house price index

The housing market in the United States has seen a dramatic shift in the last year, with house prices dropping by 3.8%. According to a nationwide report released by the National Association of Realtors (NAR), this decrease is the largest since 2011. The report found that the median existing-home price for all housing types in the U.S. was $258,100 in April 2020, down 3.8% from April 2019 ($268,800). This decrease is the largest year-over-year drop since 2011, when home prices fell 4.2%. The NAR report also found that the number of existing-home sales dropped by 17.8% from April 2019 to April 2020. This is the largest year-over-year decrease since the NAR began tracking existing-home sales in 1999. The decrease in house prices is largely attributed to the economic downturn caused by the COV...

The housing market in the United States has seen a recent decline in house price growth in May, according to a report released by the National Association of Realtors (NAR). The report showed that the median existing-home price for all housing types decreased by 0.7% in May to $285,700, down from April’s median of $287,800.This decline in house price growth is the first since December 2018 and marks the first time that prices have decreased year-over-year since January 2012. The NAR attributed the decrease to a decrease in sales activity, with existing-home sales dropping by 3.7% from April to May. This decrease was driven by a decrease in sales of single-family homes, which fell by 4.4%, while sales of condos and co-ops fell by 1.6%.The NAR also noted that the decline in house prices was ...

House Prices in the U.S. Decrease by 3.8% in the Last Year: Nationwide Report

Nationwide Reports House Price Growth Decline in May