Single-Family Home Prices Had Gains in 92.3% of 221 Metro Areas in 2024 Q1

The National Association of REALTORS® reported that home prices continued to rise in the first quarter of 2024. National median prices rose 5.0% year over year to $389,400, while median home prices fell by 0.5% compared to the previous quarter. Of the 221 metro areas, 28.5% had double-digit year-ove

Mortgage Rates Push Housing Affordability Down in March 2024

According to NAR's Housing Affordability Index, housing affordability weakened nationally in March compared to the previous month. The monthly mortgage payment increased by 2.8%, while the median price of single-family homes increased by 2.4%. The monthly mortgage payment increased by $57 from last

Metro Areas With Largest Percent Gain in Existing Single-Family Home Home Price in 2024 Q1

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