{"id":129323,"date":"2026-05-14T04:56:08","date_gmt":"2026-05-14T07:56:08","guid":{"rendered":"https:\/\/ubirataonline.com.br\/did-u-s-home-prices-just-jump-higher-deseret-news\/"},"modified":"2026-05-14T04:56:11","modified_gmt":"2026-05-14T07:56:11","slug":"did-u-s-home-prices-just-jump-higher-deseret-news","status":"publish","type":"post","link":"https:\/\/ubirataonline.com.br\/en\/did-u-s-home-prices-just-jump-higher-deseret-news\/","title":{"rendered":"Did U.S. home prices just jump higher? \u2013 Deseret News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p class=\"c-paragraph\">Home prices are getting higher, heading up the most last month in more than a year.<\/p>\n<p class=\"c-paragraph\">The median sales price for a house in the U.S. reached $396,173 in April, a 1.6% increase from the previous month but 2.4% higher than April 2025, according to a <a href=\"https:\/\/www.redfin.com\/news\/home-prices-rise-april-2026\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.redfin.com\/news\/home-prices-rise-april-2026\/\">new analysis<\/a> by the online brokerage Redfin. <\/p>\n<p class=\"c-paragraph\">That\u2019s the biggest year-over-over price hike since March 2025, when the cost went up 2.5%.<\/p>\n<p class=\"c-paragraph\">The reason, Redfin says, is that buyers are starting to come off the sidelines. Economic uncertainty, stemming from President Donald Trump\u2019s tariff policies that have been struck down by the courts, has caused many Americans to <a href=\"https:\/\/www.deseret.com\/utah\/2025\/11\/03\/majority-in-utah-less-likely-to-buy-a-home-or-make-another-major-purchase-this-year-because-of-trumps-tariff-policy-new-deseret-newshinckley-institute-poll-finds\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.deseret.com\/utah\/2025\/11\/03\/majority-in-utah-less-likely-to-buy-a-home-or-make-another-major-purchase-this-year-because-of-trumps-tariff-policy-new-deseret-newshinckley-institute-poll-finds\/\">postpone big purchases<\/a>.<\/p>\n<p class=\"c-paragraph\">Now, economic indicators, including unexpectedly <a href=\"https:\/\/www.deseret.com\/business\/2026\/05\/08\/us-economy-hiring-jobs-report-growth-employment-sector-health-care-tech-jobs-ai\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.deseret.com\/business\/2026\/05\/08\/us-economy-hiring-jobs-report-growth-employment-sector-health-care-tech-jobs-ai\/\">strong hiring in April<\/a>, are seen as lessening recession fears and \u201clikely helped fuel a pop in housing demand,\u201d a Redfin <a href=\"https:\/\/www.redfin.com\/news\/home-prices-rise-april-2026\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.redfin.com\/news\/home-prices-rise-april-2026\/\">post<\/a> explained, pointing out that last month, pending home sales reached the highest level since February 2023. <\/p>\n<p class=\"c-paragraph\">The analysis looked at April data from the 50 most populated metropolitan areas of the country, a list that does not include any place in Utah. Redfin lists the <a href=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\/housing-market#trends\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.redfin.com\/city\/17150\/UT\/Salt-Lake-City\/housing-market#trends\">median sales price<\/a> for a home in the Salt Lake City area as $586,250 for March, up 13% from the same month last year.<\/p>\n<p class=\"c-paragraph\">There\u2019s a wide range of increases in median sales prices in April among the 50 metropolitan areas analyzed, from a 10.7% year-over-year boost in San Francisco to more than $1.7 million, to a 3.8% drop in Dallas, down to just under $409,000. <\/p>\n<p class=\"c-paragraph\">Even though that adds up to the biggest jump in prices in 13 months, the increase is still far below the just over 24% year-over-year growth measured in May 2021, during the COVID-19 pandemic <a href=\"https:\/\/www.deseret.com\/utah\/2022\/7\/8\/23198345\/us-housing-market-what-actually-cuased-pandemic-housing-rush-boom-federal-reserve-report\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.deseret.com\/utah\/2022\/7\/8\/23198345\/us-housing-market-what-actually-cuased-pandemic-housing-rush-boom-federal-reserve-report\/\">homebuying frenzy<\/a>. <\/p>\n<h3 id=\"Is-the-housing-market-still-sluggish\" class=\"dn-article-body__h3\">Is the housing market still sluggish?<\/h3>\n<p class=\"c-paragraph\">Despite the current modest acceleration in growth, the Redfin post expressed some caution.<\/p>\n<p class=\"c-paragraph\">\u201cIt\u2019s worth noting that while the housing market has been heating up, it\u2019s still more sluggish than it was in recent years,\u201d according to the post, with homes still taking \u201clonger to sell than they did a year ago, and sales and listings remain below pre-pandemic levels.\u201d<\/p>\n<p class=\"c-paragraph\">The real estate website Zillow called the federal government\u2019s April jobs report <a href=\"https:\/\/www.zillow.com\/research\/april-2026-jobs-report-36315\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.zillow.com\/research\/april-2026-jobs-report-36315\/\">\u201cStabilizing, Not Accelerating,\u201d<\/a> in a recent headline on a post stating that its data \u201cshows a resilient housing market with sales barely matching year-ago levels.\u201d<\/p>\n<p class=\"c-paragraph\">That\u2019s despite lower mortgage rates than a year ago, Zillow noted. <a href=\"https:\/\/www.deseret.com\/utah\/2026\/05\/01\/mortgage-rates-up-this-week-after-modest-declines-amid-iran-war-stalemate\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.deseret.com\/utah\/2026\/05\/01\/mortgage-rates-up-this-week-after-modest-declines-amid-iran-war-stalemate\/\">Mortgage rates<\/a> had dipped below 6% earlier this year, but climbed after the U.S. and Israel launched a war against Iran in late February, sending gas and other prices soaring, <a href=\"https:\/\/www.deseret.com\/business\/2026\/05\/12\/donald-trump-inflation-iran-war-strait-of-hormuz-petroleum-industry-gas-prices-interest-rates-federal-reserve-kevin-warsh\/\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.deseret.com\/business\/2026\/05\/12\/donald-trump-inflation-iran-war-strait-of-hormuz-petroleum-industry-gas-prices-interest-rates-federal-reserve-kevin-warsh\/\">fueling inflation<\/a>.<\/p>\n<p class=\"c-paragraph\">A 30-year, fixed-rate mortgage <a href=\"https:\/\/www.freddiemac.com\/pmms\" target=\"_blank\" rel=\"\" title=\"https:\/\/www.freddiemac.com\/pmms\">averaged<\/a> 6.37% for the week ending May 7, up from 6.3% for the prior week, according to the Federal Home Loan Mortgage Corporation known as Freddie Mac. A year ago, that rate averaged 6.76%.<\/p>\n<p class=\"c-paragraph\">\u201cHousing costs may have eased, but the cost of everything else is on the rise,\u201d the Zillow post said, adding that homebuyers \u201cneed confidence in job security, income growth, and their broader financial position.\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.deseret.com\/utah\/2026\/05\/12\/increase-in-us-housing-prices-in-april-the-highest-in-more-than-a-year\/\">Source link <\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Home prices are getting higher, heading up the most last month in more than a year. The median sales price for a house in the U.S. reached $396,173 in April, a 1.6% increase from the previous month but 2.4% higher than April 2025, according to a new analysis by the online brokerage Redfin. That\u2019s the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":129324,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow2JLhCw:productID":"","_gspb_post_css":"","maa_idioma":"","maa_pais":"","footnotes":""},"categories":[1],"tags":[14656,5758,2951,14091,3109,7105,4670],"class_list":["post-129323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ubirata","tag-deseret","tag-higher","tag-home","tag-jump","tag-news","tag-prices","tag-u-s"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Did U.S. home prices just jump higher? \u2013 Deseret News - Ubirat\u00e3 Online Not\u00edcias - A realidade ao seu alcance!<\/title>\n<meta name=\"description\" content=\"Home prices are getting higher, heading up the most last month in more than a year.The median sales price for a house in the U.S. reached $396,173 in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ubirataonline.com.br\/en\/did-u-s-home-prices-just-jump-higher-deseret-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Did U.S. home prices just jump higher? 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