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Some specific housing markets are becoming even more attractive for buyers. The 30-year mortgage rate dropped to 6.47% as of August 8 — its lowest rate in more than a year, according to Freddie ...
But housing experts expect there to be more homes on the market next year as buyers and sellers come to terms with today’s higher-rate world. The housing market has been effectively stuck since ...
First-time buyers struggle with housing market According to Bankrate’s Financial Security survey in 2023, 74 percent of U.S. adults consider homeownership an important part of the American dream.
As the new year kicked off, more buyers trickled into the housing market. According to Redfin, mortgage-purchase applications were up 3% compared to a month ago during the first week of January ...
In expensive parts of the country, any mortgage rate savings can help spark buyer interest, said Tim Nguyen, a real estate agent in Santa Clara, Calif., where the median home lists for more than ...
The same report also shows that the higher the income, the higher the success rate of landing a home purchase. The percentage of successful homebuyers is 42% for households earning $100,000 or ...
According to the Mortgage Bankers Association, average mortgage applications for existing home sales in December increased 8% from the previous month, and so far in January, have improved 10%.
An NBC News analysis of Redfin data shows that, nationally, the available housing stock can meet 2.6 months of demand, given the current rate at which homes are leaving the market.