Slower home price gains boost California housing affordability in first-quarter 2025, C.A.R. reports

A new study suggests that a household in San Diego must earn $258,926 a year to be able to buy a home in the area. The Realtor.com study indicated that the income required to buy a home in the San Diego metro area has increased by 73% since 2019, making it the fourth most expensive market in the U.S. The San Jose metro area, home to Silicon Valley, topped the list with $370,069 in required annual income. The website's economists based their stud…

83 Percent of US Metro Areas Saw Home Prices Increase in First Quarter

Existing single-family home prices continued to rise in 189 out of 228 U.S. metro areas in the first quarter, with some areas reporting double-digit gains, according to the latest report from the National Association of Realtors (NAR). The May 8 report shows home price gains in 83 percent of metro areas, a slight decline from 89 percent in the fourth quarter of 2024. Home prices saw double-digit increases in 11 percent of metro areas, down from …

Slower home price gains boost California housing affordability in first-quarter 2025, C.A.R. reports

Seventeen percent of California households could afford to purchase the $846,830 median-priced home in the first quarter of 2025, up from 15 percent in fourth-quarter 2024 and unchanged from 17 percent in first-quarter 2024. A minimum annual income of $218,000 was needed to make monthly payments of $5,450, including principal, interest, taxes and insurance on a 30-year fixed-rate mortgage at a 6.93 percent interest rate. Twenty-four percent of h…

Median Area House Prices Rise 13.6% in Q1

YOUNGSTOWN, Ohio – The Youngstown-Warren area reported the third-highest gain percentagewise in house prices during the first quarter of 2025, the National Association of Realtors reported Thursday. The median sale price for houses sold in the Youngstown-Warren-Boardman, OH-PA metropolitan statistical area of $161,900 during the first three months of the year represented a 13.6% increase […] The post Median Area House Prices Rise 13.6% in Q1 app…

Home Prices Rise In Most Metro Areas To Begin 2025

The latest quarterly report from the National Association of Realtors found that 80% of metropolitan areas posted home price gains in the first quarter of 2025.