home prices

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More US Homeowners Underwater on Mortgages

Wall Street Journal reports on the uptick in 'pandemic boomtowns'

(Newser) - The Wall Street Journal reports on a growing—and unwanted—trend among homeowners. More of them are now underwater on their mortgages, meaning they owe more than their home is worth. The story makes clear that the number of affected homeowners is still relatively small, but it exceeded 500,000...

Cities Where Homes Cost Under $300K
Cities Where Homes
Cost Under $300K
May 24, 2025 2:00 PM CDT

Cities Where Homes Cost Under $300K

Detroit and Cleveland top the list

(Newser) - In lots of big cities, the cost of a new home has ballooned beyond the point of affordability for many. It's still possible, though, to buy for under $300,000 in places around the country, and the real estate brokerage firm Redfin is out with a ranking. It turns...

Minnesota, Rhode Island Join Unwanted Club on Home Prices

They now have cities where starter homes cost at least $1M, according to Zillow

(Newser) - The typical "starter home" in the US costs a not-so-staggering $192,000. But a new Zillow analysis shows that it very much depends on where you look—it counts 233 cities in 25 states where a starter home now costs at least $1 million. The 233 figure is up...

What You Must Earn to Afford a Home in America

Individuals need $114K annually to afford a house worth $430K, the national median

(Newser) - Homeownership is receding further out of reach for most Americans, as elevated mortgage rates and rising prices stretch the limits of what buyers can afford. A homebuyer now needs to earn at least $114,000 a year to afford a $431,250 home—the national median listing price in April,...

Spring Home Sales Off to Surprisingly Weak Start

March numbers see biggest monthly decline in 2 years

(Newser) - Homebuyers appear to willing to wait it out on the sidelines even longer: The latest numbers reveal an unexpectedly slow start to the season amid high prices and mortgage rates. The National Association of Realtors said Thursday that existing home sales in March fell 5.9% from February to...

There's One State Where $300K Buys an Average-Size Home

West Virginia is rated the most affordable, while Hawaii is the most expensive

(Newser) - The average new family home in the US is 2,180 square feet—but there's only one state where the average buyer can find a home that size for $300,000, Digg reports. GOBankingRates looked at median home prices per foot in all 50 states and found that West...

Study: Climate Change Will Wipe Almost $1.5T Off Home Values

Rising insurance costs will make homes a lot more unappealing in high-risk areas

(Newser) - Property values in America will take a $1.47 trillion hit from climate change over the next 30 years, according to a new study from First Street. The financial risk modeling company says the net losses will come from "soaring insurance costs and shifting consumer preferences," with Miami,...

Cities Where Home Prices More Than Doubled in a Decade

In Tampa, median home price in 2014 was $145K; today, it's $410K

(Newser) - Home prices across the nation remain out of reach for many—but in some cities, they've more than doubled over the past decade, reports Quartz , citing a Zoocasa analysis of data from the National Association of Realtors. The site looked at median single-family home prices in more than two...

First-Time Homebuyers Keep Getting Older

Median first-time homebuyer age is 38, an all-time high, up 3 years from 2023

(Newser) - The age of first-time homebuyers has shot up to an all-time high. A National Association of Realtors report says the median age in 2024 jumped to 38, up three years from 2023, reports Yahoo Finance . "The first-time homebuyer who can enter into today's market is older, has a...

Home Down Payments Are Cheaper Than Weddings Here

Zoocasa has the stats on where it's cheaper to buy a home than get hitched

(Newser) - There's no shortage of news on how much home prices have risen. But when compared to what people are throwing down to host a wedding these days, investing in a home is actually cheaper in some US cities. Zoocasa looks at how these costs average out across the US,...

Report Illustrates How Sharply Home Costs Have Risen

Americans need to earn six figures in 23 states and territories to afford a house

(Newser) - Anxiety over the US housing market's surging prices is summed up succinctly in a new report from Bankrate . They write that since 2020, the number of households needing to earn six figures to afford a home has skyrocketed from seven states and territories to 23 today. The five highest:...

$1.8B Verdict Could Shake Up the Way You Sell Your Home

Jury found conspiracy among real estate agents regarding commissions

(Newser) - Amid an unforgiving housing market, an apparent win for beleaguered home sellers: A federal jury on Tuesday found the National Association of Realtors (NAR), along with real estate firms Keller Williams Realty and HomeServices of America, conspired to keep home commissions artificially high. They were ordered to pay nearly $1....

'Basic Homeownership' Now Costs a Third of Your Paycheck

Home prices are rising along with mortgage rates, pricing out potential buyers: ATTOM

(Newser) - "Home ownership keeps getting tougher," according to real estate data provider ATTOM, which finds the average American can't afford to buy a home in communities across the country. In a new report , researchers examined median 2022 home prices in 575 US counties and found 99% of prices...

The Era of the Smaller Home Is Upon Us

Square footage is dropping, as are accompanying home prices, as homebuilders try to attract buyers

(Newser) - With the cost of housing so high these days, it's no wonder that many have given up on the idea of homeownership, at least for the time being. Now, homebuilders appear to have hit on a solution of sorts, at least for those willing to embrace minimalism: erecting smaller...

Higher Mortgage Rates Drive Home Prices Down

Index nevertheless shows a monthly increase

(Newser) - For the first time in 11 years, home prices have shown a year-over-year price decline nationally. The S&P CoreLogic Case-Shiller National Home Price Index recorded a 0.2% drop in April, the Wall Street Journal reports. April 2012 was the last time prices had fallen from a year before....

A Win for Couple Who Alleged Racial Bias in Home Valuation

Paul Austin, Tenisha Tate-Austin settle lawsuit with appraisal company, hope to bring change

(Newser) - A Black couple who said the value of their California home increased by almost $500,000 when they had a white friend stand in as the owner have settled a lawsuit with the appraisal company. Paul Austin and Tenisha Tate-Austin of the San Francisco suburb of Marin City will receive...

Home Prices Just Dropped 0.77%. That's Actually Big

It's the largest month-over-month decrease since 2011

(Newser) - It's good news for would-be home buyers, even if it sounds like teeny tiny good news. Home prices dropped 0.77% in July compared to the month prior, marking the first time in three years they've moved in a downward direction, reports CNBC . It's also the biggest...

In These 10 Cities, Open Up Your Wallet to Buy a Home

On the West Coast especially

(Newser) - It's a seller's market, and home prices are booming. The Hill notes that US housing price tags were on an upward climb for decades before COVID, but now that the pandemic is starting to wane, the spike is even more pronounced. Current home prices are coming in at...

Rising Mortgage Rates Throw Complicated Wrench in Market

They make it more expensive to buy but also could lead to lower prices

(Newser) - Mortgage rates on a 30-year loan just clocked in at 4.72%, the highest since 2018, reports the Wall Street Journal . That's up from 3% last summer, which translates into a quite a dent in prospective homeowners' wallets, notes NPR . "It added like $700 a month in monthly...

Home Prices Rose All Over, but in 2 Regions Especially

National home price index jumped 18.8% in 2021

(Newser) - Last year was the best of times for homeowners and the worst of times for those aspiring to own homes, according to a leading measure of home prices in major US metropolitan areas. The S&P CoreLogic Case-Shiller National Home Price Index was up 18.8% for the year, the...

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