Category: Home Prices
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After more than a year of headlines talking about how home prices are going to crash, the latest data shows that price growth may be starting to pick back up again. And depending on whether you’re buying or selling, that shift means something different for you.The Numbers May Be Starting To TurnFor the past couple of years, home price growth has been moderating – cooling from around 7% in mid-2024, according to Redfin (see graph below). But look at the right side of that graph. The pace of that growth appears to have hit its low point and started to turn.While a couple months of data...
Selling a Luxury House? Here’s Why Now Is a Good Time
If you own a luxury house, you’re in a stronger spot than most sellers right now. While much of the market has cooled, the high-end tier hasn’t. Sale prices and buyer demand are both up. So if you’re considering selling, now could be a great time to make your move.Luxury Is Leading on PriceLet’s start with prices. But before we get into it – what actually counts as a luxury home? Generally, these are homes in the top 5% price range for the area, so it varies depending on where you live.But what’s interesting is that according to the latest data from Redfin, sale prices for...
More Homes, Better Prices: A Buyer’s Summer
If you’ve thought about buying a home in the past few years, you may have run into two frustrations: asking prices that kept climbing and too few homes to choose from.In many places, both sticking points are letting up this summer, with lower asking prices and more homes for sale. Let’s look at the trends, and what they mean for your search.Sellers Are Pricing To Attract BuyersAccording to Realtor.com, the national median asking price was $430,000 in June, nearly $11,000 under what it was the year before (see graph below):That’s the eighth month in a row that the typical asking price has...
Don’t Let Home Prices Headlines Fool You
Spend about 5 minutes online searching for news about the housing market, and odds are you’ll see something pop up about home prices. You may even stumble onto social media influencers saying we’re headed for a crash. Let’s get you the context you need.The truth is prices are going to vary depending on where you live. But they’re not crashing.Here’s what you need to know.The Local Perspective: Home Price Trends by AreaThe biggest thing feeding into the confusion online is how different home price trends are by area right now. Take a look at this data from ResiClub and Zillow (see...
Top 3 Reasons To Buy a Home Before Spring
If you’re planning to buy a home this year, you may be focused on the spring market. And hoping that when spring does hit, you’ll see:Mortgage rates drop a little more.More homes hit the market.But here’s what most buyers don’t realize. Buying just a few weeks earlier could mean paying less, dealing with less stress, and feeling less rushed.Here are three reasons why accelerating your timeline over the next few weeks could actually be a better play.1. Holding Out for Lower Rates May Not Pay Off A lot of buyers are hoping mortgage rates will fall even further. But that’s not the best...
Expert Forecasts Point to Affordability Improving in 2026
Wondering what to expect from the housing market in 2026? You’re not the only one. For the past few years, affordability has been the biggest barrier standing between most people and their next move. And a lot of buyers and sellers have been holding their breath waiting for things to get better. The good news? It’s finally happening.In 2025, affordability was the best it’s been in 3 years. And experts agree the momentum will keep going in 2026. And that’s based on their analysis of the key factors shaping the housing market in the year ahead: mortgage rates, inventory, and home prices.Lower...
Headlines Have You Worried about Your Home’s Value? Read This.
Hearing talk about home prices falling? That may leave you worried about whether your house is losing value. But here’s what you need to know. While some local markets have seen small price dips this year, home prices are not falling nationally. So, don’t let the headlines scare you.The vast majority of the country is actually seeing prices rise.While that may feel surprising after the headlines you’ve seen, the map below uses year-over-year data from the Federal Housing Finance Agency (FHFA) to make that clear:Let’s break down what this really shows.Most states are seeing prices rise (the...
The Reason Homes Feel Like They Cost So Much (It’s Not What You Think)
Scroll through your feed and you’ll see plenty of finger-pointing about why homes cost so much. And according to a national survey, a lot of people believe big investors are to blame.Even though data shows that’s not true, nearly half of Americans surveyed (48%) think investors are the top reason housing feels so expensive (see graph below):But that theory doesn’t actually hold up once you look at the data.The Truth About InvestorsInvestors do play a role in the housing market, especially in certain areas. But they’re not buying up all the homes like so many people on social media...
Is the Housing Market Going To Crash? Here’s What Experts Say
If you’ve seen headlines or social posts calling for a housing crash, it’s easy to wonder if home values are about to take a hit. But here’s the simple truth.The data doesn’t point to a crash. It points to slow, continued growth.And sure, it’s going to vary by local area. Some markets will see prices rise more than others. And some may even see small, short-term declines. But the big picture is: home prices are expected to rise nationally, not fall, over the next 5 years.The Real Story Is in the Expert ForecastsIn the Home Price Expectations Survey (HPES) from Fannie Mae, each quarter over...
2026 Housing Market Outlook
After a couple of years where the housing market felt stuck in neutral, 2026 may be the year things shift back into gear. Expert forecasts show more people are expected to move – and that could open the door for you to do the same.More Homes Will SellWith all of the affordability challenges at play over the past few years, many would-be movers pressed pause. But that pause button isn’t going to last forever. There are always people who need to move. And experts think more of them will start to act in 2026 (see graph below):What’s behind the change? Two key factors: mortgage rates and home...