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Redfin Reports U.S. Home Prices Grew 0.5% in September, the Fastest Pace Since April

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Redfin reports that U.S. home prices grew 0.5% in September on a seasonally adjusted basis, the fastest pace since April. This marks the third consecutive month of increasing growth rates. Year-over-year, prices rose 6%, the smallest annual increase since December.

The Redfin Home Price Index (RHPI) shows that despite improved mortgage affordability in September, with rates dropping as low as 6.08%, home prices continue to rise due to demand outweighing supply. There are approximately 20% fewer homes on the market compared to five years ago, primarily because many homeowners secured low mortgage rates during the pandemic.

Among the 50 most populous U.S. metro areas, 13 recorded a seasonally adjusted drop in home prices in September. The largest declines were in San Antonio, TX (-1%), Fort Lauderdale, FL (-0.9%), and Fort Worth, TX (-0.5%). The highest gains were in Nassau County, NY (1.7%), Philadelphia (1.6%), and Virginia Beach, VA (1.4%).

Redfin riporta che i prezzi delle case negli Stati Uniti sono cresciuti dello 0,5% a settembre su base stagionalmente aggiustata, il ritmo più veloce da aprile. Questo segna il terzo mese consecutivo di tassi di crescita in aumento. Rispetto all'anno precedente, i prezzi sono aumentati del 6%, il minimo aumento annuale da dicembre.

L'Indice dei Prezzi delle Case Redfin (RHPI) mostra che, nonostante un miglioramento nell'accessibilità ipotecaria a settembre, con i tassi che sono scesi fino al 6,08%, i prezzi delle case continuano a salire a causa della domanda che supera l'offerta. Ci sono circa il 20% di case in meno sul mercato rispetto a cinque anni fa, principalmente perché molti proprietari di case hanno bloccato tassi ipotecari bassi durante la pandemia.

Tra le 50 aree metropolitane più popolose degli Stati Uniti, 13 hanno registrato un calo stagionalmente aggiustato dei prezzi delle case a settembre. Le maggiori diminuzioni si sono registrate a San Antonio, TX (-1%), Fort Lauderdale, FL (-0,9%) e Fort Worth, TX (-0,5%). I maggiori guadagni sono stati a Nassau County, NY (1,7%), Philadelphia (1,6%) e Virginia Beach, VA (1,4%).

Redfin informa que los precios de las viviendas en EE. UU. crecieron un 0,5% en septiembre, ajustado estacionalmente, el ritmo más rápido desde abril. Esto marca el tercer mes consecutivo de tasas de crecimiento en aumento. En comparación con el año anterior, los precios subieron un 6%, el menor aumento anual desde diciembre.

El Índice de Precios de Viviendas de Redfin (RHPI) muestra que, a pesar de la mejora en la asequibilidad hipotecaria en septiembre, con tasas que bajaron a un 6,08%, los precios de las viviendas siguen subiendo debido a que la demanda supera la oferta. Hay aproximadamente un 20% menos de viviendas en el mercado en comparación con hace cinco años, principalmente porque muchos propietarios de viviendas aseguraron tasas hipotecarias bajas durante la pandemia.

Entre las 50 áreas metropolitanas más pobladas de EE. UU., 13 registraron una caída de precios de viviendas ajustada estacionalmente en septiembre. Las mayores caídas se dieron en San Antonio, TX (-1%), Fort Lauderdale, FL (-0,9%) y Fort Worth, TX (-0,5%). Los mayores aumentos se dieron en Condado de Nassau, NY (1,7%), Filadelfia (1,6%) y Virginia Beach, VA (1,4%).

Redfin에 따르면 미국의 주택 가격이 9월에 계절 조정 기준으로 0.5% 증가했으며, 이는 4월 이후 가장 빠른 속도입니다. 이는 세 번째 연속으로 증가하는 성장률을 의미합니다. 전년 대비 가격은 6% 상승했으며, 이는 12월 이후 가장 낮은 연간 증가율입니다.

Redfin 주택 가격 지수(RHPI)는 9월에 주택담보대출이 6.08%로 낮아지면서 주택담보대출 이용 가능성이 개선되었음에도 불구하고, 공급이 수요를 초과하여 주택 가격이 계속 상승하고 있음을 보여줍니다. 현재 시장에 나와 있는 주택이 약 20% 줄어들었으며, 이는 주로 많은 주택 소유자들이 팬데믹 기간 동안 낮은 주택담보대출 금리를 확보했기 때문입니다.

미국에서 인구가 가장 많은 50개 대도시 중 13곳이 9월에 계절 조정 기준으로 주택 가격이 하락했습니다. 최대 하락폭은 텍사스주 샌안토니오 (-1%), 플로리다주 포트로더데일 (-0.9%), 텍사스주 포트워스 (-0.5%)에서 나타났습니다. 가장 큰 상승폭은 뉴욕주 나소 카운티 (1.7%), 필라델피아 (1.6%), 버지니아 비치, VA (1.4%)에서 나타났습니다.

Redfin rapporte que les prix des maisons aux États-Unis ont augmenté de 0,5% en septembre, en données ajustées saisonnièrement, ce qui représente le rythme le plus rapide depuis avril. Cela marque le troisième mois consécutif d'augmentation des taux de croissance. En comparaison avec l'année précédente, les prix ont augmenté de 6%, la plus petite augmentation annuelle depuis décembre.

L'Indice des Prix de Maisons Redfin (RHPI) montre qu'en dépit d'une amélioration de l'accessibilité des prêts hypothécaires en septembre, avec des taux tombant aussi bas que 6,08%, les prix des maisons continuent d'augmenter en raison de la demande qui dépasse l'offre. Il y a environ 20% de maisons en moins sur le marché par rapport à il y a cinq ans, principalement parce que de nombreux propriétaires ont sécurisé des taux hypothécaires bas pendant la pandémie.

Parmi les 50 zones métropolitaines les plus peuplées des États-Unis, 13 ont enregistré une baisse des prix des maisons ajustée saisonnièrement en septembre. Les plus grandes baisses ont été observées à San Antonio, TX (-1%), Fort Lauderdale, FL (-0,9%) et Fort Worth, TX (-0,5%). Les plus fortes hausses se sont produites à Nassau County, NY (1,7%), Philadelphie (1,6%) et Virginia Beach, VA (1,4%).

Redfin berichtet, dass die Immobilienpreise in den USA im September um 0,5% saisonbereinigt gestiegen sind, was das schnellste Tempo seit April darstellt. Dies markiert den dritten aufeinanderfolgenden Monat mit steigenden Wachstumsraten. Im Jahresvergleich stiegen die Preise um 6%, was den kleinsten jährlichen Anstieg seit Dezember darstellt.

Der Redfin Hauspreisindex (RHPI) zeigt, dass trotz verbesserter Hypothekenerschwinglichkeit im September, da die Zinssätze auf bis zu 6,08% fielen, die Hauspreise weiterhin steigen, da die Nachfrage das Angebot übersteigt. Es gibt etwa 20% weniger Häuser auf dem Markt im Vergleich zu vor fünf Jahren, hauptsächlich weil viele Hausbesitzer während der Pandemie niedrige Hypothekenzinsen sichern konnten.

Unter den 50 bevölkerungsreichsten US-Metropolitangebieten verzeichneten 13 im September einen saisonbereinigten Rückgang der Immobilienpreise. Die größten Rückgänge verzeichneten San Antonio, TX (-1%), Fort Lauderdale, FL (-0,9%) und Fort Worth, TX (-0,5%). Die höchsten Zuwächse gab es in Nassau County, NY (1,7%), Philadelphia (1,6%) und Virginia Beach, VA (1,4%).

Positive
  • Home prices grew 0.5% month-over-month in September, the fastest pace since April
  • Third consecutive month of increasing growth rates
  • Year-over-year price increase of 6%
Negative
  • 6% year-over-year price increase is the smallest annual increase since December
  • 20% fewer homes on the market compared to five years ago
  • 13 out of 50 most populous U.S. metro areas recorded price drops in September

Insights

The 0.5% monthly increase in U.S. home prices in September, the fastest since April, signals a resilient housing market despite high mortgage rates. The 6% year-over-year increase, while the lowest since December, still outpaces inflation. This trend suggests continued strength in housing demand relative to supply.

The report highlights a critical supply constraint: 20% fewer homes on the market compared to five years ago. This scarcity, driven by homeowners reluctant to give up low mortgage rates, is a key factor supporting prices. The expectation of rates remaining above 6% through year-end implies sustained upward pressure on prices.

For investors, this data indicates potential opportunities in homebuilders, real estate investment trusts (REITs) and mortgage-related securities. However, regional variations, such as price declines in San Antonio and Fort Lauderdale, underscore the importance of market-specific analysis for real estate investments.

The Redfin Home Price Index reveals intriguing market dynamics. Despite high mortgage rates, the 0.5% monthly price growth indicates robust demand persisting in the face of affordability challenges. This resilience suggests underlying economic strength and could signal continued consumer confidence.

The regional disparities are noteworthy. While 13 of the 50 largest metros saw price declines, others like Nassau County and Philadelphia experienced significant gains. This geographic variability highlights the importance of local economic factors and migration patterns in driving real estate trends.

The 20% reduction in housing inventory compared to five years ago is a critical datapoint. This supply constraint, coupled with steady demand, creates a floor for prices and could lead to increased competition among buyers. For investors, this environment may favor strategies focused on home renovation and construction sectors to address the supply shortage.

On a year-over-year basis, home prices rose 6%, the smallest annual increase since December

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — U.S. home prices grew 0.5% from a month earlier in September on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the fastest pace since April and the third consecutive month where the growth rate has increased.

On a year-over-year basis, home prices rose 6%, the lowest annual increase since December. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.

Mortgage affordability improved in September when rates dropped as low as 6.08%, but home prices are continuing to tick up because demand outweighs supply.

“There are around 20% fewer homes on the market today than there were five years ago, mainly because so many homeowners locked in a low mortgage rate during the pandemic,” said Redfin Senior Economist Sheharyar Bokhari. “With mortgage rates back above 6.5% this month—and unlikely to drop below 6% this year—home prices will likely continue their consistent climb until more inventory comes onto the market in the spring.”

Metro-Level Summary: Redfin Home Price Index, September 2024

Thirteen of the 50 most populous U.S. metro areas recorded a seasonally adjusted drop in home prices in September, month over month.

The biggest decline in September was in San Antonio, TX (-1%), followed by Fort Lauderdale, FL (-0.9%) and Fort Worth, TX (-0.5%). The highest month over month gains were recorded in Nassau County, NY (1.7%), Philadelphia (1.6%) and Virginia Beach, VA (1.4%).

To view the full report, including a chart and additional metro-level data, please visit: https://www.redfin.com/news/home-price-index-september-2024

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix it up to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.6 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 4,000 people.

Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.

Contact Redfin

Redfin Journalist Services:

Ally Forsell

press@redfin.com

Source: Redfin

FAQ

What was the month-over-month home price growth in September 2024 according to Redfin (RDFN)?

According to Redfin (RDFN), U.S. home prices grew 0.5% month-over-month on a seasonally adjusted basis in September 2024.

How did the year-over-year home price change in September 2024 compare to previous months for Redfin (RDFN)?

Redfin (RDFN) reported that year-over-year home prices rose 6% in September 2024, which was the smallest annual increase since December.

Which U.S. metro area had the highest month-over-month home price gain in September 2024 according to Redfin (RDFN)?

According to Redfin (RDFN), Nassau County, NY had the highest month-over-month home price gain of 1.7% in September 2024.

How many of the 50 most populous U.S. metro areas saw home price declines in September 2024 based on Redfin's (RDFN) report?

Redfin's (RDFN) report showed that 13 of the 50 most populous U.S. metro areas recorded a seasonally adjusted drop in home prices in September 2024.

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