According to ATTOM’s newly released Q1 2025 Opportunity Zones Report, median single-family home and condo prices rose from Q4 2024 to Q1 2025 in 48 percent of Opportunity Zones with sufficient data—while the national median price held steady during the same period. WATCH ATTOM #figuresfriday: Top 10 Opportunity Zones Where Median Home Price Nearly Doubled Annually ATTOM’s latest opportunity zones report noted that median prices rose year-over-year in 59% of Opportunity Zones, during a period when the national median increased by 8%. The ATTOM analysis found that as the U.S. housing market boom continued into in its 14th year, median prices grew more than 10 percent annually in close to half the Opportunity Zones analyzed. The report stated that these trends in and around low-income neighborhoods—where federal tax incentives aim to promote economic revitalization—continue a multi-year pattern of home prices in Opportunity Zones closely mirroring national market movements. This alignment …
Wyoming First-Time Home Buyer | Grants & Programs 2025
What to know about buying a house in Wyoming If you’re a Wyoming first-time home buyer, you’re aware that home prices in the Equality State have been rising fast — even more quickly than nationwide. That can be a real challenge when saving for a down payment. Fortunately, Wyoming offers some excellent help, including low-interest mortgages, home buyer education courses, and, if you’re eligible, down payment assistance of up to $15,000. Here’s how to get started. Verify your home buying eligibility in Wyoming. Start here In this article (Skip to…) Wyoming first-time home buyer programs The Wyoming Community Development Authority (WCDA)4 says its Standard First-Time Homebuyer product offers special mortgages with low fixed-interest rates. Your loan may also come with down payment assistance (more on that below). Verify your home buying eligibility in Wyoming. Start here As is usual with state-backed mortgage programs, these loans have income and purchase price …
Redfin Forecast: U.S. Home Prices Will Dip 1% By the End of 2025
Mortgage rates are forecasted to stay elevated near 7%. Redfin economists expect the median U.S. home-sale price to fall flat in the third quarter, and fall 1% year over year by the fourth quarter. When it comes to mortgage rates, we expect them to remain elevated near 7% for the remainder of the year. This marks a stark reversal from years of home-price increases. Aside from a brief period in 2023, home prices have been rising year over year since 2012 due to a prolonged seller’s market. Sale Prices Will Decline Because Inventory Is Rising While Sales Are Falling Home prices are expected to decline nationwide because there are more home sellers than homebuyers in the market. Homebuying demand is down, sales of existing homes fell 1.1% year over year in April to a six-month low, and the typical home that did sell took 40 days to do so–five …
New Listings Hit Highest Level in Nearly 3 Years
Would-be buyers are sidelined by record-high housing costs and economic instability, allowing inventory to pile up. New listings of U.S. homes for sale rose 8.4% year over year to their highest level in nearly three years during the four weeks ending May 18. But buyers aren’t biting: Pending sales fell 2.2%, dropping to their lowest level for this time of year in our records, which date back to 2015, and mortgage purchase applications are down 5% week over week. The uptick in listings and decline in sales are causing inventory to pile up. The total number of homes for sale rose 14.3% year over year to their highest level in nearly five years. Fewer Americans are buying homes because it’s more expensive to buy than it’s ever been, and economic unease is making people nervous about making such a big purchase. The median monthly housing payment hit an all-time high …
Home-Price Trends in Opportunity Zones Still Following National Patterns During First Quarter of 2025
Price Gains Inside Opportunity Zones Targeted for Economic Redevelopment Settle Down Along with Broader U.S. Housing Market During Slow Winter Period IRVINE, Cal. – May 22, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its first-quarter 2025 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017 (see full methodology below). In this report, ATTOM looked at 3,558 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the first quarter of 2025. The report found that median single-family home and condo prices increased from the fourth quarter of 2024 to the first quarter of 2025 in 48 percent of Opportunity Zones around the country with enough data to measure. That happened as the national median price remained the same. Medians were up annually …
U.S. Home Prices Tick Down 0.1% in April, the First Monthly Drop Since 2022
U.S. home prices in April nudged down 0.1%, the first month-over-month decline since September 2022. Home prices rose 4.1% year over year—the smallest increase since July 2023. Half of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Charlotte (-1%). U.S. home prices ticked down 0.1% in April on a seasonally adjusted basis, the first month-over-month decline since September 2022. Home prices were up 4.1% on a year-over-year basis, down from 4.9% growth in March. That’s the lowest annual price growth since July 2023. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold. It’s similar to the S&P …
Here Are the Most Expensive Home Sales of April
Most of April’s most expensive home sales were in beachfront Florida, with a pair of Beverly Hills estates and two luxury Manhattan condos rounding out the top 10. A trio of neighboring properties in Naples, FL, made up three of April’s most expensive home sales, including the most expensive: a beachfront estate that went for $133 million. All in all, six of last month’s most expensive home sales were in coastal Florida, and two were in Beverly Hills, CA. A pair of luxury Manhattan condos, both on Billionaires’ Row, round out the top 10. Half of April’s highest-priced home sales clocked in at more than $50 million, and all fetched $40 million or more. Waterfront Florida is typically home to the lion’s share of ultra-expensive home sales despite increasing risk of climate-driven disasters, such as hurricanes. The ultra-wealthy buyers of these homes typically have enough money in the bank to …
Real Estate Agent Commissions Haven’t Changed Much Since the NAR Settlement Took Effect
Buyer’s agents earned an average of 2.4% in commission in the first quarter. That’s up slightly from when the new NAR rules took effect in August, but down slightly from a year earlier. Broken down by price, the average buyer’s agent commission for $1 million-plus homes was 2.17%—down from 2.22% the quarter the new rules took effect. For homes that sold for under $500,000, it increased to 2.49% from 2.42%. Buyer’s agent commissions haven’t changed much since new real estate commission rules went into effect in the U.S. on August 17. The average buyer’s agent commission was 2.40% for homes sold in the first quarter. That’s up slightly from 2.37% in the fourth quarter of 2024 and 2.36% in the third quarter of 2024—when the new National Association of Realtors (NAR) commissions rules went into effect. But it’s down slightly from 2.43% in the first quarter of 2024, when the …
Inman Selects CMO Kara Taylor as 2025 Marketing All-Star
Taylor recognized among the marketers who drive success and impact across the real estate industry IRVINE, Calif. – May 13, 2025 – ATTOM, a leading curator of land, property data, and real estate analytics, is pleased to announce that for a third year in a row, Kara Taylor, CMO for ATTOM, has been named a recipient of the Inman 2025 Marketing All-Stars Award, recognizing the professionals who foster marketing and advertising excellence and connection within the real estate community. Inman’s 2025 Marketing All-Stars Award celebrates 99 of the most creative and boundary-pushing marketers. Taylor is featured in the 2025 class for her unique ability to blend data, creativity, and strategic insight to propel industry innovation and elevate ATTOM’s position as a leader in property data solutions. This is the third year Inman is celebrating the individuals who have made a lasting impact on the industry through innovative campaigns, brand leadership, and marketing that …
Top 10 Equity-Rich ZIPs in Q1 2025
According to ATTOM’s just released Q1 2025 U.S. Home Equity & Underwater Report, 46.2 percent of mortgaged residential properties nationwide were equity-rich—defined as having combined loan balances amounting to no more than 50 percent of the property’s estimated market value. WATCH: ATTOM #figuresfriday Top 10 Equity-Rich ZIPs in Q1 2025 The latest home equity and underwater analysis compiled by ATTOM found the share of equity-rich homes declined from 47.7 percent in Q4 2024 and has fallen each quarter since peaking at 49.2 percent in Q2 of last year. Despite the decline, the rate remains historically high—nearly double the level seen in Q1 2020. ATTOM’s first-quarter home equity and underwater report noted that the decline in equity-rich properties was widespread, with 47 states seeing decreases from Q4 2024 to Q1 2025. However, compared to a year ago, the rate was still higher in 33 states —underscoring that this recent dip is …