Mortgage Rates Push Housing Affordability Down in March 2024
According to NAR's Housing Affordability Index, housing affordability weakened nationally in March compared to the previous month. The monthly mortgage payment increased by 2.8%, while the median price of single-family homes increased by 2.4%. The monthly mortgage payment increased by $57 from last
Metro Areas With Largest Percent Gain in Existing Single-Family Home Home Price in 2024 Q1
Download (PNG: 179 KB) | Metro Area Prices & Affordability Data | News Release " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/2024-q1-top-10-metro-areas-with-largest-percent-gain-in-existing-single-family-home-price-1000w-1500h_0.png?itok=9F2XmK9u" class
More Than 90% of Metro Areas Recorded Home Price Increases in First Quarter of 2024
Key Highlights Single-family existing-home sales prices rose in 93% of measured metro areas – 205 of 221 – in the first quarter, up from 86% in the prior quarter. The national median single-family existing-home price grew 5% from a year ago to $389,400. Sixty-three markets (30%) experienced double-d
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