Existing-Home Sales Fell 2.0% in September
Key Highlights Existing-home sales slid 2.0% in September to a seasonally adjusted annual rate of 3.96 million. Sales retreated 15.4% from one year ago. The median existing-home sales price grew 2.8% from one year ago to $394,300, marking the third consecutive month of year-
Instant Reaction: Mortgage Rates, October 12, 2023
Mortgage interest rates inched upwards and closer to the 52-year average (7.74% since 1971) by hitting 7.57% this week. While some may remember a time when rates were higher, home prices then were also considerably lower and more on par with income. The current mortgage rate means a $2,253 monthly
Buyers are out there but are more scupulous
I've had this conversation so many times in the last few weeks. You've likely seen it in your neighborhood where there are homes that are sitting for weeks that are perfectly fine homes and priced "right" but still not selling. Then you'll see other houses that had multiple offers and it's all a lit
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