“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...
(Data through September 30, 2024) 94954 Housing Market Overview 3.2%1-year Market Forecast(September 30, 2024) 51For sale inventory(September 30, 2024) 25New listings(September 30, 2024) 1.003Median sale to list ratio(August 31, 2024) $838,333Median sale price(August 31, 2024) $860,500...
The average home value in 95237, CA is $509,219, up 1.0% over the past year. Learn more about the 95237 housing market and real estate trends.
However, there’s still a chance the additional rate reduction of 25 bps by the Fed, and having the presidential election behind us, will help spur interest rates to start moving down again before the end of 2024. If you are thinking about getting into the housing market, remember to consi...
In 2024, many prospective homebuyers chose to wait things out in the hopes that the coming year will bring a more advantageous market. But continued rising home prices and tight supply mean that 2025 will likely still be a tough time to buy. If mortgage rates go down, though, that would ...
In 2024, many prospective homebuyers chose to wait things out in the hopes that the coming year will bring a more advantageous market. But continued rising home prices and tight supply mean that 2025 will likely still be a tough time to buy. If mortgage rates go down, though, that would ...
This correction is bringing relief to potential buyers who were previously priced out of the market. Mortgage rates, which reached multi-year highs in 2023, are beginning to ease. This trend is expected to continue into 2024, potentially reinvigorating buyer demand. The Federal Reserve’s ...
In 2024, many prospective homebuyers chose to wait things out in the hopes that the coming year will bring a more advantageous market. But continued rising home prices and tight supply mean that 2025 will likely still be a tough time to buy. If mortgage rates go down, though, that would ...
However, rates aren't likely to fall enough to give the housing market the jolt that it so desperately needs. Buyers making the national median income in 2024 are expected to spend an average of 34.9% of their earnings on their housing payments, going down to below 30% by year's end. ...
housing market. The housing market in 2025 might have a more favorable outlook than much of 2024 had, especially if mortgage rates and inventory levels improve. There’s still uncertainty in the air, though: Rising prices and slowing construction could cause some trouble for buyers in 2025, ...