“That being said, we remain hopeful that interest rates will stabilise soon and that the external factors will become more favourable to stimulating growth within the local housing market and the broader economy in general,” Goslett concludes.
What the move means for the housing market is an open question. Mortgage rates fell sharply leading up to the Fed’s first rate cut, dropping all the way from 8.01 percent in October 2023 to 6.20 percent in September 2024, according to Bankrate’s national survey of large lenders. However...
it is a good idea to take a look at the statistics and trends to make your decision. According to many agents, the housing market is far from crashing in the following years. It's actually going to play an important role in the overall economy of the country. In September 2020, accordi...
New York Housing Market Remains Strong in SeptemberAllen, Paul
“The market is likely to remain a little soft in the coming months since activity will have been brought forward to avoid the additional tax obligations – a pattern typically observed in the wake of the end of stamp duty holidays.” ...
Housing inventory, while improving, remains a problem for potential buyers across the country. According to the most recentexisting home salesdata from NAR, the country had a 4.0-month supply of inventory in March, still below the 5 to 6 months needed for a balanced market. However, new cons...
The fall’s strong market rally lost a lot of steam in some of Canada’s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards. The drop in Toronto rolled back all advances made since September. A...
vendor discount in the combined capital cities market has decreased, indicating that vendors are now offering smaller discounts on their properties. It has eased from a 4.35 per cent deduction in the September quarter of 2022 to a 3.88 per cent discount in the three months to April 2023. ...
(Data through September 30, 2024) 95237 Housing Market Overview 1.4%1-year Market Forecast(September 30, 2024) 7For sale inventory(September 30, 2024) --New listings(September 30, 2024) --Median sale to list ratio --Median sale price(August 31, 2024) --Median list price(September 30, ...
Weekly Mortgage Rates Decrease But Housing Market Remains ToughSome or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lend...