The traditional price gap between new and existing homes was nearly nonexistent at the end of 2024, the Census Bureau, NAR, and NAHB reported.
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FHFA Home Price Index Increases 4.5% Year-Over-Year in Q4
The FHFA House Price Index rose 4.5% year-over-year in Q4. Compared to Q3, prices were up 1.4%.
US Consumer Confidence Index Declines for Third Consecutive Month in February
The Conference Board Consumer Confidence Index declined 7.0 points to a reading of 98.3 in February, down from 104.1 in January.
S&P CoreLogic Case-Shiller Index Reports 3.9% Annual Gain in US Home Prices in December
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.9% in December, up from an increase of 3.7% in November.
Typical Down Payment on US Home Increases 7.5% Year-Over-Year in December
The typical homebuyer’s down payment was $63,188 in December, up 7.5% from a year earlier and the biggest increase in five months, Redfin reported.
US Single-Family Home Size Increases in Q4
The median single-family square floor area was 2,205 square feet in Q4, the highest reading since mid-2023, the Census Bureau and NAHB reported.
US Custom Home Building Sector Improves in Q4
There were modest gains for custom-home builders in Q4, following a period of slight softening of market share, the Census Bureau and NAHB reported.
US Existing-Home Sales Decline 4.9% in January
Total existing-home sales declined 4.9% to a seasonally adjusted annual rate of 4.08 million in January, NAR reported.
Mortgage Applications for US New-Home Purchases Rise 19.0% in January
Mortgage applications for new-home purchases increased 19.0% in January, MBA reported. Year-over-year, mortgage applications declined 6.0%.
US Housing Market Gained $2.5 Trillion in Value in 2024
The combined value of US homes gained $2.5 trillion (5.2%) in 2024 to reach $49.7 trillion, Redfin reported.