Rising home prices create massive wealth gains for homeowners

Long-term homeowners have seen their wealth grow significantly amid accelerating home prices rises over the past decade, according to a new report from the National Association of Realtors this week. The report, Housing Wealth Gains for the Rising Middle-Class Markets, shows that from 2010 to 2020, the total housing wealth of middle-income households grew by

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Home prices are rising faster in areas without mass transit

Home prices in areas without mass transit services are rising almost twice as fast as those where public transportation is widely accessible, a new study has found. The Redfin study found that the median home sale price in what it calls “car-dependent areas” has risen by 32.8% to $418,100 since January 2020. At the same

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Home prices jump by double-digits in Q1

Home prices keep making strong gains with almost every major metro area in the U.S. seeing a year-over-year home increase in the first quarter. Those gains were in the double-digits in 89% of those metros areas too, the National Association of Realtors reported Tuesday. Nationwide, the median existing single-family home price jumped to $319,200, up

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