Tag #Home Prices

Showing 13 to 17 of 17 results

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Four Major U.S. Cities Buck Trend, See Home Price Declines in 2024

In November 2024, four major U.S. cities—Austin, Tampa, San Antonio, and Fort Lauderdale—experienced home price declines ranging from -1.6% to -3.7%, contrasting with a national average increase of 5.4%, due to increased housing supply, slower migration, and high levels of unsold homes.

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44% Bias Score

Sustainable Cities and Communities
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U.S. Home Prices Climb Despite High Mortgage Rates

Despite high mortgage rates, median home prices rose 5.8% in the 50 largest U.S. cities through November 2024, with Anaheim, California, leading at 12.5%, driven by limited housing supply and proximity to Los Angeles; similar trends occurred near New York City and in other areas.

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36% Bias Score

Reduced Inequality
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US Housing Market: Uncertain Future Amid Record Mortgage Payments

Record-high mortgage payments in 2024, coupled with low housing inventory and persistent buyer demand, fueled home price increases despite fluctuating interest rates; future price trends remain uncertain but will depend on economic conditions and interest rates.

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32% Bias Score

Reduced Inequality
cnbc.com
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High Mortgage Rates Fail to Curb US Home Price Increases

Despite 6-7% 30-year fixed mortgage rates, US home prices rose 5.8% through November 2024 in 50 major cities; Anaheim, CA, saw the highest increase (12.5%), driven by limited supply and proximity to Los Angeles, while San Antonio and Austin remained flat.

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48% Bias Score

Reduced Inequality
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Conflicting Predictions for December 2024 Home Prices

Conflicting predictions exist about whether home prices will drop in December 2024, with some experts citing typical seasonal slowdowns, while others point to continued strong buyer demand and limited supply potentially keeping prices high, possibly even increasing them.

Progress

40% Bias Score

Reduced Inequality

Showing 13 to 17 of 17 results