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

The Housing Affordability Index value in the United States plummeted in 2022, surpassing the historical record of 107.1 index points in 2006. In 2024, the housing affordability index measured 98.1 index points, making it the second-worst year for homebuyers since the start of the observation period. What does the Housing Affordability Index mean? The Housing Affordability Index uses data provided by the National Association of Realtors (NAR). It measures whether a family earning the national median income can afford the monthly mortgage payments on a median-priced existing single-family home. An index value of 100 means that a family has exactly enough income to qualify for a mortgage on a home. The higher the index value, the more affordable a house is to a family. Key factors that drive the real estate market Income, house prices, and mortgage rates are some of the most important factors influencing homebuyer sentiment. When incomes increase, consumer power also increases. The median household income in the United States declined in 2022, affecting affordability. Additionally, mortgage interest rates have soared, adding to the financial burden of homebuyers. The sales price of existing single-family homes in the U.S. has increased year-on-year since 2011 and reached 389,000 U.S. dollars in 2023.

Existing Home Sales in the United States increased to 4260 Thousand in February from 4090 Thousand in January of 2025. This dataset provides the latest reported value for - United States Existing Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of U.S. home sales in the United States declined in 2023, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2023, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes are expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Only 15 percent of U.S. renters could afford to become homeowners and in metros with highly competitive housing markets such as Los Angeles, CA, and Urban Honolulu, HI, this share was below five percent. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 387,000 U.S. dollars in 2023 and was forecast to increase slightly until 2025. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

Graph and download economic data for Existing Home Sales: Housing Inventory (HOSINVUSM495N) from Feb 2024 to Feb 2025 about inventories, sales, housing, and USA.

In 2022, the total prize money received at horse races administered by the National Association of Racing (NAR) in Japan amounted to approximately 28.5 billion Japanese yen. NAR is one of two organs responsible for the administration of horse racing in Japan. NAR covers horse racing matters in the countryside, while the other organization, the Japan Racing Association (JRA), administers horse racing in metropolitan areas.

The U.S. housing market has seen significant price growth since 2011, with the median sales price of existing single-family homes reaching a record high of 408,000 U.S. dollars in 2024. This represents a substantial increase of 133,000 over the past five years, highlighting the rapid appreciation of home values across the country. The trend of rising prices can also be observed in the new homes sold. Regional variations and housing shortage While the national median price provides a broad overview, regional differences in home prices are notable. The West remains the most expensive region, with prices twice higher than in the more affordable Midwest. This disparity persists despite efforts to increase housing supply. In 2024, approximately 982,000 building permits for single-family housing units were granted, showing a slight increase from previous years but still well below the 2005 peak of 1.68 million permits. The ongoing housing shortage continues to drive prices upward across all regions. Market dynamics and future outlook The number of existing home sales has plummeted since 2020, reflecting the growing cost of homeownership. Factors such as high home prices, unfavorable economic conditions, and aggressive increases in mortgage rates have contributed to affordability challenges for many potential homebuyers. Despite these challenges, forecasts suggest a potential recovery in the housing market by 2025, though transaction volumes are expected to remain below long-term averages.

In 2022, the attendance at horse races administered by the National Association of Racing (NAR) in Japan amounted to approximately 2.1 million. NAR is one of two organs responsible for the administration of horse racing in Japan. NAR covers horse racing matters in the countryside, while the other organization, the Japan Racing Association (JRA), administers horse racing in metropolitan areas.

Graph and download economic data for Existing Single-Family Home Sales from Feb 2024 to Feb 2025 about 1-unit structures, family, sales, housing, and USA.

In 2022, the total off course betting net sales of horse racing administered by local authorities in Japan amounted to approximately 1.07 trillion Japanese yen. The National Association of Racing (NAR) is one of two organs responsible for the administration of horse racing in Japan. NAR covers horse racing matters in the countryside, while the other organization, the Japan Racing Association (JRA), administers horse racing in metropolitan areas.

Graph and download economic data for Existing Home Sales: Months Supply (HOSSUPUSM673N) from Feb 2024 to Feb 2025 about supplies, sales, housing, and USA.

Total Housing Inventory in the United States increased to 1240 Thousands in February from 1180 Thousands in January of 2025. This dataset includes a chart with historical data for the United States Total Housing Inventory.

Graph and download economic data for Median Sales Price of Existing Homes (HOSMEDUSM052N) from Feb 2024 to Feb 2025 about sales, median, housing, and USA.

Graph and download economic data for Housing Affordability Index (Fixed) (FIXHAI) from Jan 2024 to Jan 2025 about fixed, housing, indexes, and USA.

Graph and download economic data for Median Sales Price of Existing Single-Family Homes (HSFMEDUSM052N) from Feb 2024 to Feb 2025 about 1-unit structures, family, sales, median, housing, price, and USA.

Graph and download economic data for Existing Home Sales in Northeast Census Region (EXHOSLUSNEM495N) from Feb 2024 to Feb 2025 about Northeast Census Region, sales, housing, and USA.

Graph and download economic data for Existing Home Sales in South Census Region (EXHOSLUSSOM495S) from Feb 2024 to Feb 2025 about South Census Region, sales, housing, and USA.

Graph and download economic data for Existing Single-Family Home Sales: Housing Inventory (HSFINVUSM495N) from Feb 2024 to Feb 2025 about 1-unit structures, inventories, family, sales, housing, and USA.

Graph and download economic data for Existing Home Sales in Midwest Census Region (EXHOSLUSMWM495S) from Feb 2024 to Feb 2025 about Midwest Census Region, sales, housing, and USA.

Graph and download economic data for Existing Single-Family Home Sales in Midwest Census Region (EXSFHSUSMWM495N) from Feb 2024 to Feb 2025 about Midwest Census Region, 1-unit structures, family, sales, housing, and USA.