Housing Market
All Reports
July 25, 2024
Monthly housing payments are falling as mortgage rates decline, but many house hunters remain on the sidelines, with pending sales posting their biggest drop in nearly nine months. That’s because sale prices are still near record highs; additionally, some would-be buyers are wary of political and economic instability. The typical U.S. homebuyer’s monthly housing payment […]
July 24, 2024
That’s up from 60% a year ago. More home listings are growing stale because high housing costs are dampening demand, while the supply of homes for sale is growing. Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract. That’s up […]
July 23, 2024
About 56,000 home purchases were canceled, equal to 15% of homes that went under contract—the highest percentage of any June on record. Buyers are skittish due to elevated mortgage rates and record-high home prices. 20% of homes for sale last month had a price cut—the highest June share on record. Many sellers are dropping prices […]
July 23, 2024
Home prices grew 0.2% in June, the slowest pace since January 2023. Home price growth slowed in June for the fourth consecutive month. Falling mortgage rates and relatively low inventory levels are likely to keep prices ticking up slowly in coming months. U.S. home prices rose 0.2% in June, the smallest month over month increase […]
July 18, 2024
Mortgage rates dropped to their lowest level since February after the latest CPI report showed inflation cooling. Still, pending home sales posted their biggest decline in eight months. Daily average mortgage rates have dropped to their lowest level since February after last week’s cooler-than-expected inflation report, bringing homebuyers a bit of relief. A homebuyer on […]
