Current Market Data
Specifically, prices rose 4.3% annually after growing by 4.7% in June.
July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000.
The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.
The combination of rising inventory and price reductions in Denver and nationwide is creating a more buyer-friendly market.
The average 30-year fixed mortgage rate dropped more than a quarter point since last week.
The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month.
There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.
Just 13% of respondents expect an increase in buyer traffic in the next three months.
Despite record high prices, two factors are creating opportunities for homebuyers this summer: falling mortgage rates and rising supply.
Despite spending more time than ever at home, more than half of Americans admit to hiding from their neighbors, according to a survey from Top Rail Fence.
Summer is underway, and many homeowners are looking for ways to upgrade their outdoor spaces so they can enjoy the heat in style.
The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said.
The average 30-year fixed mortgage rate dipped to 6.87%.
With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.
At the same time, the median price of a new home sold in April declined as well.