July marked four straight months of record-breaking increases for housing prices nationwide, according to the latest housing market data.
"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.
Read the full story: Home Prices Continue Record-Setting Pace, Rising 19.7 % in July
Housing Prices Rising Faster Than Any Point Since 2005
New home price data from CoreLogic puts numbers to the torrid 2021 housing market in the United States.
Miami Housing More Expensive Than New York City, Report Says
New data shows stratospheric housing costs in cities not named New York.
The Consequences of 'Runaway' Housing Prices
There's been no shortage of discussion and debate about what's causing the price of homes in the United States to skyrocket at record rates, but less discussion of the consequences for housing market trends on the broader economy.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Data reveals that NYC’s bet on congestion pricing has paid off
After almost two years of the program, reports show positive impacts on traffic and air quality and no disruptions to parking.
HUD modernizes 50-year-old manufactured housing framework
The Next Generation Manufactured Housing Action Plan establishes new energy-efficiency standards for manufactured homes, and new guidelines for anchoring them.
This Chicago neighborhood is using planning to increase life expectancy
The Garfield Park Quality-Of-Life Plan aims to bring residents everything from easier access to fresh food to revitalized commercial corridors.
Boston connects suburbs to the city with 5 free bus routes
The city will launch the new routes in 2027, and offer them for at least three years.
Who pays when a remote Alaska village can no longer stay?
A year after ex-Typhoon Halong, the struggle for two communities to find safer ground has become part of a national debate over who should bear the costs of the climate crisis.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
County of Mendocino
The Architects Foundation
University of Cincinnati Online
Montrose County
Northern Illinois Transit Authority (NITA)
The Pocatello Development Authority