The number of home sales in the United States peaked in 2021 at almost seven million after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to 4.8 million. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

Housing Index in China decreased by 4.80 percent in February from -5 percent in January of 2025. This dataset provides the latest reported value for - China Newly Built House Prices YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q4 2024 about sales, median, housing, and USA.

Graph and download economic data for All-Transactions House Price Index for the United States (USSTHPI) from Q1 1975 to Q4 2024 about appraisers, HPI, housing, price index, indexes, price, and USA.

The average resale house price in Canada was forecast to reach nearly 836,000 Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach 1.2 million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was 1.9 million Canadian dollars in 2024.

Just as in many other countries, the housing market in the UK grew substantially during the coronavirus pandemic, fueled by robust demand and low borrowing costs. Nevertheless, high inflation and the increase in mortgage rates has led to house price growth slowing down. According to the forecast, 2024 is expected to see house prices decrease by three percent. Between 2024 and 2028, the average house price growth is projected at 2.7 percent. A contraction after a period of continuous growth In June 2022, the UK's house price index exceeded 150 index points, meaning that since 2015 which was the base year for the index, house prices had increased by 50 percent. In just two years, between 2020 and 2022, the index surged by 30 index points. As the market stood in December 2023, the average price for a home stood at approximately 284,691 British pounds. Rents are expected to continue to grow According to another forecast, the prime residential market is also expected to see rental prices grow in the next years. Growth is forecast to be stronger in 2024 and slow down in the period between 2025 and 2028. The rental market in London is expected to follow a similar trend, with Central London slightly outperforming Greater London.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

Graph and download economic data for S&P CoreLogic Case-Shiller CA-Los Angeles Home Price Index (LXXRSA) from Jan 1987 to Jan 2025 about Los Angeles, CA, HPI, housing, price index, indexes, price, and USA.

Housing markets are often characterized by price bubbles, and governments have instituted policies to stabilize them. Under this circumstance, this study addresses the following questions. (1) Does policy tightening change expectations in housing prices, revealing a regime change? (2) If so, what determines the housing market’s reaction to policy tightening? To answer these questions, we examine the effects of policy tightening that occurred in 2016 on the Chinese housing market where a price boom persisted in the post-2000 period. Using a log-periodic power law model and employing a modified multi-population genetic algorithm for parameter estimation, we find that tightening policy in China did not cause a market crash; instead, shifting the Chinese housing market from faster-than-exponential growth to a soft landing. We attribute this regime shift to low sensitivity in the Chinese housing market to global perturbations. Our findings suggest that government policies can help stabilize housing prices and improve market conditions when implemented expediently. Moreover, policymakers should consider preparedness for the possibility of an economic crisis and other social needs (e.g., housing affordability) for overall social welfare when managing housing price bubbles.

Graph and download economic data for Existing Home Sales (EXHOSLUSM495S) from Feb 2024 to Feb 2025 about headline figure, sales, housing, and USA.

House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In June 2024, house prices increased by 2.7 percent. According to the Nationwide Building Society, the average house price exceeded 265,000 British pounds in 2022. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

Number of crashes that occurred in each of the 21 counties of New Jersey and the total number of crashes for the years 2001 to current. Crashes that occurred on private properties are not included.

According to the forecast, the North East and Wales are the regions in the United Kingdom estimated to see the highest overall growth in house prices over the five-year period between 2024 and 2028. Just behind are North West, Yorkshire & the Humber, and Scotland, which are forecast to see house prices increase by 20.2 percent over the five-year period. In London, house prices are expected to rise by 13.9 percent.

description: The City of Chicago launched the Micro-Market Recovery Program (MMRP), a coordinated effort among the City, not-for-profit intermediaries, and non-profit and for-profit capital sources to improve conditions, strengthen property values, and create environments supportive of private investment in targeted markets throughout the city. The goal of MMRP is to improve conditions, strengthen property values, and create environments supportive of private investment in targeted areas by strategically deploying public and private capital and other tools and resources in well-defined micro-markets. This MMRP Violations and Inspections dataset contains Department of Buildings (DOB) Violations and associated Inspections that have occured at properties falling within an MMRP Zone. Permits, Cases and Violations can be linked to the MMRP Geographies dataset using ADDRKEY or ADDRGRPKEY. To link Violations and Inspections to their Permits and Cases use Violation PERMITORCASEKEY and link to Permits APKEY_PERMIT and Cases APKEY_CASE. *Note: Inspections are included only when at least one violation was written. Inspections without violations are not included in this dataset.; abstract: The City of Chicago launched the Micro-Market Recovery Program (MMRP), a coordinated effort among the City, not-for-profit intermediaries, and non-profit and for-profit capital sources to improve conditions, strengthen property values, and create environments supportive of private investment in targeted markets throughout the city. The goal of MMRP is to improve conditions, strengthen property values, and create environments supportive of private investment in targeted areas by strategically deploying public and private capital and other tools and resources in well-defined micro-markets. This MMRP Violations and Inspections dataset contains Department of Buildings (DOB) Violations and associated Inspections that have occured at properties falling within an MMRP Zone. Permits, Cases and Violations can be linked to the MMRP Geographies dataset using ADDRKEY or ADDRGRPKEY. To link Violations and Inspections to their Permits and Cases use Violation PERMITORCASEKEY and link to Permits APKEY_PERMIT and Cases APKEY_CASE. *Note: Inspections are included only when at least one violation was written. Inspections without violations are not included in this dataset.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at 678,282 Canadian dollars in 2023 and was forecast to reach 746,379 Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From 443,511 units sold, the annual number of home sales in the country is expected to rise to 453,704 in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

The average house price in Nova Scotia in 2024 stood at approximately 447,800 Canadian dollars. In the next year, house prices are forecast to further increase by about five percent. Compared to other provinces, Nova Scotia ranked below the national average in terms of house prices. However, the average price of a house in Nova Scotia was twice lower than in Ontario or British Columbia. Exploding population growth in recent yearsNova Scotia is the second-smallest province after Prince Edward Island, and had a population of just under one million in 2018. The population of this province was relatively steady between 2000 and 2015, but has taken off since then. This sudden growth may be a factor in the increasing house prices, as demand also increases due to the greater number of residents looking for homes. The future of housing affordability in Nova ScotiaHalifax, the provincial capital, had an affordable housing market as of 2018, with mortgage payments only constituting about 30 percent of average household incomes. The number of housing starts in the region has increased in the past few years, which also suggests an increase in demand. Only time will tell whether this will ensure a sufficient supply of homes for the region in response to its growing population.

It can be seen that the Northern Ireland house price index was 202.5 points in the third quarter of 2007, but during the global recession it decreased and never re-gained the pre-crash levels. As of the third quarter of 2023 the residential property price index in Northern Ireland was 161.8, up from 158.5 in the same period in the previous year.

The average house price in Saskatchewan was about 320,912 Canadian dollars in 2024, and according to the forecast, is set to increase in the next two years. However, house price growth in the province is expected to be slower than the national average. In terms of home prices, Saskatchewan is one of the most affordable provinces for housing. Saskatchewan: key factsSaskatchewan is a province located between Alberta and Manitoba north of the Canada-United States border. In 2023, the population of Saskatchewan was over one million, which placed it as the sixth most populous Canada province. However, the population has been on the rise since 2006, so this may change in the future. Future of the housing marketThe number of housing starts in the province has been falling since 2012, which suggests that either supply is outstripping demand or that it’s simply not profitable enough for property developers. Some real estate experts in the region believe that the falling price of oil is causing the housing market slowdown because there are fewer jobs in the region as a result. However, they expect that the market will pick up again in the near future.

House price growth in Italy slowed in 2022, falling below one percent in the second quarter of 2023. When adjusted for inflation, house price growth turned negative in the first quarter of 2021. In the third quarter of 2023, the inflation-adjusted year-on-year change in house prices amounted to -3.59 percent.

In 2024, Miami was the housing market most at risk, with a real estate bubble index score of 1.79. Tokyo and Zurich followed close behind with 1.67 and 1.51, respectively. Any market with an index score of 1.5 or higher was deemed to be a bubble risk zone.