Home Values

U.S. Home Prices in August Were Up 1%

October 27th, 2021
Nationwide, home prices increased in August by 1% compared to July. According the latest Federal Housing Finance Agency House Price Index (FHFA HPI®), year-over-year, home prices increased 18.5%. “Annual house price gains remained extremely high in August but the pace...

Tampa Ranks Top of Zillow’s 2022 Hottest Markets List

January 4th, 2022
The Sun Belt is in for another heated year of real estate, according to the latest report from Zillow, which ranks the top markets for 2022. All ranked states will likely face tight inventory, rising prices and strong competition, according...

Home Prices Continue Their Ascent

November 5th, 2021
The median home price for single-family properties and condos has increased to $294,488. And since the pandemic hit in March of 2020, there’s been significant property appreciation across the board, with home values increasing, on average, by more than $41,000,...

2022 Could See Another Home-Buying Frenzy

January 6th, 2022
The winter market is heating up as buyers keep a watchful eye on interest rates— expected to rise over the next year—despite a continuing inventory shortage keeping prices and competition high. According to realtor.com®’s recent Monthly Housing Report, December saw...

Most Metro Areas Saw Double-Digit, Home-Price Growth in Q3

November 10th, 2021
Median sales prices for existing, single-family properties increased in the third quarter of 2021, primarily driven by high homebuyer demand and persisting supply shortages, according to the latest quarterly report from the National Association of REALTORS®. The report also found...

Report: Inventory Down More Than 40% From Pre-Pandemic Level

January 20th, 2022
As the consumer shopping season wound down in December, real estate demand remained high amidst staggeringly low inventory. Zillow’s latest market report showed housing inventory is down 40.5% versus December 2019—just a few months before the COVID-19 pandemic began. The...

Regional Spotlight: Florida’s Median Prices March Forward

November 26th, 2021
Florida’s housing market showed higher median prices, more cash sales and tight inventory levels in October compared to a year ago, according to Florida REALTORS® latest housing data. “In markets across the state, the for-sale inventory continues at low levels,...

Overall Housing Stock Value Exploded in 2021

January 28th, 2022
In another sign of historically unprecedented growth in real estate, a new report from Zillow found that U.S. housing stock added $6.9 trillion in value in 2021—a single year record—fueled by runaway home appreciation and pandemic-driven new construction. Gaining a...

Regional Spotlight: Northern Virginia Homes Prices Climb as Inventory Drops

November 29th, 2021
Differing from the nation’s overall housing market, home sales in Northern Virginia were down slightly in October from September; however, prices continued to grow while inventory shrank from October 2020, mirroring the national market, according to the Northern Virginia Association of REALTORS® (NVAR)....

Upward Trend in Annual Home Price Appreciation Continues

February 1st, 2022
Consumer demand coupled with low residential inventory created one of the hottest housing markets in decades last year. It was a record-breaking year for home price growth. According to new data from CoreLogic’s Home Price Index (HPI) and HPI Forecast for December 2021,...
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