The monthly mortgage payment increased by 3.9%, while the median price of single-family homes rose by 5.7% (from $401,500 to $424,500) year-over-year.
The 30-year fixed mortgage rate from Freddie Mac fell further to 6.77% over the last week from 6.89%.
New apartment units completed reached a 50-year high in June, and rents have stopped rising in many cities due to the oversupply of rental units.
The 30-year fixed mortgage rate from Freddie Mac declined to 6.89% over the last week from 6.95%.
In this blog post, we'll look closer at who is buying homes, the sociodemographic factors that influence home buying, and the ages at which single female home buyers enter the market.
The 30-year fixed mortgage rate from Freddie Mac increased to 6.95% over the last week from 6.86%.
May’s pending home sales fell 2.1% from last month and decreased 6.6% from a year ago.
The 30-year fixed mortgage rate from Freddie Mac continued with small incremental declines to 6.87% over the last week from 6.95%.
Increased construction activity can be attributed to various factors such as economic growth, population influx, and urban development initiatives.
Compared to March 2024, the monthly mortgage payment in April 2024 increased by 5.7%, while the median price of single-family homes increased by 0.1%.
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