<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - More Americans are optimistic about buying a home in 2024"/><ul class="gnt_ar_sh"><li class="gnt_ar_sh_li">More affordable homes are coming onto the market.</li><li class="gnt_ar_sh_li">In May, there were 35.2% more homes for sale than a year earlier.</li><li class="gnt_ar_sh_li">Every region in the U.S. saw gains in May.</li></ul><p class="gnt_ar_b_p"><a target="_blank" href="http://www.usatoday.com/story/money/2024/04/19/interest-rates-today-mortgage-30-year-fixed/73385439007/" rel="noreferrer noopener" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a">Mortgage rates</a> are high, <a target="_blank" href="http://www.usatoday.com/story/graphics/2024/03/13/home-prices-most-least-expensive-counties/72845332007/" rel="noreferrer noopener" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a">home prices are lofty</a> and selection is slim.</p><p class="gnt_ar_b_p">There isn’t much to like about the housing market, except for one small positive: <a target="_blank" href="https://www.realtor.com/research/may-2024-data/" rel="noreferrer noopener" data-t-l=":b|z|k|${u}" class="gnt_ar_b_a">more affordable homes</a> are coming onto the market, according to real estate marketplace Realtor.com. </p><p class="gnt_ar_b_p">In May, the <a target="_blank" href="https://mediaroom.realtor.com/2024-06-04-Realtor-com-R-May-Housing-Report-Median-Price-Per-Square-Foot-Experiences-Monumental-Rise-Growing-52-7-Since-2019" rel="noreferrer noopener" data-t-l=":b|z|k|${u}" class="gnt_ar_b_a">national median listing price inched up</a> 0.3% to $442,500 from a year earlier, but price per square foot rose 3.8%, Realtor.com said. Since May 2019, the median listing price has jumped 37.5% while price per square foot soared 52.7%.</p><p class="gnt_ar_b_p">With huge price gains since 2019, homes don’t feel like a bargain. But Realtor.com says the big difference between the percentage changes in listing price and price per square foot indicates more affordable homes are for sale now.</p><p class="gnt_ar_b_p">“The share of inventory of smaller and more <a target="_blank" href="http://www.usatoday.com/story/money/2023/12/14/hot-housing-real-estate-markets-2024/71905910007/" rel="noreferrer noopener" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a">affordable homes</a> has grown, which helps hold down the median price even as per-square-foot prices grow further,” said Realtor.com’s chief economist Danielle Hale. “Some much-welcomed news for prospective buyers.”</p><p class="gnt_ar_b_p"><strong>Learn more:</strong> <a target="_blank" rel="noopener" data-t-l=":body nav (mort)|e|auto spike click:5|${u}" class="gnt_ar_b_a" href="https://www.usatoday.com/money/blueprint/mortgages/best-mortgage-lenders/">Best mortgage lenders</a></p><figure class="gnt_em gnt_em_img"><img class="gnt_em_img_i" style="height:463px" fetchpriority="high" data-g-r="lazy" src="https://www.usatoday.com/gcdn/authoring/authoring-images/2024/05/24/USAT/73842027007-1988624230.jpg?width=660&height=463&fit=crop&format=pjpg&auto=webp" srcset="https://www.usatoday.com/gcdn/authoring/authoring-images/2024/05/24/USAT/73842027007-1988624230.jpg?width=1320&height=926&fit=crop&format=pjpg&auto=webp 2x" decoding="async" alt="SAN ANSELMO, CALIFORNIA - FEBRUARY 05: A sign is posted in front of a home for sale on February 05, 2024 in San Anselmo, California. According to a report by Mortgage News Daily, the average rate for a 30-year fixed mortgage inched over 7 percent to 7.04 percent today for the first time since December."/></figure><h2 class="gnt_ar_b_mt">What’s an “affordable” home?</h2><p class="gnt_ar_b_p">In May, there were 35.2% more homes for sale than a year earlier, Realtor.com said, the seventh consecutive month inventory rose, which is good news for buyers in itself, it said. </p><p class="gnt_ar_b_p"><strong class="gnt_ar_b_al">Pay less to protect your home:</strong><a target="_blank" href="http://www.usatoday.com/money/blueprint/home-insurance/best-homeowners-insurance-companies/" rel="noopener" data-t-l=":b|e|spike click:9|${u}" class="gnt_ar_b_a">Best home insurance policies.</a></p><p class="gnt_ar_b_p">But “a deeper dive into the mix...</p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/personalfinance/2024/06/09/housing-market-more-affordable-homes/73978239007/">Read more <span>➤</span></a> </div>
