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June 18, 2026

  • Jun 18
  • 2 min read

New Record for Median Home Prices

NBC Bay Area

New numbers released by CAR show the median price for a single-family home in the state is $930,260 as of May 2026. The record is a 2.3% jump since April 2026, which is more than double the historical average increase between the two months.


In the Bay Area, the region also set a record high last month with a median price for a single-family home at $1.45 million — a 3.6% jump from April.




Why Hazard Insurance is Becoming a Housing Market Constraint

Housingwire

Across wide swaths of the United States, homeowners and renters are finding that hazard insurance – the often-overlooked prerequisite for every mortgage, lease and property transaction – is harder to obtain, harder to afford or simply unavailable at any price.


What once seemed a regional issue confined to coastal hurricanes or Western wildfires has become a national stress fracture, affecting housing markets, household and insurance organization balance sheets and state budgets.

If this trajectory continues unchecked, hazard insurance will not only strain household finances. It will increasingly act as a hard constraint on housing supply, homeownership, and economic mobility—especially in regions already grappling with affordability pressures.




More Young Adults Live with Parents as Housing Costs Rise

Real Estate News

The total number of adults under 35 who live with their parents has hit a new record of 25.2 million as rising housing costs continue to present barriers to homeownership for many young Americans, according to a new Realtor.com report.


Though largely educated and employed, these young adults are still stymied by a lack of affordability, Realtor.com Senior Economist Hannah Jones said.


"What's holding them back isn't a lack of qualifications, but rather, at least in part, a lack of housing they can actually afford," Jones said in the report. "This is a supply story, not an employment story."




US Buyer’s Market Hits its Strongest Point in Years, Redfin Data Shows

Mortgage Professional Magazine

There are nearly half a million more home sellers than buyers in the US housing market — nearly 47 percent more — giving buyers significant negotiating power heading into mid-2026. This is according to Redfin’s May 2026 buyers-versus-sellers report published June 9.


Sellers entering the market hit a six-year high in May, while homebuying demand remained flat. The gap widened slightly from 46.4 percent in April, though it remains below the December 2025 peak of 49.5 percent.




Mortgage Rates are Now Falling but Demand is Still Weaker

CNBC

A mixed week for mortgage rates resulted in less demand from both current homeowners and potential homebuyers. Total mortgage application volume fell 3.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.


The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, remained unchanged at 6.60%, with points remaining unchanged from 0.63, including the origination fee, for loans with a 20% down payment.




 
 
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