Redfin Reports U.S. Home Prices Rose 0.5% in August, the Biggest Increase in 4 Months
Redfin's report reveals U.S. home prices increased 0.5% in August 2024, the largest monthly rise since April. Year-over-year, prices grew 6.7%, the lowest annual increase since January. Despite a 16.7% increase in housing supply from last year, it remains 30% below pre-pandemic levels, contributing to price growth.
Of the 50 most populous U.S. metros, 20 saw price drops, with San Antonio experiencing the largest decline (-2.4%). Conversely, Philadelphia led gains (1.5%). Redfin Senior Economist Sheharyar Bokhari suggests that if mortgage rates fall further this fall, as expected, price growth may accelerate as more buyers enter the market.
Il rapporto di Redfin rivela che i prezzi delle case negli Stati Uniti sono aumentati dello 0,5% ad agosto 2024, il più grande aumento mensile dalla scorsa aprile. Su base annua, i prezzi sono cresciuti del 6,7%, il tasso di crescita annuale più basso da gennaio. Nonostante un aumento del 16,7% dell'offerta abitativa rispetto all'anno scorso, essa rimane 30% al di sotto dei livelli pre-pandemia, contribuendo alla crescita dei prezzi.
Tra le 50 più popolose aree metropolitane degli Stati Uniti, 20 hanno registrato un calo dei prezzi, con San Antonio che ha subito la maggiore flessione (-2,4%). Al contrario, Filadelfia ha portato i guadagni (1,5%). L'economista senior di Redfin, Sheharyar Bokhari, suggerisce che se i tassi ipotecari dovessero scendere ulteriormente questo autunno, come previsto, la crescita dei prezzi potrebbe accelerare man mano che più acquirenti entrano nel mercato.
El informe de Redfin revela que los precios de las viviendas en Estados Unidos aumentaron un 0,5% en agosto de 2024, el mayor aumento mensual desde abril. En comparación con el año anterior, los precios crecieron un 6,7%, el crecimiento anual más bajo desde enero. A pesar de un aumento del 16,7% en la oferta de viviendas en relación al año pasado, sigue un 30% por debajo de los niveles anteriores a la pandemia, lo que contribuye al crecimiento de los precios.
De las 50 áreas metropolitanas más pobladas de Estados Unidos, 20 vieron caídas en los precios, siendo San Antonio la que experimentó la mayor disminución (-2,4%). Por el contrario, Filadelfia lideró las ganancias (1,5%). El economista senior de Redfin, Sheharyar Bokhari, sugiere que si las tasas hipotecarias caen aún más este otoño, como se espera, el crecimiento de los precios podría acelerarse a medida que más compradores ingresen al mercado.
레드핀 보고서에 따르면, 2024년 8월 미국의 주택 가격이 0.5% 상승했으며, 이는 4월 이후 가장 큰 월별 상승폭입니다. 연간 기준으로는 가격이 6.7% 증가했으며, 이는 1월 이후 가장 낮은 연간 증가율입니다. 지난해 대비 주택 공급이 16.7% 증가했음에도 불구하고 팬데믹 이전 수준보다 30% 낮은 상태를 유지하고 있어 가격 상승에 기여하고 있습니다.
미국 50개 대도시 중 20개에서 가격이 하락했으며, 샌안토니오가 가장 큰 하락폭(-2.4%)을 기록했습니다. 반면, 필라델피아는 1.5% 상승하여 상승폭이 가장 컸습니다. 레드핀의 수석 경제학자인 셰하리야르 보크하리(Sheharyar Bokhari)는 만약 이 가을, 예상대로 주택담보대출 금리가 더 하락한다면, 더 많은 구매자들이 시장에 들어오면서 가격 상승이 가속화될 수 있다고 제안했습니다.
Le rapport de Redfin révèle que les prix des maisons aux États-Unis ont augmenté de 0,5 % en août 2024, le plus grand bond mensuel depuis avril. Sur une base annuelle, les prix ont augmenté de 6,7 %, soit la plus faible hausse annuelle depuis janvier. Bien qu'il y ait eu une augmentation de 16,7 % de l'offre de logements par rapport à l'année dernière, celle-ci reste 30 % en dessous des niveaux d'avant la pandémie, contribuant à la hausse des prix.
Sur les 50 zones métropolitaines les plus peuplées des États-Unis, 20 ont enregistré des baisses de prix, San Antonio ayant subi la plus forte baisse (-2,4 %). Inversement, Philadelphie a mené les augmentations (1,5 %). L'économiste senior de Redfin, Sheharyar Bokhari, suggère que si les taux hypothécaires chutent encore cet automne, comme prévu, la croissance des prix pourrait s'accélérer alors que davantage d'acheteurs entrent sur le marché.
Der Bericht von Redfin zeigt, dass die Immobilienpreise in den USA im August 2024 um 0,5% gestiegen sind, was den größten monatlichen Anstieg seit April darstellt. Im Vergleich zum Vorjahr sind die Preise um 6,7% gestiegen, was der niedrigste jährliche Zuwachs seit Januar ist. Trotz eines Anstiegs des Wohnungsangebots um 16,7% im Vergleich zum Vorjahr liegt dieses 30% unter dem Niveau vor der Pandemie, was zum Preiswachstum beiträgt.
Von den 50 bevölkerungsreichsten Ballungsgebieten der USA verzeichneten 20 Preisrückgänge, wobei San Antonio den größten Rückgang (-2,4%) erlitt. Im Gegensatz dazu führte Philadelphia die Gewinne (1,5%) an. Der leitende Ökonom von Redfin, Sheharyar Bokhari, schlägt vor, dass wenn die Hypothekenzinsen in diesem Herbst weiter fallen, wie erwartet, das Preiswachstum beschleunigt werden könnte, da mehr Käufer in den Markt eintreten.
- Home prices increased 0.5% month-over-month in August, the largest increase in 4 months
- Year-over-year home prices rose 6.7%
- Housing supply is up 16.7% from a year ago
- 30 out of 50 most populous U.S. metros recorded price increases
- 20 out of 50 most populous U.S. metros recorded price drops
- Housing supply is still down almost 30% from pre-pandemic levels
- San Antonio experienced a 2.4% price decline, the largest among major metros
Insights
The 0.5% monthly increase in U.S. home prices, the largest since April, signals a potential shift in the housing market. This growth, coupled with the
The housing market's dynamics are intriguing. Despite a slow summer for sales, prices are inching up, driven by the combination of supply and slightly improved mortgage rates. The
The housing market's performance is closely tied to broader economic policies. The Federal Reserve's potential interest rate cut could be a game-changer, potentially boosting affordability and demand. However, this might exacerbate the existing supply-demand imbalance, further driving up prices. The
20 of the 50 most populous
Home prices continue to rise in part because there aren’t enough homes for sale. Housing supply is up
“Prices kept creeping up during this unusually slow summer for home sales as mortgage rates came down and supply remained stubbornly low,” said Redfin Senior Economist Sheharyar Bokhari. "If mortgage rates fall further this fall—and we expect they will—price growth will likely pick up as more prospective homebuyers come off the sidelines."
Mortgage affordability could improve as soon as tomorrow, depending on how much the Federal Reserve cuts interest rates.
Metro-Level Summary: Redfin Home Price Index, August 2024
Twenty (
The biggest decline in August was in
To view the full report, including a chart and methodology, please visit: https://www.redfin.com/news/home-price-index-august-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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240917618935/en/
Contact Redfin
Redfin Journalist Services:
Ally Forsell, 206-588-6863
press@redfin.com
Source: Redfin
FAQ
How much did U.S. home prices increase in August 2024 according to Redfin's report?
What was the year-over-year price increase for U.S. homes in August 2024 (RDFN)?
How many of the 50 most populous U.S. metros saw home price drops in August 2024?
Which U.S. metro area had the largest home price decline in August 2024 (RDFN)?
