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The latest Consumer Price Index (CPI) report revealed a slight decline in inflation for April, bringing a potential reprieve for the housing market struggling under high borrowing costs.According ...
Amid a broader market slowdown, U.S. home prices reached a historic peak in April, with the median sale price rising to $433,558, a 6.2% increase from the previous year, according to data issued ...
Growing home prices. Housing experts say home prices will continue to rise for the rest of 2024. Fannie Mae forecasts a nearly 5% price appreciation by the end of 2024. NAR predicts the year-end ...
Rising home prices in conjunction with rising mortgage rates have driven the median monthly housing payment to a record $2,890—a whopping 15% year-over-year increase, the Redfin report shows.
Meanwhile, Fannie Mae’s latest Home Purchase Sentiment Index (HPSI) decreased by 0.9 points in March to 71.9, with more than three-quarters of respondents — 79 percent — saying they believe ...
That sent mortgage rates up, and they peaked at just above 8% in October last year. The average 30-year fixed mortgage rate is 7.05%, as of the latest reading. “This supply is beginning to thaw ...
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