Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record High of $419,300
Key Highlights Existing-home sales slipped 0.7% in May to a seasonally adjusted annual rate of 4.11 million. Sales descended 2.8% from one year ago. The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the eleventh consecutive month of year
Instant Reaction: Mortgage Rates, June 20, 2024
Facts: The 30-year fixed mortgage rate from Freddie Mac continued with small incremental declines to 6.87% over the last week from 6.95%. At 6.87%, with 20% down, a mortgage payment on the median-priced existing home of $400,000 is $2,101. Last year, the median downpayment for a first-time buyer was
March 2024 NAR Real Estate Forecast Summit: Commercial Update
Watch the Video Recording Presentation Slides " data-src="https://cdn.nar.realtor/sites/default/files/styles/wysiwyg_small2/public/2024-03-07-nar-real-estate-forecast-summit-lawrence-yun-presentation-slides-cover-03-07-2024-1300w-731h.png?itok=JF9u0yef" class="b-lazy" width="200" height="112" alt="C
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