The desired rate of inflation is 2% and the latest rise of 3.1% consumer price index in January is not yet comfortable.
At the national level, housing affordability improved in December month-over-month, with decreases in both monthly mortgage payments and median prices of single-family homes.
Home prices continued to rise in the fourth quarter of 2023, and single-family home prices had positive gains in 85.5% of 221 metro areas.
For the eighth week in a row, there has been overall stability for the 30-year fixed mortgage interest rate.
New home buyers value agents' help in understanding the buying process, improving the search areas, helping with negotiation, and shortening the home search time.
U.S. population trends are returning to pre-pandemic levels because of decreased deaths and increased migration, resulting in the largest gains since 2018.
Mortgage interest rates ticked down slightly this week to 6.63% from 6.69% the previous week, down considerably from October 2023.
After dropping for two consecutive years, the share of young adults living at home is back on the rise; this might make it easier for them to save for a down payment on a home.
Data from the 2023 Profile of Home Buyers and Sellers shows the makeup of households and how relationships play a role in shaping homebuying decisions.
As anticipated, the Federal Reserve did not alter its short-term interest rate today, keeping it at 5.375%.
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