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A measure of housing contract activity jumped 7.4% in September as buyers took advantage of lower mortgage rates and higher inventory. The Pending Home Sales Index, which tracks contract signings ...
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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 ...
Mortgage rates dropped again this week, spurring more potential homebuyers to submit applications as the 2024 buying season wanes. The average 30-year mortgage rate fell to 6.69%, from 6.81% a ...
The NBC News Home Buyer Scarcity Index — which accounts for existing inventory, new construction and other factors — reflects that, with a value of 84.8 — far higher than before the pandemic ...
🏡 Key housing market stats 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
A housing supply gap of 6.5 million homes. At its root, inflation is a result of an imbalance of supply and demand. In the housing market, weak inventory was a problem that existed prior to the ...
Americans haven’t felt this optimistic about the housing market in 20 months, a new survey found, but still-high home prices may threaten to blunt that re-emerging confidence.