Affordability remains one of the largest hurdles the housing market faces, and no state struggles more than California. A new report from Attom found 16 of the 50 highest risk markets — those more vulnerable to declines in home affordability, equity and other measures — were in California, followed by nine in New Jersey, four […]
California tops list of riskiest housing markets Read More »
California has made significant efforts to address housing affordability through numerous new laws under Gov. Gavin Newsom. Candidates seeking to replace the term-limited Newsom, however, act as if little has been accomplished. The laws lacked swift, decisive enforcement to push the affordable goal, according to California billionaire Tom Steyer, a former presidential candidate and the
Housing affordability dominates California gubernatorial race Read More »
Bright MLS expects the U.S. housing market to enter a transitional period in 2026, with slightly lower mortgage rates and rising inventory offering some relief to buyers but not enough to fuel a full recovery. The nation’s largest multiple listing service (MLS) released its annual forecast Wednesday — describing a market shaped as much by
Bright MLS forecasts 2026 as reset year, not a rebound Read More »
A new report expects housing affordability to notably improve by the end of next year with income growth outgaining the average increase in home prices. First American’s September Real House Price Index anticipates that affordability will improve by 3% on a year-over-year basis by the end of 2026. “Affordability remains challenging, but for the first
Economist says income growth will boost home affordability Read More »
Pricier metropolitan areas are posting a noticeable slowdown as high-end homes take longer to sell. The top 10% of metro markets — those with median prices above $666,464 — recorded a 2.5% year-over-year price decline in October, HousingWire Data shows. Average home prices in these metros fell from $1.04 million to $1.01 million, marking a
High-end metros see price drops, longer selling times Read More »
U.S. Federal Housing is boosting the conforming loan limits by 3.26% for 2026 based on the annual change in home prices using an expanded data set. The new limit of $832,750, is an increase of $26,250 from the 2025 limit of $806,500. The high-cost ceiling for one-unit properties will be $1,249,125, which is 150% of
U.S. Federal Housing raises 2026 conforming limits over 3% Read More »
The U.S. housing market continues to show signs of cooling as listing prices ease and inventory levels remain steady, according to most recent HousingWire data. As of Nov. 14, the median list price stood at $429,900, while new listings are entering the market at a median of $395,000. Homes are spending an average of 118
Cooling home prices, stable inventory as buyers gain leverage Read More »
Existing home sales posted another positive year-over-year print in October, marking the 4th straight month of year-over-year growth. Earlier in the year, I predicted that existing home sales would perform better than expected amid elevated mortgage rates. Since we were working with some of the lowest year-over-year comparisons in history from 2024, I anticipated growth
Existing home sales show 4 months of year-over-year growth Read More »
Despite increasing home prices, homebuyer affordability improved in October on the back of year-low mortgage rates, the Mortgage Bankers Association said. The national median payment for purchase applicants fell nearly $30 to $2,039 last month compared to September, according to the MBA’s Purchase Applications Payment Index. That’s down $88 from a year ago and $61
Homebuyer affordability improves for fifth straight month Read More »
While much of the U.S. housing market faces affordability pressures and elevated mortgage rates, the luxury sector continues to expand. A new Mordor Intelligence report projects the high-end residential market will exceed $338 billion by 2030, up from roughly $289 billion today. The firm reports that although the West accounted for a third of luxury
Luxury real estate market projected to exceed $330B by 2030 Read More »