U.S. Housing Prices Continue Record-Breaking Pace

July marked four straight months of record-breaking increases for housing prices nationwide, according to the latest housing market data.

Read Time: 1 minute

September 30, 2021, 9:00 AM PDT

By James Brasuell @CasualBrasuell

Lawns and Suburban Homes

Johnny Habell / Shutterstock

"Home prices continued their meteoric rise in July, increasing at a record 19.7% annually, as a greater supply of houses for sale drew eager buyers willing to pay top dollar," reports Tim Smart for the U.S. News and World Report, citing data from the S&P Corelogic Case-Shiller index released this week.

The new figures continue a record-setting trend. "July's increase followed an 18.7% increase in June, marking the fourth consecutive month of record price appreciation," adds Smart.

Prices are rising faster in some places than others. According to the data, prices are rising fastest in Phoenix, San Diego, and Seattle, "with gains of 32.4%, 27.8% and 25.5%, respectively." Prices seem to be rising almost everywhere, however: "Seventeen of the 20 cities surveyed saw higher price increases in the year ending July 2021 versus the year ending June 2021," writes Smart.

The article includes a soundbite from an expert who predicts the market should soon mellow into more typical seasonal patterns.

The rising cost of homeownership is mirrored in recent months by the rising cost of rent, leaving little room for opportunity in the housing market for anyone at low- and middle-income ranges in either market.

Tuesday, September 28, 2021 in U.S. World News and Report

Green bike lane with flexible delineators and textures paint in Hoboken, New Jersey

America’s Best New Bike Lanes

PeopleForBikes highlights some of the most exciting new bike infrastructure projects completed in 2022.

January 31, 2023 - PeopleforBikes

Aerial view of MBTA commuter rail station in Concord, Massachusetts among green trees

Massachusetts Zoning Reform Law Reaches First Deadline

Cities and towns had until January 31 to submit their draft plans for rezoning areas near transit stations to comply with a new state law.

February 1, 2023 - Streetsblog Mass

Green alley under construction

Green Alleys: A New Paradigm for Stormwater Management

Rather than shuttling stormwater away from the city and into the ocean as quickly as possible, Los Angeles is now—slowly—moving toward a ‘city-as-sponge’ approach that would capture and reclaim more water to recharge crucial reservoirs.

February 2, 2023 - Curbed

Covered pergolas for outdoor dining line the curb on Ballard Avenue, Seattle

Seattle Historic District Could Remove Street Dining

Despite the popularity of Ballard Avenue’s outdoor dining pergolas, some district board members argue the patios don’t match the district’s historic character.

February 7 - The Urbanist

Rendering of landscaped street with street trees and pedestrian sidewalk

South L.A. Complete Streets Project Back on Track

First proposed in 2015, the Broadway-Manchester redesign would add bike infrastructure, pedestrian improvements, trees, and other amenities.

February 7 - Urbanize LA

Spanish-style State Street commercial buildings in downtown Santa Barbara, California

Santa Barbara Expands ADU Program to Boost Housing

The city hopes that permitting larger ADUs and making adaptive reuse easier will help it meet its state-mandated goal of building over 8,000 new housing units by 2031.

February 7 - Noozhawk

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.