News
Oh Dear, Condo Prices already Dropped by 15% to 33% in 24 Bigger Markets, Some Back to Where They'd Been 20 Years Ago
1+ hour, 14+ min ago (600+ words) The price drops are getting relentlessly steeper: In 24 bigger markets, prices of mid-tier condos through April have dropped by 15% to 33% from their respective peaks between 2021 and 2024. Each of the markets is shown in a chart below: 24 mindboggling charts, depicting breath-taking…...
Prices of Single-Family Homes already Down 10% to 26% in these 15 Bigger Cities: Every Market is Different
3+ day, 26+ min ago (569+ words) The major national home price indices roughly agree with each other: For the past months, national home prices barely inched up year-over-year " by less than 1% in April. But this small uptick is composed of big moves up and down in…...
The Most Splendid Housing Bubbles in America: Price Drops & Gains in 33 Big Expensive Cities, April 2026
1+ week, 1+ day ago (532+ words) In 28 of the 33 big and expensive cities we track here, mid-tier home prices in April have dropped from their respective peaks in prior years. In 19 of those cities, the peaks were in 2022; in 7, the peaks were in 2024; and in 2, the…...
Supply of Existing Single-Family Homes Rises to Highest in 10 Years, Condo Supply Highest since 2012, Sales in Deepfreeze
1+ week, 6+ day ago (1146+ words) Sales of existing single-family homes that closed in April seasonally adjusted were unchanged from March, at an annual rate of 3. 64 million sales, near the very bottom of the deepfreeze range that has existed for the past three-and-a-half years, according to…...
Housing Market's Crucial "Spring Selling Season" Is in Tatters
2+ week, 4+ day ago (559+ words) Late last year and early this year, the story was that dropping mortgage rates, powered by big rate cuts from the Fed, would unleash demand in the housing market in the spring " the key spring selling season " and that sales…...
New Single-Family Home Prices Drop Further amid Inventory Glut. But Lower Prices Beget Higher Sales
2+ week, 5+ day ago (901+ words) The median contract price of new single-family homes dropped by 6. 2% year-over-year and by 11. 2% from two years ago, and by 15% from the peak, to $387, 400 in March, the lowest since July 2021 (blue in the chart), according to data from the Census Bureau…...
Gap between Single-Family Rents & Multifamily Rents Widens to Record as Multifamily under Pressure
3+ week, 2+ day ago (662+ words) Asking rents " the rents that landlords advertise for their vacant rental properties " soared during the pandemic. But not in lockstep across different markets. And in some markets, rents have started to decline, while they continue rising in others. And asking…...
Pending Home Sales Still in the Deepfreeze, Drop in the West & Midwest, Tick up in the South & Northeast
1+ mon, 3+ day ago (769+ words) Regionally, pending sales ticked up from near record lows in the South and the Northeast and fell in the West and Midwest. In January, national pending sales had dropped to a record low in the data (which goes back to…...
Condo Prices Dropped by 12% to 31% in 31 Bigger Markets. Some Are where They'd Been 20 Years ago, such as Oakland
1+ mon, 4+ day ago (948+ words) In 31 bigger markets, prices of mid-tier condos through March have dropped between -12% and -31% from their respective peaks. In five of them, prices dropped by over 20%. The 25 most salient of those markets are shown in charts below, plus the City of…...
Home Prices in the Largest European Countries Range from Housing Bubbles to a Market that Fell back to 2010
1+ mon, 2+ week ago (408+ words) In some of the 19 largest countries by GDP in the European Union (EU) and in the European Economic Area (EEA), prices of existing homes of all types have skyrocketed to new highs, led by Hungry (+23. 7% year-over-year), Portugal (+20. 9% year-over-year), and Bulgaria…...