October 2024 Real Estate and Mortgage Report
The U.S. housing market is characterized by moderate inventory levels, with approximately 1.21 million existing single-family homes available. Despite rising inventory, affordability remains a significant
The U.S. housing market is characterized by moderate inventory levels, with approximately 1.21 million existing single-family homes available. Despite rising inventory, affordability remains a significant
As the market moves toward more balance between buyers and sellers, parties on both sides of the transaction need to be prepared to negotiate. Insights
There is an increase in the number of listings coming to market lately, which suggests that many homeowners can no longer put off moving. More
Presidential election years affect the national housing market and mortgage rates as people prepare for economic and policy changes. Historically, existing home prices have increased
The overwhelming majority of prospective homebuyers believe that buying a home, now or in the future, is the best decision for them in the long
While home prices are growing, home sizes are decreasing. More than a third of builders say they built smaller homes in 2023, and more than
The inventory of homes actively for sale increased in 45 out of 50 of the largest metros compared with last year, and in four large
The real estate market continues to exceed expectations. There are more than 1M fewer foreclosures in the last five years, home prices rose in 96
There is a narrative we must combat in the real estate market. The latest Fannie Mae report showed 24% of consumers believe their prices are
The real estate market remains strong, bolstered by the recent drop of mortgage rates. Home prices are expected to continue their upward trajectory in 2024,
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