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Overall, in five years, he expects prices to have appreciated a total of 15 to 25 percent. McBride predicts home prices will average low- to mid-single-digit annual appreciation over the next five ...
The housing market has been rapidly evolving. Home prices surged in 2020 as mortgage rates plummeted, and over the past couple of years, we've seen a slight cooling of the market as mortgage rates...
Fannie Mae forecasts a nearly 5% price appreciation by the end of 2024. NAR predicts the year-end median price on existing homes will hit $393,000, up from $387,000 in 2023. "One thing that seems ...
The most recent forecast is for two cuts in 2024: The Federal Reserve is expected to start lowering its key rate by spring, slashing it from a 22-year high of 5.25% to 5.5% to as low as 4% to 4.25 ...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
A $500,000 30-year fixed mortgage would’ve cost $2,089 a month in principal and interest back when rates were at a record low of 2.93 percent, according to Bankrate’s mortgage calculator. That ...
As mortgage rates soared, the housing market experienced a prolonged slump. The annual pace of home sales went from more than 6 million in early 2022 to less than 4 million in late 2023, according ...
And for the week ending Aug. 24, 2023, the 30-year fixed-rate mortgage reached its highest level since 2001 — at 7.23% — and indications of ongoing economic strength will likely continue to ...