Instant Reaction: Mortgage Rates, December 14, 2023
For the first time since August, interest rates for a 30-year fixed mortgage have dropped below 7%, hitting 6.95% this week. This brings the monthly mortgage payment for a home priced at $400,000 to $2,118. This is down from a recent high this Autumn of 7.79% and yields monthly savings of $183 and $
Level Up: Economic Forecast
Want to know what you can do to be more prepared for the 2024 real estate market? Tune in to December’s episode of Level Up: Real Stories from REALTORS® and hear what NAR’s Chief Economist Lawrence Yun is predicting for the residential and commercial markets in the coming year. Dr. Yun speaks one-on
New Housing Units at the State Level: A Look at Data From the Last Decade
The number of housing units in the U.S. rose by 11.3 million (or 8.5%) between 2012 and 2022. This corresponds to the growing demand for housing. However, there is still a gap to fill. According to recent metrics, housing inventory (active listings) is still limited, and major metropolitan areas are
Categories
Recent Posts
