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U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
The US Census, since 1940, has asked home owners to estimate the value of their homes. The home-owners' estimates reflect an appreciation of 2% per year in real terms, which is significantly more than the 0.7% actual increase over the same interval as reflected in Case-Shiller index.
The RPI is constructed to gauge price movement among non-distressed home sales and excludes sales of foreclosed properties.[1] The RPI has a lag time of about two months as a monthly tracking index. Specific indices are available for specific metropolitan areas, and composite indices are available for the top 10, 20, 30, and 100[2] metro areas.
If the Federal Reserve continues to keep interest rates steady, it could improve housing affordability across the U.S. After rising to an average of 7.22% in May, the average 30-year fixed mortgage...
Economists and other housing experts are torn on mortgage-rate outlooks for the year, but generally speaking, most expect rates to fall into the 5.5% to 7% range, which is still considerably ...
1. Phoenix. Average Home Price in 2019: $249,959 Average Home Price in 2024: $454,180 Price Increase: 81.7%
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