Home Values Grow at Slowest Annual Pace in 15 Months (January 2018 Market Report)
January saw the slowest growth since November 2016 and follows a year in which homes regularly gained more than 7 percent from the prior year – including a 7.6 percent jump in May 2017, the fastest pace since June 2006 in the midst of the housing bubble.
What If the Housing Bust Didn’t Happen?
If the recession and housing bust had never happened, the median U.S. home would have been worth about $214,500 as of the end of 2017 -- $8,200 more than the actual value of $206,300.
For a Quarter More: Why 1 in 4 U.S. Home Sales in 2017 Sold Above List Price
Roughly a quarter of U.S. home sellers got more from their home than they asked for last year – in some cases, much, much more. Nationwide, buyers paid more than the asking price on 24.1 percent of home sales in 2017, netting sellers an additional $7,000 on average over their initial offering price.
Total Value of All U.S. Homes: $31.8 Trillion. How Big Is That?
It's more than 1.5 times the Gross Domestic Product of the United States and approaching three times that of China. Total U.S. home values have grown $1.95 trillion over the past year -- more than all of Canada's GDP or two companies the size of Apple.
California Wildfires Force Thousands to Find Housing in Already Tight, Pricey Region
The California wildfires raging throughout Napa Valley wine country have inflicted millions of dollars of property damage in some of the nation’s priciest communities and forced thousands of displaced families to seek new living arrangements in already limited local real estate markets.
Bremerton’s Affordable Housing Just Got Closer to Seattle – But There’s a Catch
A new high-speed ferry service connecting downtown Seattle with the city of Bremerton promises to make a number of more-affordable communities accessible to Seattle home shoppers. But because Bremerton isn’t part of the Greater Seattle market, some borrowers seeking even relatively affordable homes may need to do some potentially costly mortgage gymnastics to make their home purchase in and around Bremerton work.
Climate Change and Housing: Will a Rising Tide Sink All Homes?
Typically when we talk about “underwater” homes, we are generally referring to negative equity. But there is, of course, a more literal way a home can be underwater: Rising sea levels, and the flooding likely to come with them, could inundate millions of U.S. homes worth hundreds of billions of dollars.
How the Bay Area Bounced Back From the Dot-Com Bust
The lesson for Bay Area homeowners: Homes priced toward the bottom end of the market offer less risk and are likely to recovery more quickly if the area’s housing market temporarily declines. For the rest of us: All market declines are not created equal. Even 35 months doesn’t seem like a long recovery when the alternative is a decade.
Dismal Growth in Coal Country Home Values
Coal mining jobs stood at 57,919 in the middle of 2016, down a devastating 61.4 percent from 1990. And home values in coal-mining counties have been stagnant in recent years.
January 2017 Market Report: The Rest Overtake the West
In January, U.S. median home value growth continued to accelerate year-over-year, the 22 month out of the past 23 in which annual growth was similar to or faster than the prior month. But while the national trend has remained roughly the same for two years, a slowdown in growth in a handful of pricey West Coast markets, particularly in California, has opened the door for more affordable markets in the South to top the list of the nation’s fastest-growing metros.
