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The current housing market. Home sale prices: The country’s median existing-home sale price in February 2024 was $384,500, according to the National Association of Realtors (NAR) — up 5.7 ...
When evaluating the housing market trends in the second half of 2024, it is important to remember that home prices can fluctuate.The median existing-home price across the nation was $426,900 in ...
McBride says a plateauing of prices is more likely than a steep fall, and other experts’ housing market predictions for 2024 align with that sentiment. Interest rates remain high as well, so if ...
Key housing market stats. The median home-sale price as of May 2024 was $419,300, up 5.8 percent from one year ago and the highest median NAR has ever recorded. The nation had a 3.7-month supply ...
Sharga is also doubtful that rates will begin to decline significantly in the near future: “It’s likely that rates on the 30-year fixed-rate mortgage will remain between 7.0 and 7.5 percent ...
Cofini and Carter agree that the rental market will stay strong in 2025, meaning that rents may not decline from the national median price of $2,150. Cofini said, “Certain areas are projected to ...
Housing experts say home prices will continue to rise for the rest of 2024. Fannie Mae forecasts a nearly 5% price appreciation by the end of 2024. NAR predicts the year-end median price on ...
For buyers, the housing market continues to pose challenges in terms of finding available homes for sale. In October 2023, the number of homes actively for sale fell by 2% from the previous year ...
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