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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 ... Will mortgage rates drop in 2024?
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.
In August 2024, home prices in Phoenix, AZ dropped by 4.8% year over year following several years of rapid growth. Buyers have more options now, and sellers are adjusting to the new reality of a ...
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 ...
The median price of an existing home, meanwhile, has climbed for 18 months straight, reaching a record high of $407,500 in 2024. In December, the median price was $404,400.
Zillow’s latest forecast calls for home values to hold steady in 2024, falling by just 0.2% by year’s end. Realtor.com’s forecast calls for home prices to drop a little more, falling 1.7% in ...
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...
Redfin expects home prices to fall 1% in the second and third quarters of next year and be flat in the first and last quarters, per its 2024 housing market forecast.