Housing Prices Figures – The News Desk

UK House Prices Fell Sharply in December

11Dec

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World

UK House Prices Fell Sharply in December

The average house price in the U.K. fell 1.9% in the month to Dec. 2, the largest fall for this period for more than 20 years, according to new data from Rightmove.The average price of property coming to the market fell on month to 355,177 pounds ($447,345), a bigger fall than the usual seasonal slip of 1.5%, the online property portal said Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

28Nov

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Money

The Price Is Wrong for Housing

Nov. 28, 2023 10:34 am ETLower rates would make U.S. houses more affordable, just not affordable enough.The pandemic set off a flurry of demand for housing. Americans’ newfound desire for space, the padding of U.S. household finances from government relief checks, and sub-3% mortgage rates were a potent mix that sent home prices skyward. Now the buying frenzy has passed and, with mortgage rates at their highest levels in over 20 years, not many homes are getting sold at all.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

28Nov

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World

Home Prices Rose to Record in September

Updated Nov. 28, 2023 9:19 am ETHome prices hit a new record in September due to a shortage of homes for sale, even as high interest rates made home purchases less affordable.The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 3.9% from a year earlier in September, compared with a 2.5% annual increase the prior month. The September level was the highest since the index began in 1987.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

October Home Sales Likely Fell to New 13-Year Low

21Nov

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World

October Home Sales Likely Fell to New 13-Year Low

Tuesday’s existing-home-sales report is expected to show that the number of home sales in October fell to a new 13-year low.Economists surveyed by The Wall Street Journal estimate sales of previously owned homes fell a seasonally adjusted 1.5% in October from September.High home prices and elevated mortgage rates have made home purchases far less affordable for buyers, pushing many out of the market.The National Association of Realtors will release the October existing-home-sales report at 10 a.m. Eastern time Tuesday. Even as home-buying demand has slumped, the inventory of homes for sale has stayed low because high rates are making homeowners unwilling to sell and move. The limited supply is a major reason that home prices are rising in much of the U.S. Copyright ©2023 Dow Jones & C...

Buying a House Isn’t Happening, So They’re Spending and Saving Differently

10Nov

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World

Buying a House Isn’t Happening, So They’re Spending and Saving Differently

Updated Nov. 10, 2023 9:45 am ETListen to article(2 minutes)Would-be home buyers are giving up on the housing market and finding other ways to use the money they had been saving.With mortgage rates near 8% and average home prices hitting record highs, sales of existing homes were down 15.4% year-over-year in September, according to the National Association of Realtors. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

When You Give Up on Buying a House, What Do You Do With the Down Payment?

10Nov

By adminNo Comments

Money

When You Give Up on Buying a House, What Do You Do With the Down Payment?

Listen to article(2 minutes)Would-be home buyers are giving up on the housing market and finding other ways to use the money they had been saving.With mortgage rates near 8% and average home prices hitting record highs, sales of existing homes were down 15.4% year-over-year in September, according to the National Association of Realtors. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Diane Sawyer’s Martha’s Vineyard Home Sells for Just Shy of $24 Million Asking Price

3Nov

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World

Diane Sawyer’s Martha’s Vineyard Home Sells for Just Shy of $24 Million Asking Price

Listen to article(1 minute)Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.Just over two months after putting it on the market for $24 million, veteran news anchor Diane Sawyer has sold her beachfront estate on Martha’s Vineyard.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

U.S. Home Prices Rose to Record in August

31Oct

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World

U.S. Home Prices Rose to Record in August

Updated Oct. 31, 2023 9:15 am ETHome prices rose in August to a record high as a shortage of homes for sale kept the market competitive.The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 2.6% from a year earlier in August, compared with a 1.0% annual increase the prior month. The August level was the highest since the index began in 1987.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

U.K. Home Prices Fall Became More Widespread in October

30Oct

By adminNo Comments

World

U.K. Home Prices Fall Became More Widespread in October

The U.K. housing market saw widespread price falls in September, as higher mortgage rates and cost-of-living pressures squeezed buyer budgets across most local markets, according to new research published by Zoopla.U.K. house prices fell 1.1% on year, the most dramatic slowdown in price growth since 2009. House price falls—previously concentrated in Southern England—are now hitting 80% of local markets, though the size of the declines remains limited below 5%, the real-estate company said Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market

19Oct

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World

Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market

Updated Oct. 19, 2023 10:46 am ETHome sales fell in September to the lowest rate in 13 years, showing the corner of the economy most weakened by high interest rates remains in decline.For all of 2023, sales of previously owned homes are on track to be the lowest since at least 2011, because increased rates are weighing on demand. But high rates are also limiting the inventory of homes on the market, because homeowners with low rates are unwilling to sell and move. The small supply is pushing home prices higher in much of the U.S.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8