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6.21.25
House prices in the United States have hit a record high, according to real estate company Redfin. The median U.S. home-sale price reached a new record of $396,500 during the four weeks ending June 15, according to a report from real estate brokerage Redfin. This is a 1 percent increase compared to the same time last year, even though overall activity in the housing market remains low. Home-sale prices usually peak in June or July, but this year's market is much less competitive than in recent years, Redfin says. The total number of homes for sale has increased 14.5 percent from a year ago, and new listings are up 4.4 percent. However, demand is falling: pending sales are down 1.5 percent compared to last year, and mortgage-purchase applications dropped 3 percent just last week. Meanwhile, the median monthly housing payment is close to record levels, only $53 less than its highest ever, showing that many buyers still face big challenges affording a home.
I was reading they are dropping quite a bit in Florida. Move in before hurricane season!US home prices hit record high
Home prices skyrocketed across the country during the COVID-19 pandemic.www.newsweek.com
Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.
Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.
Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
I was reading they are dropping quite a bit in Florida. Move in before hurricane season!
Maybe. But with their recent rulings on making sure condos are up to snuff and increased insurance rates along with increased climate issues I think they are more vulnerable after the covid surge. Nice place to visit, a little different actually living there.Real estate is local/regional, not national. Inventories are increasing, and Florida's likely a bellwether state.
My hunch? The next recession has gotten underway.
Time to cut down the forests so the government can provide more housing because we all know how much republicans care about their neighbors.US home prices hit record high
Home prices skyrocketed across the country during the COVID-19 pandemic.www.newsweek.com
Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.
Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.
Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
I also hear talk of giving Gaza five hundred million for humanitarian aid, while trying their best to cut food stamps of their own constituents.US home prices hit record high
Home prices skyrocketed across the country during the COVID-19 pandemic.www.newsweek.com
Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.
Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.
Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
Something else Trump promised to fix and hasen't.
I truly believe affordable housing shortage, would have been the winning issue for either side in 2024 and will stay the winning issue. Instead we got all caught up on the price of eggs, protecting democracy, abortion and which dementia patient was worse. .US home prices hit record high
Home prices skyrocketed across the country during the COVID-19 pandemic.www.newsweek.com
Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.
Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.
Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
No one can afford to buy a home in Florida with mortgages at 7%. There are nearly 200,000 homes on the market here.I was reading they are dropping quite a bit in Florida. Move in before hurricane season!
LOL You forgot that men competing in women's sports was destroying our nation and that was what got Trump elected....I truly believe affordable housing shortage, would have been the winning issue for either side in 2024 and will stay the winning issue. Instead we got all caught up on the price of eggs, protecting democracy, abortion and which dementia patient was worse. .
This issue is very complicated to solve with lots of moving parts, but the party that can sell the voters the idea that their plan will increase low income housing units in cities to get the homeless off the streets and cut back on home prices/mortagages and skyrocketing rents so that working Americans can afford to live where they need to live, will be the party that wins elections.
Harris had a plan, but nobody was really talking about the plan, because we all decided this was the abortion rights election and the' protect Democracy election' and we were wrong.
Harris had a plan, but nobody was really talking about the plan,
7% is not that terrible. Only compared to the extremely low rates of the past decade or so. My parents had a mortgage well over 10%.No one can afford to buy a home in Florida with mortgages at 7%. There are nearly 200,000 homes on the market here.
Actually, house prices are down 6% from the actual record highs set 2½ years ago.US home prices hit record high
Home prices skyrocketed across the country during the COVID-19 pandemic.www.newsweek.com
Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.
Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.
Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
This is not your parents economy and we are coming out of a period with record low mortgage rates too. The 80's had 15% rates and that was also disastrous for home sales.7% is not that terrible. Only compared to the extremely low rates of the past decade or so. My parents had a mortgage well over 10%.
And they will keep coming down as long as mortgage rates are high. It still will not boost sales by much. I would bet that most sales today are by hedge funds and speculators paying cash.Actually, house prices are down 6% from the actual record highs set 2½ years ago.
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Again a silly ridiculous issue took time away from some serious American concerns. Haitians in Springfield Ohio were catching and eating pet cats. At least Harris and Trump spent time on that issue in their debate.LOL You forgot that men competing in women's sports was destroying our nation and that was what got Trump elected....
That's real funny, cuz I live both sides of the Sierras, girlfriend on Ca. side, a real shithole. Here's how shit works. Ca. is for sale, and they're selling out their citizens in favor of foreigners and Companies with big bucks. It's just that simple, evidence everywhere, including the exodus and buying here, in Nevada. My plot is highly desirable, and expensive, and on the rare occasion a local does come up for sale, it's Ca. every time, my three fence lines included, they got so much money to blow, unreal, landscapes as much as 600K, pools, RV garages etc. Big $ would gut the interior, I'd be a fool to spend a dime beyond maint, they'd pay me the same either way. I paid 236K in 2001. To get what I got today runs 1M+, and that's before considering the area, but where the fks else am I supposed to live, and hard to walk away from the yard I built, for starts, everything as I want it, and peaceful.US home prices hit record high
Home prices skyrocketed across the country during the COVID-19 pandemic.www.newsweek.com
Instead of addressing significant housing problems here at home, Trump is busy warmongering on Iran to help his buddy Netanyahu.
Huring the construction industry are ICE immigrant deportations, and Trump tariffs that affect the prices of Canadian lumber, copper, gypsum, aluminum, iron and steel.
Trump’s First 100 Days in Office Deliver Little Progress on Solving the Housing Crisis
And they will keep coming down as long as mortgage rates are high.
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