Instant Reaction: Mortgage Rates, May 16, 2024
The 30-year fixed mortgage interest rate averaged 7.02% over the last week, easing for the second consecutive week and remaining below the historical average of 7.74%....
Read Full Article
Instant Reaction: Housing Starts, May 16, 2024
Housing starts in April 2024 bounced back slightly with a monthly gain of 5.7% after a large 17% decline in March....
Read Full Article
The Dual Impact of Lower Mortgage Rates on Affordability and Availability of Homes
With expected lower mortgage rates, buyers at all income levels will be able to afford a greater number of listings, thereby expanding their choices....
Read Full Article
Single-Family Home Prices Had Gains in 92.3% of 221 Metro Areas in 2024 Q1
In Q1 2024, national median home prices rose 5.0% year over year to $389,400, with 28.5% of metro areas seeing double-digit price increases....
Read Full Article
Mortgage Rates Push Housing Affordability Down in March 2024
Housing affordability fell nationally in March 2024 compared to the previous month, with monthly mortgage payments increasing by 2.8% and the median price of single-family homes rising...
Read Full Article
Metro Areas With Largest Percent Gain in Existing Single-Family Home Home Price in 2024 Q1
The top 10 metro areas with the largest year-over-year price increases all recorded gains of at least 18.2%....
Read Full Article
More Than 90% of Metro Areas Recorded Home Price Increases in First Quarter of 2024
Thirty percent of the 221 tracked metro areas experienced double-digit price gains over the same period, up from 15% in the fourth quarter of 2023.
...Read Full Article
NAR Chief Economist Lawrence Yun Predicts Falling Long-Term Interest Rates, Rising Existing-Home Sales in 2024
Chief Economist Lawrence Yun forecasts that 2024 existing-home sales will rise to 4.46 million and 2025 existing-home sales will increase to 5.05 million, with further gains in eight...
Read Full Article
Yun: It’s Impossible for Home Sales to Remain Low
Though sales are currently at a 30-year low, long-term growth in the U.S. population ensures more elevated homebuying activity in the near future.
From the REALTORS®...
Read Full Article
Exploration of Retail Crime Data and Commercial Market Update
Presented by Oleh Sorokin at the Commercial Real Estate Research Advisory Board Meeting on May 5, 2024 as part of the REALTORS® Legislative Meetings in Washington, DC....
Read Full Article