Housing Market
All Reports
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 […]
July 16, 2024
Swing-state housing payments have nearly doubled since the 2020 election, as home prices and mortgage rates have soared. To look at affordability another way, the typical swing-state home has gone from affordable to unaffordable for the typical family since the 2020 election. The typical family would spend 33% of their earnings to afford the median-priced […]
July 16, 2024
Younger voters are more likely to be impacted by high housing costs, especially renters. Older voters have fewer concerns about housing affordability since they own homes in higher percentages. A pre-election interest rate cut would help voters view the housing market—and the economy in general—in a more positive light. Before the June presidential debate became […]
July 12, 2024
Homebuyers on a $3,000 monthly budget have gained over $20,000 in purchasing power since mortgage rates peaked in the spring. House hunters who have been waiting for mortgage rates to start declining may want to get serious about buying a home soon. Mortgage rates dropped to their lowest level since March on Thursday’s inflation report, […]
