Nearly 8% of U.S. homes sold in 2023 exceeded the capital gains tax limit of $500,000.
Tagged: Home Prices
Amidst mortgage rates climbing, the median U.S. home-sale price increased 5% from a year ago.
The California Association of Realtors reports that the median home price rose 7.7% year-over-year.
Quarterly, home prices rose a seasonally adjusted 1.7% in Q1 2024, essentially the same as the growth in Q4 2023.
Zillow report shows prices skyrocketing along California coast
Redfin says buyers’ costs will likely stay high due to inflation news.
Housing affordability also depends on house prices, which have competing effects.
CoreLogic report indicates positive homebuying trends in Southern California
Redfin economists predict home price growth to soften over the spring.
CoreLogic's projections suggest a continued rise but at a slower pace through 2025.