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GOBankingRates spoke with Alexei Morgado, a real estate agent and the founder of Lexawise, to get a peek into an expert forecast for the housing market in 2025. Mortgage Rates Could Drop a Bit ...
But mortgage rates in the 6% to 6.2% range this year were enough to spur an increase in buying and selling, and those levels remain possible next year. ... When will mortgage rates go down? A look ...
This scenario may already be playing out: The median home sale price in Austin was down 6.2 percent year-over-year, according to June 2024 Redfin data, and homes there were taking a long 50 days ...
Prospective homebuyers that exited the market in 2023 due to high home prices and mortgage rates may fare better in 2024. A new Realtor.com report predicts that the average mortgage rate in 2024 ...
Will housing sales decline? The volume of home sales has continued to soften over the course of 2024: Existing-home sales in September were down by 3.5 percent from last year.
Prices hit a new all-time high in June 2024, with the median sale price for an existing home reaching $426,900, according to the National Association of Realtors (NAR). July’s median price was ...
Key housing market stats. The median home-sale price in the U.S. as of September 2024 was $404,500, according to NAR. That’s a year-over-year increase of 3 percent and the highest September ...
“The inventory problem is not going to get much better in 2024," one Realtor said. Resales and new construction can't fulfill all the demand. ... said in a real estate forecast summit on Dec. 12 ...