By Samuel Stebbins, 3 days ago
A surge in demand for homes in the United States, in addition to limited housing inventory, has created a sellers market unlike anything seen in recent memory.
Homes are now selling faster than ever before — and also for more money than ever before.
As of August 2021, a typical single-family home in the United States costs $303,288 — up 17.7% over the last year.
Of course, home values are not uniform across the country, and in some states, the typical home costs far more than the national average — while in others, homes cost far less.
Source: This Is the Average Cost of a Home in Every State
By Chris Arnold Twitter
May 18, 202111:08 AM ET, Heard on All Things Considered
“You imagine your life in this house, you put in an offer and then two days later it doesn’t get accepted,” Ametrano says. “For me, it’s like very emotionally crushing.”–From article…
Trying to buy a house right now is in some ways harder than it’s ever been. There’s a record shortage of homes for sale; many people are eager to buy.
Bidding wars are breaking out, sending prices to record highs, and making it feel impossible for many people to buy a home.
Source: Buying A House Is Harder Than Ever, And Bidding Wars Keep Breaking Out : NPR
In much of the U.S., the housing crash hangover lingers. New tabulation of home price data lets you zoom in on hundreds of metro areas and counties around the country.
Source: Home Prices: How To See If They Are Rising Or Falling Where You Live : NPR