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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
In Q1/2007, S&P/Case-Shiller house price index records first year-over-year decline in nationwide house prices since 1991. [55] The subprime mortgage industry collapses, foreclosure activity increases [ 56 ] and rising interest rates threaten to depress prices further as problems in the subprime markets spread to the near-prime and prime ...
Over the holding periods of decades, inflation-adjusted house prices have increased less than 1% per year. [74] [104] Robert Shiller shows [74] that over long periods, inflation adjusted U.S. home prices increased 0.4% per year from 1890 to 2004, and 0.7% per year from 1940 to 2004.
The median price in the West was $602,200, up 2.3% from last year at this time. Sales in the South fell 7.1% from September to an annual rate of 1.69 million in October, down 14.6% from a year ago.
Last year, home sales were in the doldrums at their lowest level in nearly three decades as mortgage rates shot up, reaching a two-decade high of 7.79% in October.
U.S. existing home sales increased to a 10-month high in December, but further gains are likely to be limited by elevated mortgage rates and house prices, which are keeping many prospective buyers ...