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The housing market has been at a standstill this last year, as U.S. home turnovers reached record lows, according to a Redfin report. Experts agree that there are lots of changes on the horizon ...
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.
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.
The nation had a 4.3-month supply of housing inventory as of September, per NAR, which is a big improvement over a year ago but still low enough to be considered a seller’s market.
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 ...
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 ...
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 ...
Greg McBride, CFA, Bankrate’s chief financial analyst, thinks the 30-year fixed will remain the dominant mortgage product. “A fixed-rate mortgage provides the certainty borrowers want,” he says.