home prices

One reason? More inventory.

A Realtor.com report finds that both the price and square footage of newly built homes are decreasing in about a quarter of the 100 largest metropolitan areas.

Prices are now rising fastest in the Northeast, and slowing in some Sunbelt markets that saw big spikes early in the pandemic.

Cleveland, Milwaukee and Philadelphia saw the biggest rises. The Midwest remains a relative haven of affordability.

Stabilizing interest rates and moderating home prices are among the positive predictions in the Realtors’ report. Some see risks to that scenario.

Prices in New York and Las Vegas both grew more than 8% last month, according to the Case-Shiller Index.

Consumers enjoying a buoyant stock market and high house prices may feel inclined to spend more, but how much more is uncertain.

From 1984 to 2023, the median cost of a new home rose from $79,900 to $417,700, more than double the rate of overall price inflation.

But suburban owners still want to be close to downtown amenities.

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.