The Housing Affordability Index: Home Prices Surge and Rising Mortgage Rates Troubled Affordability in May 2024
According to NAR's Housing Affordability Index, housing affordability declined nationally in May compared to the previous month. The monthly mortgage payment increased by 3.9%, while the median price of single-family homes rose by 5.7% (from $401,500 to $424,500) year-over-year. The monthly mortgage
June 2024 Foot Traffic
" data-src="https://cdn.nar.realtor/sites/default/files/styles/wysiwyg_small2/public/2024-06-foot-traffic-sentrilock-home-showings-report-cover-07-23-2024-300w-400h.png?itok=zilgSYnu" class="b-lazy" width="200" height="267" alt="Cover of the June 2024 Foot Traffic NAR Sentrilock Home Showings report
July 2024 NAR Real Estate Forecast Summit: Residential Update
On July 22, 2024, from 12:00 – 1:00 p.m. ET, NAR held a virtual economic and real estate summit that provided an outlook on the changing residential real estate market. The speakers were NAR Chief Economist Lawrence Yun and NAR Deputy Chief Economist Jessica Lautz. " data-src="https://cdn.nar.realto
Categories
Recent Posts
