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Profits from sales of median-price homes fell slightly last year, but are still pretty huge

Jan 25, 2024
People who sold a median-price home last year made more than $120,000 in profit on a typical sale, according to a new report out today from the property data company ATTOM.
High home sale profits might be a sign that the market is starting to normalize.
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Home prices aren't guaranteed to skyrocket this year

Jan 19, 2024
Housing demand has been improving in recent months, as mortgage rates have ticked down. And while that's putting upward pressure on home prices, there are a few factors that could keep a lid on home price appreciation.
One factor that's already been increasing housing inventory is new home construction.
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Owning a home now takes a bigger chunk of Americans' incomes

Dec 21, 2023
A report out Thursday from the real estate data firm ATTOM finds that a home, and all its related costs, now eat up about 34% of the average wage nationwide.
A new ATTOM report shows that homeownership costs take up roughly 34% of the average wage nationwide — more than lenders advise homeowners to spend.
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With high prices and interest rates, homebuyers feel the pressure

Dec 8, 2023
Realty firm Redfin said homes are less affordable than at any time since they started tallying the numbers 11 years ago.
Someone with median income would need to spend more than 40% of their monthly wages to afford the median home this year, a new report by Redfin shows
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What we can learn from U.S. cities where homelessness is trending downward

Towns making progress, an overwhelmed system, affordable housing — here’s what to expect ahead of new federal data on homelessness.
"What the data tells us over and over again is that homelessness rates are driven primarily by the housing market," said Ann Oliva, CEO of the National Alliance to End Homelessness.
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First-time homebuyers are older these days

Nov 21, 2023
The median age of first-time homebuyers is now 35 — up from 29 in 1981. And the median age of all homebuyers is now 49 — up from 31 in 1981.
The longer people have to wait to become homeowners, the more pressure there is on the rental market, says Daniel McCue with Harvard’s Joint Center for Housing Studies.
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Who wins in today's housing market?

Aug 29, 2023
Prices are rising, rates are climbing and supply is dwindling. That puts people who already own a home ahead.
For renters looking to buy their first home, "it's tough right now," said Thomas LaSalvia with Moody's Analytics.
Andrew Caballero-Reynolds/AFP via Getty Images

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The rise and fall of home prices across America

Jul 25, 2023
Property values are generally down from the same time in 2022, but they have been rising in recent months and vary regionally.
Prices of existing homes started rising again in February, even though the Federal Reserve has been raising interest rates.
Saul Loeb/AFP via Getty Images

Whitewashing: the rewritten past of a home

Jun 28, 2023
Families of color must often take extreme measures to show the value of their home.
After the experience with her parents house, Jillian White says she doesn't know if she'd whitewash a home again.
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High mortgage rates, high demand, high home prices

Jun 28, 2023
The Case-Shiller National Home Price Index rose half a percent in April — a third-straight monthly increase.
The spike in mortgage rates has encouraged a lot of would-be sellers to stay put, putting a further squeeze on the housing market.
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