Housing Market Trends

The topic page covers the evolving dynamics of the U.S. housing market, focusing on the impact of mortgage rates, home prices, and rental costs. It explores how rising mortgage rates and home prices have made homeownership less affordable, driving many to rent instead. The content discusses the role of real estate investors, regulatory changes affecting real estate commissions, and the growing interest in alternative housing options like tiny homes. Additionally, it highlights regional variations in housing trends, the influence of economic factors such as inflation, and predictions for future market conditions. Guidance for prospective buyers and renters, including financial strategies and new legislation, is also provided.

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Condo prices dropped 2.2% in May, the second-largest decline

East Coast condos proved the exception, with some prices increasing

July, 3rd, 2025 By Mark Huffman

U.S. condo prices fell 2.2% year over year in May—the second-largest drop on record.

Condo sales dropped nearly 12%, with listings piling up and time on market increasing.

Florida and Texas metros saw the sharpest declines in both prices and sales.

The U.S. condominium market is feeling the strain of rising costs and buyer hesitation, according to a new report from Redfin. In May, the median condo sale price fell 2.2% year over year to $354,100—the second-largest de...

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