#housing-prices

#housing-prices

On a median-priced home of $405,000, that equates to an extra $7,300 to $17,415. These overbids often include all-cash transactions, waived contingencies and faster closings. There are several reasons an investor might pay more than market value, Malone wrote. It can be a tactic to quickly close on a home, or it could be a speculative bet that the seller has underpriced a property. It could also simply be a lack of local knowledge.

Londoners pay a 42,700 premium to live close to a train or Tube station, new research suggests. A property in the capital that is 500m (0.31 miles) away from a station is 8% more expensive than a similar property 1,500m (0.93 miles) from one, a study by Nationwide found. In contrast, the premium is 4.9% (10,900) in Manchester and 4.6% (8,800) in Glasgow, the building society's study discovered.

The most affordable lake town in the U.S., according to their rankings, is Grenada, Mississippi. Located in north-central Mississippi, about 1.5 hours from both Jackson and Memphis, Grenada has a very low cost of living (just $2,493 a month) thanks in part to low average mortgage costs, which are around $708 a month. The average value of a single-family home is $123,711, and the median household income is $42,470.

Western Springs, Illinois took first place, while Massachusetts' own Lexington and Winchester placed second and third. Lexington experiences a property crime rate of 2.937 per 1,000 and a violent crime rate of 0.294 per 1,000. The annual cost of living there runs about $145,764 per household. The mean household income in the area sits just above $300,000. The average value for a single-family home in Lexington is $1,697,821.

According to Theiss' research, the Brooklyn-to-Staten Island migration came from just four neighborhoods - Sunset Park, Bensonhurst, Borough Park and Bay Ridge - and was most likely fueled by a disparity in real estate prices. Redfin's data showed that Brooklyn's median home sale price hovered at $850,000 in the first five months of 2025, while the average Staten Island home fetched approximately $712,000 during the same span.

On April 25, 2025, a 1,562-square-foot house at 435 Allegan Circle in San Jose sold for $1,480,000, translating to $948 per square foot.

The recent sale of a 2,003-square-foot home on Kiowa Court in Fremont for $1,500,500 highlights the evolving real estate market amidst increasing property prices.

A profitable Fannie Mae, one with a strong balance sheet and strong capital focused on delighting customers, means a safe and sound U.S. mortgage market.

The average house price in Sutton is 485,630, reflecting a 25.15% increase over the past five years due to rising property demand.