“I don’t expect to see a meaningful increase in the supply of existing homes for sale until mortgage rates are back down in the low 5% range, so probably not in 2024,” says Rick Sharga, founder and CEO of CJ Patrick Company, a market intelligence and business advisory firm...
Meet the boomers who’d rather spend $100k to renovate their homes than risk the frozen housing market: ‘It would be too hard to purchase anything else’ BYAnne D'Innocenzio and The Associated Press December 25, 2024 at 3:16 PM GMT+8 Gene and Sallie Carr pose for a pi...
After what seemed to be a surprisingly early rebound in housing market activity that started in December of last year, February’s home sales were lower than they were in January. Just as we were hesitant to declare December’s and January’s jumps as the ...
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By February 2024, the U.S. News Housing Market Index predicts that single-family housing permits will decrease to 390 and multifamily housing permits will decrease to 482. Predictions for single-family permits have been in line with data; however, multifamily predictions were lower than repor...
Nashvillemay be known for its booming music scene, but its housing market may be just as strong. In fact, it’s the 12th strongest in the nation, according to the U.S. News Housing Market Index. That’s despite the hits the market has taken due to rising interest rates, wh...
Residential housing market activity contributes about 5% of the U.S. gross domestic product (GDP) each year.1Whether you are an investor or a potential home buyer, there are certain key economic indicators that you'll want to watch over time to get a sense of the state of the market. ...
Market DataFresh homegrown stats to keep you well informedStay current on metro-wide prices, sales and inventory, or take deep dives into market performance by area, market segment and price point. Monthly market reports for the previous month’s data are available around the 17th of the month...
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The median sale price climbed to $975,000 in February 2024, a 5.9% jump compared to the same time last year. Atlanta, GA ranks third and is the most overpriced housing market in the country according to one countrywide analysis. Homes have been selling for 41.7% more than their worth as...