If home prices continue rising at an annual pace of 3% to 4%, $1 million could become the new threshold for homeownership, NAR's chief economist said.
By
Alcynna Lloyd
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By 2050, the US median home-sale price could be $1 million, according to a forecast from NAR's economist.
Rising home prices and s higher mortgage rates have pushed the income needed to afford a median-priced home up by nearly $50,000…
The number of metropolitan areas around the country with basic homes worth at least $1 million has tripled since 2020.
More than 75% of U.S. homes on the market are unaffordable for the typical household, according to a Bankrate analysis.
US housing market 2026: Explore the reasons behind the rising homeownership challenges for American families, despite increasing…
Despite sluggish home sales, monthly mortgage costs are up $140 since January.
“We see the housing market remaining relatively stuck without major progress being made on affordability,” home construction CEO…
