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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 ...
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 ...
This year has been an interesting one for real estate. After a boom in buying during the COVID-19 pandemic, things slowed down as home prices remained high amid soaring mortgage rates. I'm a Real...
At $407,500, the median price for all of 2024 marked a new record. It would take 3.3 months to exhaust the available supply of homes on the market if sales continued at December’s pace.
"We forecast house prices in 2023 to finish the year flat versus 2022 before falling 2% in 2024 as affordability continues to adjust slowly back to long-run averages and inventories begin a slow ...
Dave Ramsey, the popular personal finance expert, warned potential home buyers that they shouldn't pause their plans to enter the market at this time. Ramsey recently mentioned that despite ...
Morgan Stanley forecasts a 3% drop in home prices next year—just half of the 6% price increase this year.
“It’s going to be a signal for everybody to come back out and buy like crazy, and the house prices [will likely] go up by 20%,” she said. “We could have COVID [market] all over again.”