Latest news with #HannahJones
Miami Herald
3 days ago
- Business
- Miami Herald
A New England city was just named the hottest US housing market again
Not unlike a drink cooler on a scorching summer day, the hottest metros in the U.S. real estate market are mostly trying to maintain their temperature in generally uncomfortable conditions. The residential housing market continues to show signs of softening amid an uncertain economic outlook for the remainder of 2025. Don't miss the move: Subscribe to TheStreet's free daily newsletter While qualified buyers still face 30-year mortgage rates hovering between 6-7% and elevated post-pandemic home prices, the macro dynamics are swinging away from sellers in many areas of the country. However, that's not exactly the case in the Northeast, where median list prices were up slightly in June compared to flat or declining averages in the South, West, and Midwest. June housing data revealed the inventory of homes climbed 28.9% year-over-year, now sitting north of one million active listings. While that's still 13% below pre-pandemic levels, it continues a trend dating back to late 2023. Sellers have been understandably slow to adjust to expectations after a recent seller-friendly run, but nationwide price cuts, median days on market and delistings were on the rise in June. Zillow's Market Heat Index still points to an overall neutral market, so things vary by region. Related: Nearly 95% of homebuyers in this major US city want to move away With demand holding steady as buyers seek more affordability outside of major metros, prices are still growing modestly in New England, as well as the upper Midwest. But that's not the case everywhere. "Despite this demand, only three of the nation's 50 largest metropolitan areas remain affordable for the typical household, highlighting the ongoing challenges around housing affordability," Realtor's Hannah Jones wrote. Already facing lagging construction and the largest supply gap among the four major U.S. regions, the Northeast also saw the slowest inventory growth in June (+17.6%). Those underlying factors are keeping agents especially busy in the greater New England area. For the second consecutive month, Springfield, Massachusetts - home of the Naismith Memorial Basketball Hall of Fame - was named the hottest U.S. market in June 2025 report. It was the city's fifth appearance in the top spot. More News: Moody's drops 2-word warning on housing marketFormer Warren Buffett exec makes bold real estate betDave Ramsey has blunt advice on bankruptcy for Americans buying a home now Situated 95 miles west of Boston and 27 miles north of Hartford, Connecticut, Springfield is nestled in southwestern Massachusetts and is home to nearly 155,000 people, approximately one-fourth the population of the capital city. Springfield also remains below the national average in median days on market (23 compared to 53 nationally) and median list price ($373,000 compared to $440,950 nationally in June). Amherst Town-Northampton (No. 6) and Worcester (No. 12) also represented Massachusetts high on the list, both with median list prices in the mid-500s. In total, 13 of the top 20 hottest markets were located in the Northeast, including Hartford (CT), Rochester (NY), Concord (NH), Manchester (NH), Norwich (CT), Binghamton (NY), Lancaster (PA), Erie (PA), Providence (RI), and Reading (PA). Related: Top 5 states where foreign buyers are scooping up US real estate The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
CBS News
6 days ago
- Business
- CBS News
Pittsburgh is the only U.S. city where it's cheaper to buy a home than rent, report says
Pittsburgh is the only city where it's cheaper to buy a home than rent, according to a new report. says renting is more affordable than buying in 49 of the 50 largest U.S. cities, except for Pittsburgh. According to June rental report, leasing a median home in Pittsburgh cost $1,473 last month, which is well below the national median asking rent of $1,711. Meanwhile, purchasing a starter home in the Steel City costs $1,362 a month. Economists said they got that figure by assuming a 9% down payment with a 30-year fixed mortgage, before tacking on HOA fees, taxes and homeowners insurance. Buying over renting in Pittsburgh will result in a monthly savings of $111, which seems like a pretty good deal when you consider that in 49 of 50 top metros, buying a starter home costs $908 more than renting one in June. "Pittsburgh remains one of the most affordable places in the U.S. to live and to buy a home," senior economic research analyst Hannah Jones said on the website. "It's the only major market where buying a home is cheaper than renting, and one of just three large metros where a median-income household can afford a median-priced home." says since 2019, home prices in Pittsburgh have gone up about 31% while rents have jumped about 40%, pushing the cost of renting beyond the cost of buying.
Axios
15-07-2025
- Business
- Axios
NWA's manor-style homes are pricier, harder to find
The hottest homes on the market aren't the showiest — they're the ones buyers can still afford, finds. Why it matters: In today's expensive market, fierce competition for cheaper homes is driving up their prices. By the numbers: Median asking prices for English-inspired and Mediterranean homes were the highest in Northwest Arkansas, and each accounted for a smaller share of local listings than other styles. Nationally, median asking prices for colonial and traditional homes, some of the most affordable styles, jumped 5.6% in May from a year earlier. That's the biggest increase of any architectural style researchers analyzed. The other side: Sprawling Mediterranean-style homes, common in costly areas like Los Angeles and Miami, saw prices flatten. The big picture:"In general, higher-price home styles have appreciated less than lower-priced styles in the past year, a nod to economic and policy uncertainty as well as the rising cost of ownership," Hannah Jones wrote in the report. Reality check: No matter the look, home prices have soared since the pandemic. The median U.S. home sold in the first quarter cost roughly $417,000 — 33% more than in 2019, according to federal data. The average selling price for a single-family home during the second half of 2024 in Benton County was $449,750. It was $402,322 in Washington County. Zoom in: Colonial and traditional style homes, including the ever-present farmhouse, made up around half of all single-family listings in May.
Yahoo
13-07-2025
- Business
- Yahoo
Home Values Are Surging in These 10 Cities as Demand Heats Up
While home value growth has slowed nationally, there are pockets in the Midwest and Northeast that continue to see astonishing double-digit growth—and they are not necessarily where you might expect. 'The Northeast and the Midwest are home to some of the hottest markets in the country,' says Selma Hepp, chief economist at Cotality. Decatur, IL, leads the nation with annual home sales price growth of 12.4%, according to property data firm Cotality's latest home price index insights report, which analyzed median sales prices for May. And West Virginia sees no fewer than three markets with double-digit price growth on the top 10 list. Driving superior growth in the top markets are affordability, continued demand, and scarcity of inventory. 'The variation in home price growth is largely driven by the availability of homes for sale,' says the report. Markets that saw continued demand without corresponding rebounds in inventory saw the highest surge in prices. 'Affordable markets across the country continue to garner attention from home shoppers,' affirms Hannah Jones, senior economic research analyst at 'Increased demand has driven up competition and pushed home prices higher in these markets while other well-supplied, higher-priced markets have seen home prices level off or even fall. Home supply in the Midwest and Northeast continues to struggle to keep up with buyer demand, which has kept upward pressure on home prices.' 'What we're seeing is the flight to affordability and how growing demand in previously overlooked or stagnant markets is now pushing pricing upward,' of Corcoran, who was the first female broker to be cast on Bravo's 'Million Dollar Listing New York,' tells At the state level, Illinois had the highest annual home price growth, up 6.4% year over year. It's followed by Rhode Island, New Jersey, Wyoming, and Connecticut, which all continue to record more than triple the national rate of price growth. Midwest markets such as Indianapolis, Kansas City, MO, and Knoxville, TN, and markets surrounding the New York metro, continue to outpace their pre-pandemic trends in May. The Midwest is due to affordability, and the New York City outer-suburbs are due to their proximity to the urban center. Still, these hot markets don't signal an overall hotness in prices. Nationwide, year-over-year price growth dipped to 1.8% in May 2025, down from 5% price growth last May and the slowest since winter 2012. High interest rates and home prices are pulling sales trajectories downward. 'While the national home price index continues to move up, the rate at which it's climbing has slowed considerably,' says Hepp. These are the markets with the most price growth year over year: Price growth: 12.4% Median list price: $149,900 Situated around Lake Decatur and the Sangamon River, the community offers plenty of opportunities for water sports such as fishing, boating, and waterskiing. It also boasts a 1,300-acre park for hiking, biking, and running. Price growth: 12% Median list price: $150,000 Just 45 minutes away from Pittsburgh, this market is popular with commuters looking for a more rural vibe and more bang for their buck, as that bigger city has a much larger median price tag of $250,000. Price growth: 11.9% Median list price: $327,000 Just a 2.5-hour commute to Minneapolis, the small port city on Lake Superior is known for its summer destination sandbar Park Point, where billionaire Kathy Cargill made headlines last year after buying up multiple properties on the longest freshwater sandbar for well over their value, then reportedly changing her mind about her plans for the area after significant backlash. Price growth: 10.6% Median list price: $369,900 Just an hour from Albany and huddled on the Hudson River, Glens Falls has a historic and walkable downtown area. Don't confuse it with Glen Falls, in the Catskills. 'It makes sense that a small, post-industrial city like Glens Falls that has robust older housing stock, a quaint downtown, and proximity to amazing destinations like Lake George and Saratoga Springs is seeing price growth right now,' says Jordan. Price growth: 10.6% Median list price: $165,000 Just an hour away from Indianapolis, this more affordable city is home to Ball State University. According to its community page, Muncie 'has become THE HOT real estate market in Indiana.' Price growth: 10.5% Median home price: $170,000 Nestled along the Ohio and Little Kanawha rivers, Parkersburg has a charming downtown area with plenty of shops, live events, craft breweries, and restaurants. Price growth: 10.4% Median home price: $187,450 Charleston is the state's capital and is known for a vibrant arts scene, museums, and its Capitol Market, which hosts dozens of food vendors in a former freight station. Price growth: 10.2% Median home price: $327,000 Located on the Long Island Sound and boasting its own beach at Seaside Park, Bridgeport is on the Amtrak line and has remained relatively affordable despite being a short commute to the famously expensive New York City metro suburbs of Greenwich and Stamford. Price growth: 10.2% Median home price: $469,000 Located at the confluence of the Clearwater and Snake rivers, Lewiston is named for famous explorers Lewis and Clark. Its proximity to the water offers plenty of opportunity for water sports and its dry, temperate climate makes it popular with outdoor enthusiasts. Price growth: 10.1% Median home price: $360,000 The other Lewiston on the list is the second most populous city in Maine, and is north of the most populous city, Portland, in the Maine Lakes and Mountains region. 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South Wales Guardian
12-07-2025
- Sport
- South Wales Guardian
Exhibition celebrates Carmarthenshire women in sport
Smashing Boundaries: Celebrating Carmarthenshire's Women in Sports opened at Parc Howard Museum back on International Women's Day, March 8, and will run until October 19. The display honours the contributions of female athletes from across Carmarthenshire—many of whom have not previously received wide recognition, organisers say. Councillor Hazel Evans, Carmarthenshire County Council's cabinet member for regeneration, leisure, culture, and tourism, said: "Smashing Boundaries gives long-overdue recognition to the achievements of women in Carmarthenshire's sporting history. "It's vital that we continue to uncover and share these stories, so they become a visible part of our collective heritage. "Projects like this are crucial for promoting equality in sport and encouraging young people, particularly girls, to see what's possible." Developed by CofGâr with funding from the Sporting Heritage Network, the exhibition was inspired by research from volunteer Hannah Jones, whose family history helped shape the project. CofGâr worked with local sports clubs, colleges, and Actif Sport and Leisure to gather stories and highlight the growing opportunities in women's sport. A team of young curators from across Carmarthenshire helped shape the exhibition, taking part in workshops on interviewing and filmmaking and gaining hands-on experience in research and exhibition development. The curators interviewed sportswomen from around the county and helped create the exhibition displays and written materials. On show are donated and loaned items such as jerseys, medals, and trophies, each accompanied by personal stories and interpretation. The exhibition features athletes from the past—including Margaret Jennings and Molly Phillips—as well as more recent figures like Lisa Pudner and Lynne Thomas. Up-and-coming talents are also represented, including Maygan Fox, a rising star in jujitsu. One of the latest additions is a Welsh football jersey worn by Llandeilo-born Ffion Morgan during the Euro 2025 qualifiers. Ms Morgan is currently representing Wales in the championships in Switzerland. Following its run at Parc Howard Museum, Smashing Boundaries is expected to tour other venues across the county. The exhibition aims to inspire the next generation of athletes by making these stories a visible part of Carmarthenshire's sporting heritage.
