Tag: housing affordability crisis

Lennar’s 24% Price Reset Is Rewriting the Housing Playbook

Lennar just did something most of the housing market has been unwilling to do. They cut prices aggressively and openly. The company’s average selling price on new home deliveries peaked at $491,000 in 2022. As of Q1 2026, that number has fallen to roughly $374,000. That is a 24% decline, or more than $110,000 per […]

Top 10 Cities Where Home Prices Have Dropped Most (According to Zillow)

Zillow has just released its updated U.S. home value data for June 2025, marking the halfway point of the calendar year, and the results are eye-opening. According to the Zillow Home Value Index, the typical home value now stands at $369,147, up just 0.45% YoY, indicating a broader cooling trend in the housing market. But […]

Existing Home Sales Fell to The Lowest Level Since 2009 Last Month – A Sign that The Housing Market is Slowing in 2025

Existing home sales fell to just 4.02 million in March 2025, marking the lowest level for any March since 2009. This steep drop is a clear sign that homebuyers are still stepping back from the housing market. Despite falling mortgage rates earlier this year, many buyers remain hesitant due to high home prices and economic […]

California Home Prices Dropped 0.44% in March – the Biggest Monthly Decline in Two Years.

California home values are now falling month-over-month, and the trend is becoming harder to ignore. According to Zillow data, home prices in the state dropped 0.44% in March 2024, which is the biggest monthly decline since July 2022, when prices fell by 0.61%. This marks a sharp reversal from just a few months earlier in […]

Mortgage Rates Jump Back Above 7%. Here Are the 10 Least Affordable Markets to Buy a House Right Now

The U.S. housing market is already facing a historic affordability crisis, and now things have gotten even worse. Mortgage rates have once again surged past 7%, according to Mortgage News Daily. As shown in the graph below, rates briefly dipped below 6.7% in late March 2025, offering a glimmer of hope.  However, that relief was […]

Miami Housing Market in Biggest Bubble Since 2008?

Miami’s housing market is showing serious signs of strain, with affordability hitting record lows. Homebuyers are now spending 48% of their income on mortgage payments. Moreover, prices are barely rising as home values increased just 0.6% year-over-year, from $481,784 in 2024 to $484,835 in 2025. These figures raise concerns that Miami could be in its […]