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June 30, 2022

Newsfeed: The One Housing Chart That Shows A ‘Buyer’s Market’ Has Returned

Newsfeed: The One Housing Chart That Shows A ‘Buyer’s Market’ Has Returned

The red hot pandemic-era housing market is cooling as historically tight available inventory shows signs of reversing. An affordability crisis has removed millions of new home buyers as the number of active US listings soared 18.7% in June from a year earlier, the most significant increase in Realtor.com’s data going back to 2017, according to Bloomberg.

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Newsfeed: Mapped: The Growth in U.S. House Prices by State

Newsfeed: Mapped: The Growth in U.S. House Prices by State

On average, the U.S. housing market has seen price appreciation of 4.4% annually since 1991. High demand and low supply have accelerated price growth during the COVID-19 pandemic. In fact, single-family house prices grew by 18.7% from the first quarter of 2021 to the first quarter of 2022—the highest growth seen in at least 31 years.

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