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Mortgage News Daily

Home prices in 20 U.S. cities accelerate the most since 2018

Home prices in 20 U.S. cities gained in July, pushed higher by demand for housing that has been fueled by low mortgage rates. The S&P CoreLogic Case-Shiller index of property values increased 3.9% from 2019, beating the estimate of 3.6%. It was the biggest year-over-year increase since December 2018. The housing market has been an …

Mortgage News Daily

Dallas-area home prices are still headed higher

Dallas had the greatest price gains in more than a year the latest nationwide comparison. But local data shows that area home costs are increasing at an even faster rate. Dallas-area home prices rose by 3.2% in the just-released S&P CoreLogic Case-Shiller Home Price Index. That was less than the 4.8% nationwide home price rise …

Mortgage News Daily

Home prices are more unaffordable in 3Q: Attom Data

About 63% of U.S. counties analyzed by Attom Data Solutions had median home prices that were less affordable than their historical averages in the third quarter. That’s up from 54% of those same jurisdictions one year ago. “In a year when nothing is normal, owning a single-family home has become less affordable to average wage …

Mortgage News Daily

Housing market bounces back, pushes up Chattanooga median prices

Chattanooga, Tenn., home sales continued last month to rebound from the coronavirus-spurred slump in the spring, boosting the median price of homes sold during August to an all-time high. The Greater Chattanooga Realtors association said home sales last month were up 2.4% from a year earlier to 1,057 even as the inventory of homes on …

Mortgage News Daily

U.K. house prices up most since 2016 as Britons seek more space

A boom in the U.K. housing market gathered pace this month as Britons’ pandemic-driven desire for more living space and a tax break on purchases pushed asking prices up by the most in four years. Advertised prices for homes gained 5% from a year earlier, the most since September 2016, property website Rightmove said on …

Mortgage News Daily

Despite outbreak, Austin home prices hit record highs

As the summer home-selling season came to a close, median sale prices — both across Central Texas and within the Austin city limits — reached all-time highs in August, the Austin Board of Realtors said. In its latest report, the board said the Austin-area housing market continued to show strength, despite economic setbacks amid the …

Mortgage News Daily

Harrisburg area homes selling faster and at higher prices

The Harrisburg, Pa., area real estate market has come a long way since it was shut down completely by Gov. Tom Wolf due to COVID-19 back in March and reopened slowly in April and May. In fact, the numbers in August were better than the previous August and in August 2018 for the Greater Harrisburg …

Mortgage News Daily

Home sellers’ asking prices jump 34% in California

Listing prices in California have risen 34% since January as inventory shriveled amid the pandemic. Zillow says the statewide median listing price for all types of existing residences was $735,000 as of Sept. 5 — up 34% since the start of the year. A key reason is owners seeing the heated competition for the few …

Mortgage News Daily

Home prices keep rising, as affordability problems sprout in new areas

Median home prices have hit an all-time high, creating an undesirable impact on what here-to-fore were more affordable locales, according to Redfin. “Home price growth this high is making the housing market especially difficult for first-time homebuyers right now,” Redfin Chief Economist Daryl Fairweather said in a press release.“Rising prices are just one more reason …