A growing body of data show that market dynamics are shifting in buyers' favor. With the latest indices indicating a deceleration of home price appreciation through the spring homebuying season, and annualized price gains slowing for the fifth consecutive month in May, a new report from Redfin indicates the typical U.S. home that sold during the four weeks ending June 23 did so for 0.3% less than its asking price.

More Homes Selling At Or Below List Price

24/7 Wall St.

Home prices are at an all-time high in the United States. After rising year-over-year for 11 consecutive months, the median sale price of existing homes hit a record-breaking $419,300 in May 2024, according to a new report from the National Association of Realtors. High prices are largely attributable to a lack of inventory, as high […]
The post Cities Where Home Prices Are Actually Falling appeared first on 24/7 Wall St..

Cities Where Home Prices Are Actually Falling

New York Post

In today’s high interest rate market, home prices have largely leveled off nationwide — but not everywhere. In certain places, prices are still on an alarming upswing.

Home prices reached a median of $442,500 in May, according to Realtor.com® data—that’s up just slightly from $441,000 a year earlier.

“The median price of homes for sale remained relatively stable compared with last year, growing by 0.3%,” notes Realtor.com Chief Economist Danielle Hale in her analysis.

Listing prices remained completely flat on a year-over-year basis in the South (+0.0%), “where competitive home inventory has grown the most in recent months,” Hale explains. But prices continued inching upward in the West (+0.8%),...

Home prices are rising fast in these 10 cities — with some surprises leading the pack

Following the housing boom in 2022, some regions of the U.S. are beginning to see their housing markets stabilize. As of May, 32 of the nation’s 200 largest housing markets are back above pre-pandemic inventory levels, according to recent insight from the ResiClub blog. National active inventory is up by 35% year-over-year, but the biggest gains are in the Southeast and Southwest markets, with 19 of the total in Texas or Florida. On the other hand, housing markets in the Northeast and Midwest continue to see constrained inventory.

32 Housing Markets That Are Back to Pre-Pandemic Inventory Levels

Daily Mail

Analysts predict a 'very high' likelihood of a drop in housing prices in five metropolitan areas across the United States, including regions in Florida and South Carolina.

The cities where house prices are set to drop

Home prices are falling in four former hotspots, as near-record housing costs push homebuyers away.

Home prices are falling in these 4 former boomtowns - it's a bad omen for the rest of America

Louisville Public Media

In nearly half of metro areas, buyers must make more than $100,000 to afford a median-priced home, a Harvard University report finds. And home prices this year reached a new all-time high.

U.S. home prices have far outpaced paychecks. See what it looks like where you live

Alabama State

Looking to move to a state that goes easier on your wallet? In a recent study, Forbes discovered the ten cheapest states to live in. Moving to any of these states could put some hard-earned money back in your pocket. Methodology. To determine America’s cheapest states to live in, Forbes...

10 States With the Lowest Cost of Living

Georgia State

GOBankingRates

It's expensive to live on the coasts in the United States. Read More: Housing Market 2024: 50 Most Affordable Cities for Homebuyers Find Out: 5 Unusual Ways To Make Extra Money (That Actually Work)...

10 Most Affordable Cities on the East Coast if You Make Under $100,000

Indiana State

Home prices in certain U.S. housing markets have risen so high so fast over the past few years that they are out of reach for all but the wealthiest Americans. Most of these markets involve pricey...

In Less Than a Decade You Won’t Be Able To Afford Homes In These 10 Midwest Zip Codes

New Jersey State

Vermont State

The Independent

Out of all 50 states, Vermont house prices soared the highest with new data revealing they jumped 12.8 percent in the last year — nearly double the national average.According to the Federal Housing Finance Agency (FHFA), house prices across the US rose by an average of 6.6 per cent between Q1 of last year and this year, despite stubbornly high national mortgage rates, and continued fallout from the Covid-19 pandemic. Since the start of the year, house prices have increased 1.1 percent.The highest jumps in housing prices are predominantely all on the east coast — with New Jersey, New York,...

The five states where house prices are rising fastest - and the one area where they’re falling

Coffee County, GA

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Daily Coffee Press

Last month, more than twenty individuals were indicted on felony charges in Coffee County. Several of them have recently made local headlines, including Guillermo de la Cruz-Morales, the sole person charged in connection with the disappearance of Maria Diaz, and Cornelius Jamison, accused of cocaine trafficking.

Grand Jury Indicts Over Twenty Individuals on Felony Charges in Coffee County

Saint Johns County, FL

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Hastings, FL

Jacksonville Today

Eight people have been arrested on drug charges stemming from an undercover investigation at a convenience store in Hastings, according to the St. Johns County Sheriff’s Office.

8 arrested in Hastings drug and gambling bust

Newark, NJ

Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

Reading, PA

Mahanoy City, PA

The Shenandoah (PA) Sentinel

MAHANOY CITY – Two members of a motorcycle club were convicted on federal charges, accused...
The post Convicted motorcycle club members orchestrated ‘brutal’ home-invasion in Mahanoy, feds say first appeared on The Shenandoah Sentinel.

Convicted motorcycle club members orchestrated ‘brutal’ home-invasion in Mahanoy, feds say

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Denver, CO

David Heitz

The mother of a Denver homeless man told the City Council Monday that city-sponsored services have failed her son. Barbara Hallick Yeomans made her remarks during public comment period of the City Council meeting. She said her son grapples with substance abuse and mental illness and repeatedly has been harassed by police. She said her son also suffered verbal abuse by a guard in the Denver County Jail. Yeomans said she heard the guard harassing her son over the phone.

Mother says Denver homeless services have failed her son

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

The number of Americans applying for unemployment benefits fell last week as layoffs remain at healthy levels despite elevated interest rates and inflation.The Labor Department reported Thursday that jobless claims for the week ending June 22 fell by 6,000 to 233,000 from 239,000 the previous week.However, the total number of Americans collecting unemployment benefits rose for the eighth straight week, to 1.84 million, for the week of June 15.The four-week average of claims, which softens some of the week-to-week volatility, rose by 3,000 to 236,000.Weekly unemployment claims — a proxy for layoffs — remain at low levels by historical standards, a sign that most Americans enjoy unusual job security. Still, after mostly staying below 220,000 this year, weekly claims have moved up recently.      Read More               US economic growth for last quarter is revised up slightly to a 1.4% annual rateFire tears through the Danish taxation ministry, the latest major fire in CopenhagenJulian Assange is now free to do or say whatever he likes. What does his future hold?      

Fewer Americans file for jobless claims, but continuing claims rise for 8th straight week

Reuters

CHICAGO (Reuters) - The price of a July Fourth cookout will be 5% higher in 2024 than the previous year, according to a survey from the U.S. Farm Bureau released this week. The farmer and rancher organization said an Independence Day cookout for 10 people will cost an average of $71.22 this year versus $67.73 in 2023.

US July Fourth cookout costs up by 5% this year, survey shows

NewsBreak

Brunswick County Home Sales: $1B And Counting, Realtors Report

Brunswick County's residential real estate market surpassed $1 billion in sales volume in May, according to a report released recently by the Brunswick County Association of...

Brunswick County Home Sales: $1B And Counting, Realtors Report

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