Prospective buyers visit an open house in West Hempstead, New York. Raychel Brightman/Newsday RM via Getty Images Existing home sales fell in August, according to the National Association of Realtors. While the market seems to be cooling off, it's partly because prices are too high for many buyers. The median existing home jumped to $356,700 last month, a 14.9% increase from 2020. See more stories on Insider's business page. The housing market cooled off slightly last month, but that's not exactly good news for homebuyers.

BING NEWS:
  • A developing issue? Why inventory, pricing and supply shortages are giving home builders, developers heartburn (PHOTOS)
    Materials prices force builders to delay listing homes they are finishing, which only exacerbates limited supplies that are helping fuel the seller's market.
    10/15/2021 - 12:48 am | View Link
  • Housing In Q4: Will Anything Be Affordable?
    The housing market is continuing to run hot with fewer ... A credit counselor or good lender can help you make a plan to boost your score. This might include consolidating debt or—if you don ...
    10/8/2021 - 2:27 am | View Link
  • The housing market is slowing—but don’t mistake it for a crash
    The data is pretty clear: The housing market is slowing. There isn't just one reason why the housing market—which went on a historic run during the pandemic—is cooling down. Some of it can be ...
    10/5/2021 - 1:19 pm | View Link
  • The housing market is cooling down but not for a good reason: first-time homebuyers have been priced out
    The housing market cooled off slightly last month, but that's not exactly good news for homebuyers ... the first time in about three years, people no longer cite bidding wars as the main reason ...
    09/25/2021 - 7:14 am | View Link
  • The housing market is cooling down but not for a good reason: first-time homebuyers have been priced out
    The median price for an existing home jumped nearly 15% from August 2020 to August 2021, according to the National Association of Realtors.
    09/25/2021 - 12:44 am | View Link
  • More
BING SEARCH:
  • Denver Housing Market: Prices | Trends | Forecast 2021-2022
    This trend is largely driven by low interest rates. According to the Colorado Association of Realtors, the median Colorado single-family home price topped $500k for the first time in April. In August 2021, the median price in the Colorado housing market (statewide) was $520,000, up +15.6% year-over-year. The Average Sales Price was $651,055, up ...
    10/14/2021 - 5:25 pm | View Website
  • Housing Market Predictions 2021 & 2022: Crash or Boom Next?
    There are reasons to believe that the housing market will remain tight in 2021 because there are first-time buyers (Millennials) coming into the market. In fact, first-time buyers accounted for 31% of sales in June 2021, also even with May but down from 35% in June 2020.
    10/14/2021 - 2:19 pm | View Website
  • United States housing bubble
    The United States housing bubble was a real estate bubble affecting over half of the U.S. states.It was the impetus for the subprime mortgage crisis.Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history.
    10/13/2021 - 7:21 pm | View Website
  • United States housing market correction
    United States housing prices experienced a major market correction after the housing bubble that peaked in early 2006.Prices of real estate then adjusted downwards in late 2006, causing a loss of market liquidity and subprime defaults. A real estate bubble is a type of economic bubble that occurs periodically in local, regional, national or global real estate markets.
    10/13/2021 - 6:06 am | View Website
  • Corporate homebuyers take unfair bite out of Colorado ...
    Red-hot Colorado Springs housing market may be cooling 'a little bit' The Colorado Springs-area housing market remained hot in August, though there are signs that it might be cooling slightly.
    10/12/2021 - 9:23 pm | View Website
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