Redfin Reports U.S. Home Prices Tick Up 0.2% for the Second Month in a Row
Redfin's latest report reveals U.S. home prices increased by 0.2% in July 2024, marking the second consecutive month of modest growth. This rate equals the slowest pace since January 2023. Year-over-year, prices rose by 6.8%, down from 7.3% in June, reaching the lowest annual increase since January.
The report, based on the Redfin Home Price Index (RHPI), indicates that prices continue to inch up to all-time highs due to a persistent shortage of homes relative to buyer demand. Despite recent drops in mortgage rates, there hasn't been a significant increase in buyers, preventing more rapid price growth.
Notably, 40% of the 50 most populous U.S. metro areas saw a decline in home prices in July. Austin, TX experienced the largest drop at -1.6%, while Indianapolis and Miami saw the highest gains at 1.2% each.
Il rapporto più recente di Redfin rivela che i prezzi delle case negli Stati Uniti sono aumentati dello 0,2% a luglio 2024, segnando il secondo mese consecutivo di una modesta crescita. Questo tasso è il più lento dal gennaio 2023. Su base annuale, i prezzi sono aumentati del 6,8%, in calo rispetto al 7,3% di giugno, raggiungendo il più basso incremento annuale dal gennaio.
Il rapporto, basato sull'Indice dei Prezzi delle Case Redfin (RHPI), indica che i prezzi continuano a salire verso massimi storici a causa di una persistente carenza di abitazioni rispetto alla domanda degli acquirenti. Nonostante i recenti cali nei tassi ipotecari, non c'è stata un'incremento significativo negli acquirenti, impedendo una crescita più rapida dei prezzi.
È interessante notare che il 40% delle 50 aree metropolitane più popolose degli Stati Uniti hanno visto un calo dei prezzi delle case a luglio. Austin, TX ha registrato la maggiore diminuzione con -1,6%, mentre Indianapolis e Miami hanno visto i maggiori guadagni con 1,2% ciascuna.
El informe más reciente de Redfin revela que los precios de las viviendas en EE. UU. aumentaron un 0,2% en julio de 2024, marcando el segundo mes consecutivo de un crecimiento moderado. Esta tasa es la más lenta desde enero de 2023. En comparación anual, los precios aumentaron un 6,8%, por debajo del 7,3% en junio, alcanzando el aumento anual más bajo desde enero.
El informe, basado en el Índice de Precios de Viviendas de Redfin (RHPI), indica que los precios continúan acercándose a niveles máximos históricos debido a una persistente escasez de viviendas en relación con la demanda de los compradores. A pesar de las recientes caídas en las tasas hipotecarias, no ha habido un aumento significativo en los compradores, lo que impide un crecimiento más rápido de los precios.
Es notable que el 40% de las 50 áreas metropolitanas más pobladas de EE. UU. vieron una caída en los precios de las viviendas en julio. Austin, TX, experimentó la mayor caída con -1,6%, mientras que Indianápolis y Miami vieron los mayores incrementos, cada uno con un 1,2%.
레드핀의 최신 보고서에 따르면, 2024년 7월 미국 주택 가격이 0.2% 상승했습니다, 이는 두 번째 연속 월간 성장으로, 이는 2023년 1월 이후 가장 느린 증가율입니다. 전년 대비 가격은 6.8% 상승했으며, 6월의 7.3%에서 감소했습니다, 이는 1월 이후 가장 낮은 연간 증가폭입니다.
레드핀 주택 가격 지수(RHPI)에 기반한 이 보고서는 주택 공급 부족으로 인해 가격이 역사적인 최고치에 근접하고 있다고 전합니다. 최근 모기지 금리가 하락했음에도 불구하고 구매자 수에 대한 유의미한 증가가 없어 가격 상승이 가속화되지 못하고 있습니다.
특히, 미국에서 50개 가장 인구가 많은 대도시 지역의 40%가 7월에 주택 가격이 하락했습니다. 텍사스주 오스틴은 -1.6%로 가장 큰 하락을 경험했으며, 인디애나폴리스와 마이애미는 각각 1.2%의 최대 상승을 기록했습니다.
Le dernier rapport de Redfin révèle que les prix des maisons aux États-Unis ont augmenté de 0,2 % en juillet 2024, marquant le deuxième mois consécutif de croissance modeste. Ce taux est égal au rythme le plus lent depuis janvier 2023. Sur un an, les prix ont augmenté de 6,8 %, en baisse par rapport à 7,3 % en juin, atteignant la plus faible augmentation annuelle depuis janvier.
Le rapport, basé sur l'Indice des Prix des Maisons Redfin (RHPI), indique que les prix continuent d'atteindre des sommets historiques en raison d'une pénurie persistante de logements par rapport à la demande des acheteurs. Malgré les récentes baisses des taux hypothécaires, il n'y a pas eu d'augmentation significative du nombre d'acheteurs, ce qui empêche une croissance plus rapide des prix.
Il est à noter que 40 % des 50 zones métropolitaines les plus peuplées des États-Unis ont connu une baisse des prix des maisons en juillet. Austin, TX, a enregistré la plus forte baisse à -1,6 %, tandis qu'Indianapolis et Miami ont connu les plus fortes hausses avec 1,2 % chacune.
Der neueste Bericht von Redfin zeigt, dass die Immobilienpreise in den USA im Juli 2024 um 0,2% gestiegen sind, was den zweiten Monat in Folge eines moderaten Wachstums markiert. Dieser Anstieg ist der langsamste seit Januar 2023. Im Jahresvergleich stiegen die Preise um 6,8%, ein Rückgang gegenüber 7,3% im Juni, was den niedrigsten jährlichen Zuwachs seit Januar darstellt.
Der Bericht, der auf dem Redfin Hauspreisindex (RHPI) basiert, weist darauf hin, dass die Preise weiterhin auf historische Höchststände zusteuern, aufgrund eines anhaltenden Mangels an Wohnungen im Verhältnis zur Nachfrage der Käufer. Trotz kürzlicher Rückgänge bei den Hypothekenzinsen gab es keinen signifikanten Anstieg der Käufer, was eine schnellere Preisanstiegsrate verhinderten.
Bemerkenswert ist, dass 40% der 50 bevölkerungsreichsten Metropolregionen in den USA im Juli einen Rückgang der Immobilienpreise verzeichneten. Austin, TX, verzeichnete den größten Rückgang mit -1,6%, während Indianapolis und Miami die höchsten Zuwächse mit jeweils 1,2% verzeichneten.
- Home prices increased by 0.2% month-over-month in July 2024
- Year-over-year home prices rose by 6.8% in July
- Home prices continue to reach all-time highs, albeit at a slower pace
- The 0.2% monthly price increase is the slowest pace since January 2023
- Year-over-year price growth slowed to 6.8% from 7.3% in June
- 40% of the 50 most populous U.S. metro areas recorded a drop in home prices
- Largest price decline was in Austin, TX at -1.6%
Insights
The latest Redfin Home Price Index reveals a modest 0.2% increase in U.S. home prices for July, matching June's growth rate. This represents the slowest pace since January 2023, indicating a potential cooling in the housing market. The year-over-year increase of
Key takeaways:
- 40% of major metros saw price drops, up from just 8% in February
- Austin experienced the largest decline at
-1.6% - Indianapolis and Miami led gains at
1.2% each
The July housing data presents a nuanced picture of a market in flux. The continued price growth, albeit slow, amidst falling mortgage rates, highlights the persistent inventory shortage as a key market driver. This supply-demand imbalance is preventing more significant price corrections despite affordability concerns.
The increasing number of metros experiencing price drops (40% in July vs. 8% in February) signals a widening geographic divergence in market conditions. Tech-centric areas like Austin and San Francisco are seeing notable price declines, possibly due to sector-specific economic factors and remote work trends.
Looking ahead, the market appears to be in a holding pattern, with neither buyers nor sellers gaining a clear upper hand. This equilibrium could persist until external economic factors or significant policy changes alter the current dynamics, potentially leading to more pronounced market movements in the coming months.
Home prices grew
On a year-over-year basis, home prices rose
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. It’s similar to the S&P CoreLogic Case-Shiller Home Price Indices but is published more than one month earlier. July data covers the three months ending July 31, 2024.
Home prices continue to inch up to all-time highs—albeit more slowly than in previous months—because there is still a shortage of homes on the market relative to buyer demand. Mortgage rates have fallen considerably in recent weeks, but that has not yet translated into a significant increase in buyers, which in turn has prevented prices from rising more quickly.
“There aren’t enough sellers listing their homes to cause prices to fall and there aren’t enough buyers to create competition to drive prices up significantly,” said Redfin Senior Economist Sheharyar Bokhari. “Relatively low sales and gradual price increases will remain the status quo each month until one of those things changes.”
Metro-Level Summary: Redfin Home Price Index, July 2024
Twenty (
The biggest decline in July was in
To view the full report, including charts and additional metro-level data, please visit:
https://www.redfin.com/news/home-price-index-july-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/20240820008284/en/
Redfin Journalist Services:
Ally Braun, 206-588-6863
press@redfin.com
Source: Redfin
FAQ
What was the month-over-month change in U.S. home prices in July 2024 according to Redfin (RDFN)?
How did the year-over-year home price change in July 2024 compare to June for Redfin (RDFN)?
What percentage of the 50 most populous U.S. metro areas saw a decline in home prices in July 2024, according to Redfin (RDFN)?
Which U.S. metro area had the largest home price decline in July 2024, as reported by Redfin (RDFN)?
