Current Market Data
Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.
Mortgage rates rose quickly last week. The 30-year fixed mortgage rate hit 3.01%, up 0.13% from the week prior.
The demand for luxury single-family homes in Martin County spiked in August,
according to the Miami Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
Home sales in Palm Beach County continued trending upward in August, according to the Miami Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
Housing affordability has changed across all 50 top markets, proving to be more affordable than it was during the previous housing peak, according to First American Financial’s latest Real House Price Index.
All four geographic regions saw increases, led by the Midwest, which clocked a 10.4% rise from July, and the South, where sales rose 8.6%. Pending transactions rose 7.2% in the West and 4.6% in the North.
A new report shows the market cooled in August, at least in terms of the number of prospective buyers looking at homes.
Property values continue to rise and those looking to downsize can make the most of the current market highs, but how much you can save by downsizing can vary significantly depending on where you live.
The 10-city composite index rose 1.4% on a monthly basis and 19.1% on a yearly basis, while the 20-city composite gained 1.5% monthly and 19.9% annually.
Fewer buyers were looking for vacation homes in August, as the demand for second homes dropped for the third month in a row.