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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.
Housing contract activity picked up again in November as buyers shrugged off elevated mortgage rates and took advantage of higher inventory levels.. The Pending Home Sales Index, which tracks ...
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
The report found that 47% of buyers bought in the suburbs, up from 39% last year and closer to the trend from 2017 to 2021. ... Click here for real estate and housing market news, reports, and ...
While the housing market improved for buyers over the course of 2024, it’s still tight enough that 2025 is likely to remain a seller’s market in most areas. The good news is that inventories ...
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 ...
Though new housing supply has risen, previously owned homes on the market, especially entry-level properties, remain in short supply. Most homeowners have mortgage rates below 4%, reducing the ...