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The 'Front Page' of the U.S. Housing Market

The Home Buying Institute (HBI) has been covering the U.S. housing market since 2006. Every week, we bring you the latest news and trends from the real estate world. We report on the nation as a whole and also "drill down" to the city and metropolitan level.

Featured Articles for July 2019

We publish new reports every week, to help you keep up with the latest trends within the U.S. housing market. Here are some featured articles worth reading:

Top Trends Affecting First-Time Buyers
A recent report from the Joint Center for Housing Studies (JCHS) at Harvard University revealed some key housing market trends that could have an impact on first-time home buyers in 2019. Here's our analysis of those three factors, and how they might affect you.

Where Home Prices Might Have Peaked
Over the past few years, home prices in most U.S. cities rose steadily. But now they are leveling off in some area. This article looks at 14 housing markets where prices might have already peaked, as of summer 2019.

Current Assessment of the Housing Market: July 2019

Are we experiencing a buyer's market in 2019? Almost. After several years of seller-dominated real estate conditions, some housing markets across the country are starting to shift in favor of buyers. We expect to see a lot more of this in 2020. Home prices are slowing down in most U.S. cities, as of summer 2019. Thirty-year mortgage rates, meanwhile, continue to hover below the 4% threshold, giving borrowers a chance to lock in at historically low rates.

Home Prices at a Glance

The chart below, provided by the research team at Zillow, shows the median home value in the U.S. going back 10 years or so. As you can see, home values are rising more slowly now than in recent years. In July 2019, the company wrote: "United States home values have gone up 5.4% over the past year and Zillow predicts they will rise 2.5% within the next year."

U.S. home prices chart

Of course, housing market trends and conditions can vary greatly from one city or region to the next. The chart above applies to the nation as a whole. In some cities, they are leveling off -- or even dropping. Seattle, Washington; San Jose, California; and Portland, Oregon are three examples of housing markets where prices are currently dropping.

30-Year Mortgage Rate Trends

The chart below is based on the weekly mortgage industry survey conducted by Freddie Mac. It shows the average rate for a 30-year fixed mortgage over the past year or so. As you can see, rates are actually much lower now (summer 2019) than they were at the start of the year. This is a good opportunity for home buyers in the market for a loan.

Mortgage rate trends July 2019

About us: HBI is an independently owned and operated website not associated with any real estate or mortgage company. This allows us to remain unbiased, and to tell the real story as we see it. Brandon Cornett, HBI's lead writer, has been researching and writing about the U.S. housing market for more than 15 years.

Disclaimers: When reporting on U.S. housing market trends, we often cite third-party forecasts, predictions, etc. Such forecasts are the equivalent of an educated guess and should be treated as such. No one can predict the future of the housing market with total accuracy. HBI makes no claims or assertions about future real estate conditions.