Trends in Housing Affordability: Who Can Currently Afford to Buy a Home?

Housing affordability has long been a critical issue in the housing market, affecting individuals, families, and entire communities. While the challenges associated with affording a home are not new, they have remained one of the main concerns in the housing market, particularly as higher mortgage

July 2024 Foot Traffic

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Existing-Home Sales Advanced 1.3% in July, Ending Four-Month Skid

Key Highlights Existing-home sales grew 1.3% in July to a seasonally adjusted annual rate of 3.95 million, stopping a four-month sales decline that began in March. However, sales slipped 2.5% from one year ago. The median existing-home sales price elevated 4.2% from July 202