Tag Archives: Median Home Prices

Pick a Number — Existing Home Sales November 2019

In this day and age of mathematical precision and faster-than-light calculation speeds, answering the question as to existing home sales numbers and direction almost makes one stutter.   The following bullets summarize November existing home sales statistics.  Pick a number — pick any number — and what you saying is probably  correct.  Each of these data …Read more

Another Top-10 List — Highest Gaining (and Losing) Median Home Price Metropolitan Statistical Areas Q3 2019

While the U.S. has seen all-time record-high employment, the lowest unemployment rate in 50 years, and rising wages, home sales stuttered in 2018 and the first half of 2019 due to affordability.  Home price  increases in the past decade have out-sprinted income gains, negatively impacting affordability. Prices changes are not uniform nor consistent across the …Read more

U.S. Homeownership Rate by State

Not only is homeownership the key component of the American Dream, the home is the largest store of wealth for the majority of American families.  Good news is that homeownership is increasing in the U.S. once again.  After the U.S. homeownership rate peaked at 69.2 percent in 2004 (driven by the unthrottled availability of subprime …Read more

Median Single-Family Home Price Gains Q2 2019

Falling interest rates have, at least for now, taken off some of the pressure of rising home prices in the affordability equation.  The U.S. quarterly existing single-family median home price rose to a record $279,600 in Q2 2019, a 12-month gain of 4.3 percent according to the National Association of Realtors® (NAR). The following table …Read more

Affordability Erosion Grows Continues to Impact Existing Home Sales — Down 2.2 Percent Year-Over-Year, Price Up 4.3 Percent

Existing home sales dropped 2.2 percent in June 2019 compared to a year ago coming in at 5.27 million on a seasonally adjusted annualized rate (SAAR) as reported by the National Association of Realtors® (NAR).  Sales were down 1.7 percent sequentially from May.   Total sales in June (raw, not seasonally adjusted) came in at 527,000, …Read more