Blog: Housing Market Trends
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Real Estate Rundown October 2024
October 01, 2024
The U.S. housing market has shown resilience despite higher mortgage rates and declining sales, with home prices remaining relatively stable due to low inventory and steady demand. A recent Federal Reserve rate cut has boosted mortgage applications and demand, leading to an increase in new listings. A...
Real Estate Rundown September 2024
September 01, 2024
The U.S. housing market is showing signs of slowing down, as reflected in multiple indicators. Home price growth continues to stall, with the S&P CoreLogic Case-Shiller U.S. National Home Price Index rising only 0.2% in June, and annual price growth slowing to 5.4%. Pending home sales fell 5.5% in Jul...
Real Estate Rundown August 2024
August 01, 2024
In June, existing home sales fell by 5.4% to an annual rate of 3.89 million, and the total housing inventory increased by 23.4% from the previous year, though affordability challenges persisted for first-time buyers. The Federal Reserve kept interest rates unchanged at 5.25% to 5.5%, with potential ra...
Real Estate Rundown July 2024
July 01, 2024
Mortgage rates dipped to 6.86%, the lowest in three months, fostering optimism for homebuyers amid expectations of further declines through summer. Despite a 4.6% decline in pending home sales, May witnessed an uptick in listings and reduced monthly housing costs, with the average 30-year fixed mortga...
Real Estate Rundown 2024
May 01, 2024
Despite a slight decline in median prices, strong demand supported by favorable demographics and a robust labor market drove this increase, contrasting sharply with declining existing home sales. Factors such as looser financial conditions and builder incentives contributed to this uptick in sales. Ho...
Real Estate Rundown April 2024
April 01, 2024
The latest analysis of mortgage rates indicates a slight decline attributed to mixed signals from Federal Reserve officials and the absence of new data. Meanwhile, Redfin's latest report highlights a significant increase in the total number of homes for sale in the U.S., rising by 5% during the four w...
Real Estate Rundown March 2024
March 01, 2024
The U.S. housing market in early 2024 is characterized by cautious optimism amidst fluctuating mortgage rates, with hopes for a drop in rates to refresh activity. Low existing home supply sustains demand for new homes, although uncertainties persist regarding economic sustainability. Meanwhile, a sig...
Real Estate Rundown February 2024
February 01, 2024
The housing market is showing signs of thawing after a challenging period, with significant drops in mortgage rates. Housing inventory slightly increased from a year ago, but the supply remains tight, impacting market dynamics. The U.S. experienced an 8.0% increase in sales of newly built, single-fami...
Real Estate Rundown January 2024
January 01, 2024
Pending home sales in the United States showed no change compared to the previous month. Meanwhile, U.S. home-price growth continued to slow for the third consecutive month in November, with prices rising by 0.6% from the previous month, the smallest increase since June. Looking ahead to the 2024 hous...
Real Estate Rundown December 2023
December 01, 2023
Positive news in the housing market with interest rates in a downward trend as well as an increase in the number of listings available. Also, a strong amount of Millennials have a positive take on homeownership and the American Dream.
Real Estate Rundown November 2023
November 01, 2023
The U.S. housing market is witnessing a surge in the popularity of newly built homes, constituting a record 30.6% of single-family homes available for sale in the third quarter. Mortgage rates remain close to a 23-year high, and economic growth continues to outperform expectations, although concerns ...
Real Estate Rundown October 2023
October 01, 2023
In the real estate market, financial challenges for buyers amid limited housing inventory are prompting home sellers to reduce prices. Meanwhile, Freddie Mac's latest data reveals that the 30-year fixed-rate mortgage has reached 7.31%, the highest since 2000, due to low housing inventory. In the housi...