Nearly 90% of Metro Areas Registered Home Price Gains in Second Quarter of 2024
Key Highlights Single-family existing-home sales prices rose in 89% of measured metro areas – 199 of 223 – in the second quarter, down from 93% in the previous quarter. The national median single-family existing-home price rose 4.9% from a year ago to $422,100. Twenty-nine markets (13%) experienced
A Stunning Stat for International Cat Day: There Are More American Households with Pets Than Children
On this International Cat Day, we celebrate pet owners. Did you know there are more households with pets than children? These beloved pets are a driver of a major facet of economic activity: home buying. About one-fifth of recent home buyers considered their pet in their neighborhood choice—a share
Instant Reaction: Mortgage Rates, August 8, 2024
Facts: The 30-year fixed mortgage rate from Freddie Mac dropped to 6.47% this week, compared to 6.73% last week. At 6.47%, with 20% down, a monthly mortgage payment on a home with a price of $400,000 is $2,016. Compared to October 2023, when rates were 7.79%, this is a monthly payment difference of
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