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🏡 Key housing market stats The median home-sale price as of September 2024 was $404,500 — the highest September median NAR has ever recorded and only about $20K short of the all-time high
There’s one fact about real estate that few people would dispute: The housing market is really weird right now. Mortgage rates are not falling quickly despite Federal Reserve rate cuts. Homes ...
Prices tend to stay low as a way to attract and entice buyers, but it hasn’t been a buyer’s market for a few years. And according to Cruze, it will likely stay that way with low inventory.
1968: As part of the Housing and Urban Development Act of 1968, the Government mortgage-related agency, Federal National Mortgage Association (Fannie Mae) is converted from a federal government entity to a stand-alone government sponsored enterprise (GSE) which purchases and securitizes mortgages to facilitate liquidity in the primary mortgage market.
Also in 2005, economist Fred Harrison commented: "The next property market tipping point is due at end of 2007 or early 2008... The only way prices can be brought back to affordable levels is a slump or recession.” [54] In January 2006, financial analyst Gary Shilling wrote an article entitled: “The Housing Bubble Will Probably Burst”.
A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom or reduce interest rates. [1]