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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 ...
"Buyers who are currently priced out of the market are eagerly awaiting progress, which could come in the form of lower mortgage rates, more for-sale options, or lower prices." Home sales expected ...
Buying a home in 2024 is a challenge – from mortgage rates to bidding wars, obstacles exist. NBC News quantifies the challenges with its Home Buyer Index. This is what we've learned.
🏡 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
As of October, more than a third of prospective homebuyers are no longer willing to wait for home prices and interest rates to fall to buy a home, up from 15% in April, according to Bank of ...
A housing supply gap of 6.5 million homes. At its root, inflation is a result of an imbalance of supply and demand. In the housing market, weak inventory was a problem that existed prior to the ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
The bad news for buyers. The housing market is expected to get more expensive for consumers. Mortgage rates held steady around 3% for most of 2021. Starting in January, rates began to rise ...