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The nation had a 4.3-month supply of housing inventory as of September, per NAR, which is a big improvement over a year ago but still low enough to be considered a seller’s market.
“This is a challenging housing market for first-time homebuyers due to high mortgage rates, high home prices and the inventory of homes available for sale continuing to be very limited,” says ...
The added inventory didn’t move the needle much on sales, as costs stood in the way. “Buyers are struggling to keep pace with housing prices. The cost of owning a home now, when adjusted for ...
Traditional wisdom states that the real estate market needs 5 to 6 months of housing supply to be balanced, or not leaning toward either a buyer’s market or seller’s market. NAR existing-home ...
The current housing market Home sale prices: The country’s median existing-home sale price in June 2024 was $426,900, according to the National Association of Realtors (NAR) — the highest ...
Housing contract activity picked up again in November as buyers shrugged off elevated mortgage rates and took advantage of higher inventory levels.. The Pending Home Sales Index, which tracks ...
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