For Week Ending July 27, 2024 According to ATTOM’s Q2 2024 U.S. Home Affordability Report, median priced single-family homes and condos were less affordable compared to historical averages in 99% of counties nationwide in the second quarter of the year. … Continue reading
August 1, 2024 Mortgage rates declined to their lowest level since early February. Expectations of a Fed rate cut coupled with signs of cooling inflation bode well for the market, but apprehension in consumer confidence may prevent an immediate uptick … Continue reading
For Week Ending July 13, 2024 U.S. homeowners with a mortgage saw their equity increase 9.6% year-over-year in the first quarter of 2024, an average gain of $28,000 and the highest number since 2022, according to CoreLogic’s Homeowner Equity Insights … Continue reading
July 18, 2024 The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week. Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the … Continue reading
Metro home prices hit record high despite higher rates and more inventory Signed purchase agreements fell 10.8%; new listings down 5.8% The median sales price increased 1.8% to $390,000 Market times rose 9.7% to 34 days; inventory up 10.6% to … Continue reading
