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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. Home-price ...
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 ...
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...
Nationally, many economists call for home prices to rise between 2% and 4% next year, around historical averages. But the strength of the housing market is likely to vary heavily by location.
Rachel Cruze: Housing Market Predictions for 2024. Heather Taylor. ... and the National Association of Realtors predicts 30-year rates will decline to 6.3% in 2024. Home Prices Will Continue To Go Up.
The year-to-year drop in all first-time homebuyers fell from 34% in 2022 to 26% of buyers in 2023. It’s the lowest percentage since the National Association of Realtors began gathering this data.
However, this week, Zillow economists issued a downward revision and predicted that U.S. home prices would instead rise 4.9% between August 2023 and August 2024. "Zillow’s forecast of the nation ...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...