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Greg McBride, CFA, Bankrate’s chief financial analyst, thinks the 30-year fixed will remain the dominant mortgage product. “A fixed-rate mortgage provides the certainty borrowers want,” he says.
🏡 Key housing market stats The median home-sale price as of September 2024 was $404,500 — the highest September median NAR has ever recorded and only about $20K short of the all-time high
2024 housing market forecast. Overall, Realtor.com forecasts that while mortgage rates will average 6.8% in 2024, they’ll edge down to 6.5% by the end of next year. Meanwhile, home prices will ...
2024 US home sales hit lowest level in nearly 30 years with ownership increasingly out of reach ... The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began ...
Growing home prices. Housing experts say home prices will continue to rise for the rest of 2024. Fannie Mae forecasts a nearly 5% price appreciation by the end of 2024. NAR predicts the year-end ...
The bank expects supply to remain tight but high rates to weigh on affordability, it predicted in its updated 2024 housing outlook.
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Post Falls, Idaho (83854) Projected price increase: 8.2% Home value (July 31, 2023): $483,973 Projected 2024 home price: $523,659 Housing Market 2023: The 10 Most Overpriced Housing Markets in the ...