GoKawiil
Tech News
ResiClub's latest analysis finds 54 major housing markets across the U.S. still showing year-over-year home price drops, though that count has fallen from a year earlier. The report questions whether a recent rise in mortgage rates could halt or reverse this cooling trend.
Luxury housing prices have declined for 29 consecutive months across every high-end price tier, according to new market data. Despite the extended price slide, luxury homes are now selling faster than they did a year ago, suggesting buyer demand remains resilient even as sellers accept lower prices.
A new ranking of college towns identifies five markets where median asking home prices remain below $120,000, far under the roughly $400,000 national median. Most of these affordable areas are located in regions with harsh winters or extreme summer heat, which appears to keep demand—and prices—lower.
New housing data shows list prices falling across 36 of the 50 largest U.S. metro areas as autumn approaches, with Austin, Tampa, and Memphis registering the steepest drops. The pace and severity of price cuts vary widely by region, forcing many sellers to lower their expectations.
Homebuilders in several booming Southern housing markets have ramped up construction so aggressively that newly built homes are now priced at or below comparable existing homes. This reverses the usual pattern where new construction commands a premium over older housing stock.
An analysis by Lance Lambert's ResiClub identifies 64 major metropolitan housing markets where home prices are lower than they were a year earlier. The number of metros in decline has held roughly steady over the past year after an earlier wave of softening, even as the overall national housing market remains sluggish.