Hottest U.S. Housing Markets

Manchester, NH, has become a highly competitive real estate market due to affordability and lack of state income or sales taxes

Locals and out-of-state buyers are driving competition for homes in Manchester's booming real estate market [ more ]

SFGATE

Home Sellers Don't Hold All the Cards This Spring: 15% of Them Have Slashed Prices

Housing supply is increasing with a 23.5% rise in homes for sale compared to last year.

15% of homes in March had slashed their prices, indicating increased seller flexibility. [ more ]

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affordability

New York Post

Business

Home prices surge to another record high in February, defying expectations

Home prices reached record high in February despite high mortgage rates and affordability challenges. [ more ]

www.ocregister.com

Medicine

20 least-affordable US cities to buy a home are all in California

California cities dominate the list of the most unaffordable housing markets in the US. [ more ]

therealdeal.com

Cash Buyers Ratchet Up SoCal Home Prices to Record Highs

Home prices in Southern California have hit an all-time high due to wealthy buyers unaffected by high mortgage rates. [ more ]

Los Angeles Times

4 months ago

Los Angeles

Southern California home prices fell last month. Don't expect them to plunge

Southern California home prices declined 0.1% in November, the first drop in nine months.

The small declines are attributed to fall being a slower time for home sales and buyers struggling with high prices and mortgage rates. [ more ]

therealdeal.com

4 months ago

LA real estate

Median Price for an OC Home Hits Record of Nearly $1.1M

The cost of a median-priced home in Orange County, CA reached an all-time high of $1.085 million in October.

Home sales in the Southern California region fell 8% in October, marking 23 consecutive months of declining sales. [ more ]

moresouthern-california

property-sales

www.mercurynews.com

Single-family residence in Saratoga sells for $4.8 million

The 1,734-square-foot house sold for $4,800,000 in Saratoga, equating to $2,768 per square foot.

The area features various properties with different sizes, bedrooms, bathroom counts, and price points, showcasing a diverse real estate market. [ more ]

www.mercurynews.com

Silicon Valley real estate

Single family residence sells for $1.8 million in San Jose

The 2,077-square-foot house on Coolidge Avenue was sold for $1,820,000 at $876 per square foot.

Recent sales in San Jose include homes on Willow Street, Crescent Drive, and Carolyn Avenue, with varying price per square foot values. [ more ]

www.mercurynews.com

Sale closed in Fremont: $1.7 million for a three-bedroom home

The property on Abaca Way in Fremont was sold for $1,655,000, at a price of $1,205 per square foot.

Other houses in the nearby area have also been sold recently, showing varying price per square foot rates. [ more ]

www.mercurynews.com

Single family residence sells for $1.8 million in Dublin

The spacious house located in the 7600 block of Quail Creek Circle in Dublin has new owners.

Other nearby houses have also been recently purchased at high prices per square foot. [ more ]

www.mercurynews.com

Detached house sells for $2.8 million in Palo Alto

Property on Paul Avenue sold for $2.8 million

Recent sales of homes in Palo Alto [ more ]

moreproperty-sales

home prices

Boston Condos For Sale Ford Realty

5 months ago

That Happened. Okay, Now What? Boston Condos For Sale Ford Realty

Boston condo market facing challenges in 2023 with low inventory and rising interest rates

Experts forecast stable or slight increase in home prices for 2024 [ more ]

Austin Monitor

5 months ago

Austin

Amendments, memos point to finer steps for implementing HOME initiative - Austin Monitor

City staff analysis supports the HOME initiative to increase housing stock in Austin

Adding more housing options can help address the high home prices and improve access to community assets [ more ]

Los Angeles Times

7 years ago

LA real estate

Midcentury-modern's appeal is simple: It fits the SoCal lifestyle

Palm Springs is known for its midcentury-modern architecture, which is still in high demand due to its appeal and fitting the California lifestyle.

Midcentury-modern homes tend to sell for 25% more than standard homes, and the style requires high-quality finishes and materials. [ more ]

Los Angeles Times

30 years ago

San Francisco

Large Home or Small, the View Is Grand : San Rafael: Hilly vistas, trees and animals in small section of Pasadena make residents forget they live near metropolis.

The Bauman couple found their dream house in the San Rafael section of Pasadena at a lower price after a year of sluggish house sales.

The San Rafael area in Pasadena offers a variety of homes ranging from two bedrooms to six bedrooms, with prices ranging from $250,000 to $1.8 million. [ more ]

Los Angeles Times

37 years ago

LA real estate

New Community Overlooking Ocean Opens in San Clemente

Marlborough Seaview Estates is a new community with 122 homes overlooking the ocean in San Clemente.

The houses range from 1,849 to 2,275 square feet and are priced between $176,990 and $209,990. [ more ]

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www.housingwire.com

3 days ago

Business

U.S. mortgage holders post record levels of home equity: ICE

U.S. home prices continued to rise due to housing shortage, benefiting existing homeowners with record equity levels. [ more ]

Miami Herald

Miami

Here are 10 neighborhoods with the priciest houses in the nation. Florida is on the list

Florida and California have the priciest homes in the U.S. [ more ]

Miami Herald

Miami

What's happening with housing costs in Miami and Broward? Look at the changing numbers

Housing prices in Miami-Dade and Broward counties have reached an all-time high.

Sales of single-family homes and condos in South Florida have shown varying trends in terms of prices and inventory. [ more ]

Miami Herald

Miami

How are home prices influencing South Florida buyers? More are coming back

Home prices in South Florida are rising, but this hasn't deterred buyers.

Cash is the preferred payment option for many buyers in South Florida. [ more ]

Irish Independent

2 weeks ago

Data science

Cost of typical home went up by 20,000 in a year due to supply squeeze

Median home price in Ireland rose by €20,000 this year, reaching €330,000 in the first quarter due to lower inventory and high demand. [ more ]

www.housingwire.com

Data science

Why are exiting home prices rising when sales are still so low?

Home prices continue to rise despite higher inventory and mortgage rates. [ more ]

www.housingwire.com

4 weeks ago

Data science

New mortgage data shows lean times for originators, tight wallets for buyers

Homebuyers paid significantly higher interest rates in 2023 compared to 2022.

Tight housing inventories and record-high home prices were influenced by the increase in mortgage rates. [ more ]

Sacramento Bee

California

$247K for a house in California? $2.1M? See latest list of cheapest and priciest counties

Home prices in California are on the rise with the median sold price of existing single-family homes increasing by 6% from February. [ more ]

Boston.com

Median sales price in Greater Boston jumps by double digits

Limited inventory in the housing market is driving up prices, making it challenging for home buyers to find affordable options. [ more ]

Boston Condos For Sale Ford Realty

Monthly Mortgage Payments Hit An All Time High Boston Condos For Sale Ford Realty

Monthly mortgage payments reached an all-time high of $2,747, primarily due to increasing home prices and continued high mortgage rates. [ more ]

Boston Condos For Sale Ford Realty

Home Prices Have Risen Twice As Fast As Inflation For 60 Years Boston Condos For Sale Ford Realty

Home prices in the U.S. have outpaced inflation by over twice since 1963.

Income growth has not kept up with the increase in home prices, leading to a significant rise in the home-price-to-income ratio. [ more ]

Boston.com

Cute homes for under $500k not far from the commuter rail

Home prices in Greater Boston are expected to continue rising even if interest rates dip in 2024.

There are still affordable options for prospective buyers who want to stay within Boston's reach. [ more ]

www.cbc.ca

Canada news

Home sales and prices edging up as housing market 'could get interesting,' reports say | CBC News

The Canadian housing market is showing signs of increased activity, with rising home prices and sales, leading to an interesting future for buyers and sellers. [ more ]

www.cbc.ca

Canada news

February home sales dipped 3.1% while prices stayed flat, CREA says | CBC News

February home sales decreased by 3.1%.

Home prices remained stable. [ more ]

SFGATE

4 weeks ago

Biden's Student Loan Relief Plan Could Slash Millions in Interest-and Help (and Hurt) First-Time Homebuyers

Debt relief for student loans may boost housing market by aiding in down payments and increasing purchasing power.

Critics caution that the increased buying power could lead to higher home prices due to limited housing supply. [ more ]

SFGATE

Mortgage Rates Jump Right as Home Prices Drop, Offering Buyers a Mixed Bag

Mortgage rates rose slightly, sparking concerns for homebuyers in the spring housing market.

Despite the rate increase, there are positive signals in the spring market with more options at similar prices compared to last year. [ more ]

SFGATE

US home-price growth picks up with 'healthy gains' across cities

Home prices in the US grew at the fastest rate since 2022, putting pressure on buyers.

Inventory remains low, keeping prices high despite recent rise in homes listed for sale. [ more ]

SFGATE

Existing-Home Sales Surge in a Positive Sign for This Year's Housing Market

Sales of existing homes surged 9.5% month-over-month, driven by lower mortgage rates.

Home prices rose 5.7% annually to a median of $384,500, marking the eighth consecutive month of increases. [ more ]

SFGATE

Why Biden's Proposed $400 a Month Tax Credit for Homebuyers Could Make It Even Harder To Buy a Home

Biden proposes tax credits for homebuyers could lead to higher prices

Potential concern over increased demand impacting home prices [ more ]

SFGATE

Looking for a Deal? Check Out the 10 Housing Markets Where Home Prices Are Falling the Most

Home prices fell in certain U.S. markets, providing opportunities for buyers.

Miami experienced an 8.2% decline in median home list prices, leading to more affordable options. [ more ]

www.mercurynews.com

Single-family home sells for $3.4 million in Palo Alto

Variation in home prices in Palo Alto

Recent home sales in Palo Alto [ more ]

www.mercurynews.com

Single family residence sells for $2.5 million in San Ramon

The property on Murdock Way in San Ramon was sold for $2,501,000, at $816 per square foot.

The house features 4 bedrooms, 3 bathrooms, a central A/C, an attached 3-car garage, and a pool in a 6,846 square feet lot. [ more ]

www.mercurynews.com

Which 10 Danville, San Ramon, Dublin, Pleasanton homes had the best prices the week of March 4?

The most affordable real estate sale in Danville was a house sold for $1.4 million.

The average price of real estate in Danville, San Ramon, Dublin, Pleasanton last week was $2.3 million. [ more ]

www.mercurynews.com

Single family residence sells for $2 million in Danville

Spacious property with 5 bedrooms and 6 baths sold for $2,010,000 in Danville.

Nearby homes in Danville sold for varying prices per square foot. [ more ]

www.mercurynews.com

Dragging Bay Area home sales sink to 15-year low in 2023

Bay Area home sales hit lowest levels since 2008 due to high mortgage rates and low supply.

Sellers hesitated to put their homes on the market, causing a lack of supply despite high demand. [ more ]

www.mercurynews.com

Five-bedroom home sells for $3.1 million in San Jose

Spacious house in San Jose sold for $3,130,000 with a price per square foot of $1,456.

Neighboring homes in the area have also recently been sold with varying price per square foot. [ more ]

SFGATE

Wait, What? Things Are Looking Up for Home Buyers?

2024 is expected to be a better year for home buyers with improvements in mortgage rates, home prices, and availability of homes for sale.

Mortgage rates have already started to drop and are expected to fall further in 2024. Consumers are optimistic about this trend. [ more ]

SFGATE

Wealthy Calif. city just topped a list usually reserved for affordable locales

Santa Barbara, California is the top emerging U.S. housing market, despite its high prices.

The median home price in Santa Barbara is $1.8 million, up 48.1% from the previous year. [ more ]

SFGATE

Looking for a Fixer-Upper? Here's Where To Find Them-and How Much You'll Pay

Buying a fixer-upper can be a financially savvy route to homeownership in a challenging real estate market.

About one in 20 listings across the country hint at a need for work, repair, or renovation. [ more ]

New York Post

NYC real estate

Home prices hit record high in November amid sagging inventory

Home prices rose for the 10th consecutive month in November as housing inventory remained low.

Prices increased 5.1% nationally in November compared to the previous year. [ more ]

SFGATE

Hoping To Buy a Home in 2024? Here's Where Prices Have Been Rising-and Falling-the Most

Home prices continued to rise across the country in 2023, with a 1.2% increase in median list price and a 3% increase in median price per square foot.

Certain regions, such as New England and the Upper Midwest, saw steady home price growth, with increases of 10-11% in some states. The Mountain West and Texas experienced a slowdown in price growth, with increases of 4.5% and 1% respectively. [ more ]

Entrepreneur

Business intelligence

34 Cities Where Home Prices Are Predicted to Fall in 2024 | Entrepreneur

Zillow predicts home prices will fall in 34 of the largest US cities from November 2023 to November 2024.

The main issue in the US housing market is a lack of demand, which is starting to push prices down as sellers lower their asking prices. [ more ]

SFGATE

4 months ago