Blog: Top News in the Real Estate Market


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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 June 2024

June 01, 2024

Based on the provided summaries, here is a very short summary of the blog Could The Market Be Balancing To A Buyer’s Market. The real estate market, currently a seller's market, is moving towards balance with increased housing supply and high mortgage rates. The market shows signs of equilibrium but s...

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 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...

Real Estate Rundown September 2023

September 01, 2023

The summer real estate market may be coming to and end, but New home sales are at a 17 month high and there is an increase to the number of pending leads even in the face of higher mortgage rates. While these rates seems to climb, buyers are adapting to this and still entering into the market.

Real Estate Rundown August 2023

August 01, 2023

As we enter the late Summer months of 2023, the US housing market experienced a 3% uptick in home prices despite a lack of demand. Existing home sales declined by 23%, with forecasts predicting a gradual recovery. The Federal Reserve’s positive economic outlook provides hope for sustained market stabi...

Real Estate Rundown July 2023

July 01, 2023

Mortgage rates continue to fluctuate and housing affordability concerns persist, but the below-median income homeownership rate shows a significant surge, highlighting the resilience of homeowners overcoming the constraints of the current housing market.

Real Estate Rundown June 2023

June 01, 2023

This rise in rates has implications for both prospective homebuyers and sellers. Higher mortgage rates can make homes less affordable, potentially dampening demand and slowing down the pace of home sales. Even with this slow start people are still in the market and many are still paying over the askin...

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