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In a normal and balanced housing market, Mezger says there would be 6 months of inventory supply—or 2.6 million listings around the county. However, we're nowhere close to that level.
In Houston, the median condo sales price fell 6.5% between mid-2023 and mid-2024. ... Even as more inventory hits the market, average sale prices rose 3.9% through the middle of last year ...
The U.S. Department of Housing and Urban Development characterizes households as “cost-burdened” when they spend more than 30% of their income on rent, mortgage payments, and other housing costs.
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
Incomplete housing development near Houston, Texas. Sales prices of homes sold 2002–2010. The White House Council of Economic Advisers lowered its forecast for U.S. economic growth in 2008 from 3.1 per cent to 2.7 per cent and forecast higher unemployment, reflecting the turmoil in the credit and residential real-estate markets. The Bush ...
Data from the St. Louis Fed suggests that this had a severe impact on housing inventory: New home builds had been on the rise in 2005, peaking in January 2006 with more than 2,200 housing units ...