Home prices head higher as shortage of homes on the market persists
The typical home value in the Houston area rose by 5.3 percent in January compared to January of 2022, according to the Zillow Home Value Index. The photo shows homes in Creekside Park neighborhood north of Houston.Home sales are slowing, but prices are still rising in many cities across the nation.
The typical U.S. home value reached $329,542 in January, holding steady with December and up 6.2 percent compared to January 2022, according to the Zillow Home Value Index, which estimates the values of all homes in a market. While 4.1 percent below the peak price set in July, the value was still 39 percent higher than before the pandemic.
“Building more homes and apartments is the only way to tame inflation, satisfy unmet demand, achieve a measure of price stability in the for-sale and rental markets, and ease America’s housing affordability crisis,” Dietz told a senate banking committee earlier this month.During the pandemic, home prices soared to record highs as buyers sought homes with more space, took advantage of low interest rates and often got into bidding wars.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I’m a decorating expert — I know how to make your room look instantly biggerOne woman on Instagram has a home decor hack to make your home look bigger.
Read more »
Bowser lobbies Senate amid worries about losing Dems on D.C. home rule votesThe Senate is preparing to vote on disapproval resolutions targeting two D.C. bills that already passed the House.
Read more »
PHOTOS: This artist turned a dumpster into tiny home for $4,800Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Man hurt after shooting near 43rd Avenue and Bethany Home RoadA man is hurt after a shooting early Saturday morning near 43rd Ave and Bethany Home Road in Glendale.
Read more »