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While this slowed the rate of increase, home prices still rose ever higher, averaging $484,800 in November 2024, according to the U.S. Census Bureau. Be Aware: 7 Housing Markets Where Home Values ...
In spite of these challenges, people are still buying homes. About 4 million are on track to sell this year. But to a shocking extent, rising mortgage rates and the shortage of homes for sale ...
Housing affordability remains in the gutter: In addition to sky-high home prices, mortgage rates are still higher than anything seen in the decade before 2022. There still aren’t enough homes in ...
Sturtevant expects home price appreciation to be strongest in already high-cost metro areas like Boston, New York, and Washington, D.C. Cities that saw the most aggressive price increases during ...
Homebuyers eager to forget this year's housing market may ring in 2025 with an extra dash of zeal. A rapid rise in home prices has coincided with stubbornly high mortgage rates, shutting out ...
Still, there were fewer sales in May than last year; they were down 6%, according to Zillow. ... All in all, it’s a much different, more costly landscape for people who want to buy homes. On a ...
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