Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand

Tech Insider : Economy, Economy
house home price
Home prices fell in several parts of Florida and Texas last quarter.

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Home prices aren't falling in the biggest metro areas for the first time in 2 years, Redfin says

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home for sale sign price reduced

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Mortgage rates spike above 7% for the first time this year as the market adjusts to delayed Fed cuts

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Homebuyers signing a mortgage.
Homebuyers signing a mortgage.

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Housing affordability has improved, but not by much

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home buyers
US homebuyers need to make $114,000 a year to afford a median-priced home, Redfin says.

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Why buying a home isn't likely to get much cheaper even under Biden's housing plan

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buying a home

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The housing market's inventory crisis is finally easing

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Housing market recovery

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The US housing market added $2 trillion in value last year, boosted by a nationwide shortage of homes for sale

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A house with a for sale sign in the front.
The typical US homebuyer’s monthly mortgage payment soared to a record high in April, according to Redfin.

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Spring home buying season is near. Real estate pros say this year's rush could push prices up 5% after a weak 2023.

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housing market neighborhood

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Empty-nest baby boomers won't give up their large homes — and it's hurting millennials with kids

Tech Insider : Economy
Development of single-family homes in Burke, Virginia.
Development of single-family homes in Burke, Virginia.

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24-year-olds are more likely to own homes than millennials and Gen X when they were that age

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A family shopping for a home with a Realtor.
They might not care as much about the milestone, but most adult Gen Zers are out-pacing older generations in homeownership, according to Redfin.

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